DGB 350 MAa break of the 350 MA would ultimately confirm the bull run for DGB
head and shoulders pattern in the process of completing just under the 350 MA
DGB
DGB UPWARD SLOPING REVERSE HEAD AND SHOULDERSa powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
DGB - historical perspectiveSome perspective on what some altcoins like DGB could do in the near future. Honestly I am growing a bit skeptical on new higher highs vs BTC since BTCUSD is going to be quite valuable by then but ATH area should be reachable.
DGB TRIGGEREDdigibyte experiencing large volume inflow
expecting this to break up through a reverse H&S pattern
could be visiting the the old highs in the coming days
not trading advice
#DGB : Upto 300% Profits Opportunity In The Mid Term. #Accumulation_Recomendation
Pair : #DGB / #BTC
Platform : #Binance
RSI : 49
Volume : A good amount of volume circulating on the 1D chart.
**Note : #DGB was on a downward trend for such a longer time and tried to make a reversal move on Mid May which was once again rejected and goes down to the lowest points. For now it showed a very good bullish candle stick formation and seems to be breaking the falling resistance line depicted by red line. If it can continue to and close above the red resistance line it will be a confirmation for a reversal upward trend and a beginning of an elliott waves creation. MACD seems to be returning to be bullish and RSI is already in a bullish state. Further EMA is looking bullish too in favor of the bulls for now.
Current Accumulation Area : 150 sats - 165 sats
Distribution Targets
Short Term :
Target 1 : 177 sats
Target 2 : 195 sats
Target 3 : 210 sats
Target 4 : 238 sats
Target 5 : 251 sats
Target 6 : 273 sats
Mid Term :
Target 7 : 308 sats
Target 8 : 421 sats+
Stop Loss : 124 sats
Risk : High
Capital Allocation : 5%
DGBUSD Possible inverse head and shoulder pattern.If the bottom of the shoulder line can hold price we can be headed on the way up to making an inverse H&S pattern.
A break out from the top would complete the pattern and a strong run up could begin.
DigiByte Due For 67% to 86% IncreaseTrading Pair : DGB/USDT
Exchange: Bittrex
Key Support : 0.0113 - 0.012
Key Resistance : 0.015
Primary Target : 0.02 - 0.021
DGB PERSPECTIVE ON CURRENT SITUATIONafter many tests of the channel tops and bottoms
and a few failed breakouts/breakdowns
DGB is testing life outside the channel
with 50 DMA moving above down slope limits
DGB SIGNALING PATTERN CHANGEDGB price is signalling a return to higher trading range with 50 MA pushing through down slope limit
DGB 4th attempt at 18 MOVING AVERAGE OF LOWSDGB taking the 4th shot at breaking through the 18 month moving average of lows
I am thinking a higher probability of succeeding this time
DGB TESTING SUPPORT AT .015testing and confirming support at .015
this has been long term resistance
next resistance would be at .025
DGB possible scenario 6/1DGB will probably move to the downside and create
a double bottom prior to running up to the upper trend
line and attempting a break out.
Once the Breakout comes, it should go into a full bull run.
Considering BTC appears to be coming down I believe that the alts could follow suit,
optimum scenario would be for DGB to create an Adam and EVE double bottom
then attempt a full breakout after that. I think if a breakout is attempted sooner
it may fail to break out of the existing trend long term trend lines.
DGB 18 AVERAGE OF LOWS & HIGHSbounced off the 18 AVERAGE OF LOWS
HOLDING OVER THE 18 AVERAGE OF HIGHS
it very well may be bouncing up against .05 by the end of this candle
we shall see
DGB COMING UP FOR AIR - TESTING .015finally broke over .015
above 50 DMA
above 200 DMA
50 DMA crossing 200 DMA
looking to hold the .015 on the close today
Extremely bullish on DGB kindaAlmost presented without comment. But basically, last 2 times we saw a monthly "buy" on the market god indicator, thousand+ percent gains ensued in subsequent months. It's about time, too. I am still in disbelief on this one after the bull market, but the community behind DGB is strong and almost relentless, so I'm just gonna keep my bags packed. I'd add more if it weren't for personal extenuating circumstances.
Digibyte | $DGB - $DGBUSD | Are you ready for >$1 ?Exactly the same pattern from history. Will it repeat? If so we are above 1 dollar soon :)
WATCHING DGB 50 MA FOR A BREAKOUT watching for DGB to break the 50 MA
next leg up could last for weeks
DGB LONGDGB looks good, making a higher-low, decent volume down here. Dips are for buying.
Overhead we have some resistances (POC and horizontals). Personally If I were in position, I'd exit at white.
DGBBTC LONG
Total books: $1,530,024.66 (-4.75%)
Global Bids: $787,512.24 (+6.33%)
Global Asks: $742,512.42 (-16.51%)
DigiByte (DGBBTC) Wakes Up (1360% Profits Potential To ATH)DigiByte (DGBBTC) just woke up after a long, long sleep. This altcoin is one of the first to be created and a complete classic.
It normally holds really strong (no new low) and it tends to go up strong when in bull mode.
Feel free to hit like now and let's get started with this analysis... Thanks a lot for your continued support.
Let's take a closer look at the chart:
Here we have a Doji on the weekly time frame, coming up at the bottom of a trend. A clear trend reversal signal if you go by candlestick reading. Still, a few parameters need to be met but this is the signal.
We are looking at a high volume bar on a Tuesday, this is the weekly time frame we are looking at and the week is only getting started. So this week can end up being a really high volume week. We can end up with something like the highest volume in a week since July 2018.
Next is the RSI, it hit its lowest ever. Notice that DGBBTC has been available for trading on Bittrex since late 2014... So the lowest ever is quite a feast. Here you can see the chart:
This also leads to what is called "hidden bullish divergence"... I'll leave the explanation for another time.
These signals are enough for me. What about you? Is there anything that you want to share with us? Use the comments section below... and remember to hit like to show your support.
Thanks a lot for reading.
You are Divine, in every meaning of this word.
Namaste.
Dgb possible scenarioThe recent drop of dgb required a re-evaluation of the chart. Based on the present information the over all trend date has been moved back about one month, which will in turn should increase the btc run value by approximately 100 sats. As long as the new bottom holds, the August should be the new approximate run time.
