Dgbanalysis
IS DGB READY FOR NEXT PRIME 80% MOVE !!Welcome to this quick DGB//USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello, members welcome to DGB/USDT quick chart analysis by CRYPTOSANDERS.
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this motivates me to bring this kind of analysis to you all let’s get back to the chart.
As we can see in the above-mentioned chart that DGB/USDT is currently trading inside the triangle pattern and above the red, yellow, and blue MA.
So here we are expecting a break out soon, and for taking positions we should wait for the confirmation which will be the the retest of upper trend line after the break out.
If it moves down and breaks down the lower trend line then this chart will be invalidated.
Entry:-$0.03410,$0.03510
Target:-50% to 80%
Stop-loss:-$0.03299
with leverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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DGB (DigiByte) Coin Analysis 20/03/2021Fundamentals:
DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).
A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.
DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.
DigiByte is a modification of Bitcoin which aims to diversify security, speed and capacity possibilities.
Its first incarnation was as an open source blockchain and associated cryptocurrency, DGB. The network has five separate algorithms which help to maintain security and help prevent ASIC miners from commandeering too much power.
Later, another offering, DigiAssets, appeared, with DGB as its native token. DigiAssets appeals to those developers looking to launch digital assets, decentralized applications (DApps) and encode the necessary corresponding smart contracts.
All governance structures for DigiByte are run on a voluntary basis, in line with the thesis that the network should be open source and publicly accessible. Transaction fees in DGB are paid to miners for validating the blockchain.
DigiByte was created by Jared Tate, also known as “DigiMan,” who oversaw its metamorphosis from development to its current setup before announcing that he was temporarily retiring from his position in May 2020.
Tate has since returned, and as of September 2020 once again appears closely involved with DigiByte’s growth.
Tate’s biography states that he was involved with Bitcoin from 2012 onwards, and authored the first book written by a blockchain founder, “Blockchain 2035: The Digital DNA of Internet 3.0.”
DigiByte’s operations depend not only on developers, but also the DigiByte Foundation, a volunteer organization tasked with overseeing preservation of the project. A third group of volunteers, the DigiByte Awareness Team, is responsible for marketing and promotional activities.
Technical Analysis:
Hidden Bullish Divergence with MACD Histogram which is the sign of trend continuation
3TP done By Fibonacci Projection
DGB is at a very Good Price to be Purchased 20/02/2021as we can see the asset has moved up from its accumulation zone and we can see the up trend is at a very good pace with long bullish candles,
we can simply Target the 161.8% and 261.8% of the Fibonacci projection as they are the most prone points to be targeted
please comment your opinion