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DGB

DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅ Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process: 1. **Identify Weekly Resistance Levels:** - Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher. - These levels are typically points where the price reversed in the past or where it has shown a strong reaction. 2. **Confirmation:** - Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns. 3. **Monitor Price Action:** - Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum. 4. **Wait for a Reversal Signal:** - Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level. 5. **Risk Management:** - Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through. 6. **Target Profits:** - Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio. 7. **Consider Fundamental Factors:** - Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements. 8. **Practice Patience:** - Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan. 9. **Risk-Reward Ratio:** - Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success. 10. **Keep an Eye on Market Sentiment:** - Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal. Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
DLong
by Crypto-Adda_Official
DigiByte (DGB) formed bullish Gartley for upto 106% massive moveHi dear friends, hope you are well and welcome to the new trade setup of DigiByte (DGB) with US Dollar pair. Previously we caught more than 27% pump of DGB as below : Now on a long-term weekly time frame, DGB has formed a bullish Gartely move for a massive bullish reversal move. Buy between: $0.00764 to $0.00600 Sell between: $0.00994 to $0.01237 Stop loss: Below $$0.00600 Possible profit ratio: As per above targets there is a profit possibility of 106% and a loss possibility is upto 22%, therefore, it is a high risk / high reward setup Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
1
TRADE OF THE DAY | Digibyte | DGB testing range | Potential 8.3%TRADE OF THE DAY | Digibyte | DGB testing range | Potential 8.3% DGB is showing quite a few nice bullish signals with a minor bullish divergence and break out of he RVI whilst still not being overbought just yet. Although be mindful that it is still sitting in the local range - although finally breaking the 20 Daily EMA is a big positive since it has been rejected consistently since the 20th April. There is a very comfortable stop-loss in place which if it hits then it is a likely that the trend will be heading down. Be aware at the moment though as it is incredibly turbulent and stop hunting conditions across the market in general.
DLong
by Kryptochristian
3
DGB!! Preparing for it's big entry!As we can see here this is the Monthly chart of Digibyte and we can see a distinct pattern. The MACD makes a cross up and during this time price action make goes up very fast and vast. I have the crosses marked with a circle and the bear market trading range marked with a rectangle shape. The real important information is not the move that historically has followed, it's the fact the that bottom was always behind this cross as well , so the risk is very low after this cross. We don't have this cross yet, but it looks to happen very soon. The buy is a confirmation of this cross on the monthly. We need to keep in mind that just because this cross will happen, doesn't mean prices will soar right away, it could, and most likely will take some time. Confirming the parabolic move up is the CM_Ultimate_MA. Right now is red but when it turns green and price action is above it, confirms the bullish moves ahead for months to come. Thank you WeAreSat0shi
BITTREX:DGBUSDLong
by WeAreSat0shi
10
✴️ DigiByte Higher Low Confirmed, Ready For 165%The trading pair vs Tether for DigiByte, DGBUSDT, is looking great as it continues moving within an ascending channel. We can see a higher low being confirmed yesterday vs mid-March. This is a short-term higher low. We have short-term and mid-term higher lows... Higher lows lead to higher highs! The initial target will be the resisstance that was hit in February around 0.1365. The next level to be hit, which is the higher high, should be around 0.2590+, setting the potential at 165% or more. Patience is key as usual and thanks a lot for your continued and amazing support. Namaste.
Long
by MasterAnanda
6
✳️ DigiByte vs Bitcoin Ends Its CorrectionWe are looking at perfect timing... When Bitcoin grows, the section of the Cryptocurrency market that suffers the most are the ALTSBTC, Altcoins vs Bitcoin pairs. That is because all the energy is sucked out of these pairs to fuel Bitcoin's growth. And thus the correction ended in a lower low compared to May 2022; this is no big deal. A higher low is technically bullish/strong. A lower low, unless it goes down to a new Fib. level, works in the same way. DGBBTC hit a new low by 1 satoshi (31 sats April 2023 vs 32 sats May 2022) so we are technically speaking about a long-term double bottom. Once we hit bottom the only place left to go is up. This weekly session is closing as a reversal signal after a new low has been hit. This is good as it points at a reversal taking place next. Overall, the whole pattern is still a long-term consolidation phase. The moves taking place now are not relevant when it comes to the bigger picture. Check the DGBUSDT trade idea for additional information on DigiByte. Namaste.
Long
by MasterAnanda
✴️ DigiByte Stronger Than Most | Full AnalysisThe market goes in cycles and waves... It is a process and there are many different ways to approach it... It can be learning, it can be entertainment, it can trading for profits or it can be an escape. Trading for profits will require knowledge, experience, a plan, timing... Timing the waves. Buy when near support to sell at resistance and then buy again. Bigger pockets, longer perspectives can buy at support big with a long-term view selling years into the future. Wise ones but less involved can buy each time prices drop, accumulation... Small pockets can build a position throughout the years, during the bear market and recovery phase (now), in order to sell in 2024 (bull-market) or 2025 if this pair peaks late. Why do I say DigiByte is stronger than most? Many Altcoins hit a low in November followed by a lower low in December 2022, DGB hit a higher low Dec. Stronger than those. After the November 2022 low we have a clear uptrend, higher highs and higher lows. Now, focusing on the current action, DGBUSDT is trading above MA200, EMA100 and the rest. The trading volume is stable and supports the continuation of the bullish wave. The RSI is good/strong and supports a strong move up. The recent higher low ended 11-March confirms the bulls continue in control. I'll do DGBBTC next which doesn't look as good... If you are focused on the short-term. If long-term holder/trader/buyer, then any short-term correction is just noise... I'll explain... Namaste.
Long
by MasterAnanda
1
✴️ DigiByte 560%+ Potential MappedThis is always how it works... 3 drops and then up. We've completed the 3 heads pattern and thus DigiByte is getting ready to grow. ✔️ The initial bounce happened from July through August 2022. ✔️ The second bounce happened from November 2022 through February 2023. ✔️ The third bounce started this week and can take several months to complete. The first two waves were small... The last one should be the big one. Third time's the charm. Namaste.
Long
by MasterAnanda
1