DGBBTCThis chart shows divergence on the Stochastic RSI and has resulted in many good trades previously. For this set up we will target the 100 moving average.
DGBBTC
DGB/BTC Long Postion Hey All Crypto Traders !!!
I am Sharing My idea DGB/BTC it is Long Position. It is 1 Day candle Chart Closing Triangle on 15date 1day candle, the Up Arrows Showing it will Jump High after 16date and before 18 date ..
Tp 653
Tp 840
Note :- Trading is Always Risky Dont Put all Money in one coin Always try to buy from Down means lowest Satoshhi
Comments and Discussion are Always Welcome
DGBBTC Breaking out!DGB has broken key supports and is now setting up a bull run. Lets see where the first blast takes us as it is moving fast.
DGB Trading ScenarioHello,
Third charts of the day, and this time it’s for Digibyte (DGB).
Similarly to most altcoins, DGB/BTC took an important (but waited and quite due) correction after going from 20 in March to its all time high at 2600 in June (130x growth). Today DGB/BTC trades around 520 which represents 80% in retracement.
But with BTC coming back on its feet and with the current chart setup of Digibyte, good opportunity of trading could come.
Indeed, on the chart you could see that DGB/BTC is inside a descending broadening wedge (black line) which is a bullish pattern because it tends to break upward.
DGB is also inside a small triangle (the orange one) and a bigger triangle (between the bottom orange line and the top black line). The orange triangle should resolve today or tomorrow. If it break upward, we will likely have a stop at 600 and maybe test the black top line of the wedge. If the wedge breaks up we may have a good upward movement to test small resistances on the way (635, 710, 740, 794) before going to 900 where a fib resistance remains.
But if the wedge breaks downward we will see a down movement to 430, and then 367 and 294.
On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD didn’t give a strong buy signal because they don’t concord at the same time. One normal signal was given at 383 one month ago and another small one two day ago at 520 (where we stand at the moment).
In conclusion, It may be a good time to buy some cheap DGB when the orange triangle breaks upward for a safer buy.
DigiByte Long OpportunityThe price reached a strong support zone formed by the uptrend line and the support level. RSI is in the oversold zone and it's going to confirm price reversal. The market has potential for a good upward movement. In order to entry the market more safely, we should use a breakout signal. Pending orders for buy must be placed above the local swing high. If the market reverses from the support zone, then breaks the downtrend line and moves above 0.00000580 level, we'll open long trades and get an additional confirmation of further upward movement. Stop orders should be placed below the uptrend line. This is a long term trading with profit targets at 0.0000200 and 0.0000260 levels.
DGBBTC Aug 5New update for DGBBTC
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
DGBBasically DGB is awaiting attention, waiting for major trend reversal, current breakout could be fake without 4h stochRSI reversal
DGB possibilities. Triangle as most trustful pattern in crypto.2 scenerios
1. Smaller, but more comfortable.
I think it's less likely for breakout, more likely for breakdown.
2. Big Daddy.
Huge support. Breakdown or Breakout depends on cryptocurrency condition. Considering BTC as a bubble, which more people each day assume, may end up on the floor.
In the other hand if btc is going to stay high it may be a GIANT bull run.
Time will tell.
DGBBTC DigiByte Market AnalysisDGBBTC from the daily chart passed from downtrend to range market, but still not in a bullish zone. Support has not been tested enough yet.
In the 4 chart, however, a symmetrical triangle has been formed with a possibility of short term profit after triangle break. Look for bullish indicators before placing your order, and confirm with at least to bullish candles. Triangle may break after Segwit, 8/2.
Is good time to go short if you are holding profits, if not, wait for the triangle to break.
Also, you can go long over 659 after triangle break.
WNZ
Free updates and analysis of the cryptocurrency market: t.me
DGBBTC Recovery trendHeading into the 3rd wave up from the harsh correction.
My optimism always comes out in the charts it seems.
This wave will test the 796 resistance line with potential tall shadows to 825. 20% - 30% rise
(We could see resistance from the Red Cloud at the 721 level which would be supported then again at the 676 support)
Quick correction back to the 722 long term trend line and cloud support. 10% correction
Then on the test the previous high and long term resistance at 868 with tall shadows to 895. 20% - 30% rise
I AM NOT AN EXPERT. Still learning.
Let me know what you like and don't.
Can get a little busy. I am working on a simpler long term template.
DGBBTC Recovery SupportOn a 2 hour chart XRP found support on the uptrend line and from the Ichi Leading A cloud. Wave 2 should present itself after a climb to last nights high.
