DigiByte vs Tether - Lots Of Room Available For Growth!Here we can see that DGBUSDT (DigiByte) is still trading below EMA50, which can be considered bearish.
Also, the MACD is not yet bullish and the RSI below 50, some small bearish signals...
Yet, positive horizon.
The charts can change fast anytime, any day.
DGBUSDT has been printing higher lows since June, which is bullish.
Other Altcoins that tend to move together with this one already moved.
We also have experience with dozens of charts that looked just like this one but now instead of below EMA50 prices are trading high above it.
The bullish sentiment is strong.
DigiByte might just be getting ready to grow.
This is not financial advice.
All the information I share is for learning/entertainment purposes only.
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DGBUSDT
DGBUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 0.058 - 0.07- 0.09
after first target reached move ur stop to breakeven
stop: ~0.04 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
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Digibyte - Current PostureA review of the posture of Digibyte, following the completion of three corrections, printing three successively higher-lows.
In terms of Elliott Wave analysis, there are two interpretations:
DGB has now completed a Wave 4 and commenced a Wave 5; or
DGB has completed a Wave 2 and just commenced a Wave 3.
Either case is bullish and is well supported by the MACD crossing bullish and the RSI sitting comfortably in neutral territory. Looking at the the Fibonacci projection of the correction on this standard scale chart and two targets present themselves:
$0.278 at the 1.618 resistance line
$0.336 at the 2.0 resistance line
Of course there are higher levels, but they will become exponentially less likely the longer DGB remains under $0.185.
What do you think? How high can DGB rally to complete this next impulse wave higher?
DGB/USDT SELL SIGNALThe market has been tricky the last couple of weeks, providing a relatively wide range trading for most cryptocurrency pairs. However, sooner rather than later the range trading will be over. The DGB price action is much weaker than most coins, thus it can be dumped further during the next week.
DGB below resistance#DGBUSDT
$DGB rejected from resistance zone, and it is trading below descending resistance, also it is still above a support zone that is between 0.618 and 0.786 fib of last swing high.
#DGB price needs to break out from descending resistance zone to start a new rally.
if price going to make a AB=CD pattern, the long term target can be $0.2, which is 250% increase from here.
DGB broke out strong resistance#DGBUSDT
$DGB broke out from strong resistance zone, and today is going to confirm it as support, good price to buy.
in my opinion #DGB will have increase at least 30% to touch $0.102
if price continue its uptrend and break out another resistance zone and close above $0.13, I think price can easily reach $0.2 (which is 160% from here)
DGB; WAITING FOR CONFIRMATION No idea about this project but chart looks good enough for me, price currently consolidating inside the FEB21 range and fighting against mid range, still needs to clearly close and consolidate above purple for confirmation, but once we get there that's a clear long for me to those objectives in chart. First one is the high range of feb, second one is the mid range from 2021 highs. Stop will be given once we get the reclaim, for now this should not close back below 0.06$ area.