DGB Pennant- 40% Gain Ahead! A little late on this one so I will keep it short, I went long on DGB and I am aiming for a 40% gain on this trade, With a tight stop loss as BTC could slash out and ruin my trade!
I am always learning so if you think there is something I would do good with knowing, leave it in the comment down below!
Always use a stop loss.
DGBBTC
Digibyte current scenarioDigibyte 2 possible scenarios:
1) breake above descending triangle
2) breake below descending triangle
Notes:
1 - We have strong support at 175 sats (green line - 50 days uptrend)
2 - We have strong resistance at 55 RSI (yellow line) + 185 sats
3 - Neutral MACD
The next hours will be very important to decide the next dgb movements
Digibyte 4h Chart UPDATEDigiByte 4h Chart UPDATE:
1 - The prior chart still valid! I'm just detailing my vision.
2 - We can see 28 days RSI resistance (yellow line).
3 - To view a great movement, DGB need break above 60 RSI.
4 - Possibility to complete an inverted head and shoulders.
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Cheers
Bullish Flag Formation (4h chart)The prior chart still valid! I'm just improving the vision.
1 - We didn't seen any flag breakout yet.
2 - EMA 50 / 200 didn't cross (very bullish signal).
3 - Green line = 45 days uptrend.
4 - Break above the ORANGE line = BULLISH signal
5 - Break below the green line = BREARISH signal
6 - First support - red line
7 - Second and strongest support - green line
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Cheers.
#DGB SECOND UPROUND BY JUNE15 ,IIIRD BY JAN 2021 & TEST 2000 SATIN DAILY CHART 21 SMA EXPECTED TO TOUCH 200 SMA DOWNWARD AT AND AROUND 150 AND 160 SAT BY 15 JUNE IT IS MARKED IN MAIN CHART BY YELLOW SQUARE AND AT DIVERGENCE CHART AS WELL BY VERTICAL LINE. THEREFROM IT WILL TAKE SECOND ROUND OF UPWARD MOVEMENT TILL IT REACHES AROUND 500 SAT AND THEREAFTER IT WILL BOOM IN JAN MID 2021 TO MOON MAY CROSS 2000 SAT ALSO.
Bullish Flag Formation (4h chart)As I said in my preview post, "we have a possibility of bullish flag formation, if DGB breaks below 210 (under pennant), but hold above red/orange line."
Now, we have a bullish flag formation.
If candle close above 215, DGB will turn bullish.
If candle close under 185, DGB will turn bearish.
Support at 190 (EMA 200 + flag bottom).
EMA 50 / 200 didn't cross (very bullish signal).
Very strong resistance RSI at 60, DGB will need a large volume to break that level.
I hope you enjoy this update.
Digibyte 4h UpdateAs I said in my preview post, we have a strong RSI resistance at 60 level and other strong resistance at 220 sats (both were clearly marked on the chart).
If Digibyte breaks these two resistances, a big upward movement will be expected.
1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - Pennant formation
2 - MACD going up
3 - RSI fighting to break the resistance (+-60)
4 - Support at 190 sats.
If Digibyte climb above 225 sats (candle closing above 225 sats), a great upward movement is expected (uptrend reversal)
Digibyte 4h Chart1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - MACD going up
3 - RSI fighting to break the resistance (+-60)
3 - I believe that we can have a retest on the downtrend parallel channel (marked in green)
Support at +- 200 sats.
If Digibyte retest the parallel channel and climb above 220 sats, a great upward movement is expected (uptrend reversal)
DGB/BTC (Strong Bullish Uptrend)DGB/BTC
-cross ultimate indicator signal Long priority
-a strong breakout above multiple local resistances
-very clear market change to an uptrend
-next upside target is 325s
-if immediate support at 181s will hold
-we might see another leg up
-currently, daily consolidation is on the way