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Digibyte

The priceline of DGB has spiked after completing Butterfly moveThe price action of DGB broke down the support of channel. The moon phases gave clear signal for this bearish move because new dark moon appeared at distance from the support. The pricline has also broken down the 25, 50 and 100 SMAs: The priceline has completed the butterfly pattern and took power full move to the upside from the potential reversal zone: On the monthly chart the priceline of DGB has also completed Cup & Handle pattern: In case the priceline will break down the 25 SMA on the monthly chart then it can move more down to complete the final leg of bullish Shark on the weekly chart: On the monthly chart the bearish Shark move is still in play and priceline is moving towards sell zones: The targets of bearish Shark are as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc
by moon333
2
DGBBTC a bullish reversal moveHey, friends hope you are well and welcome to the new update on Digibyte coin. Previously we have seen that the Digibyte was moving in an up-channel since April 2020. Recently the price action has broken down the support of this up channel. The price action gave two major signals before this drop. The 1st signal was if we place the volume profile indicator on the complete price action moving within this channel then we can easily observe that it was showing that there was a strong interest of the traders even below the support of the channel, and if we place the moon phases indicator then it can be clearly seen that the new dark moon was a appeared below the support of this channel. Both these indicators were giving clear indications that the price action is going to break down the support of the channel. Cup & Handle pattern: Now if we switch to the monthly chart to see what's happening on the bigger time period. The price action of DGB has completed the formation of a Cup & Handle pattern and the resistance of the cup is at 0.00000318 btc. After completion of the cup now the price action is moving within the handle. If we place the simple moving averages with the time period of 50 and 25 then we can also observe that the priceline is now moving between the two simple moving averages. At the moment the priceline of DGB has hit the resistance of 50 simple moving average and moving down to the support of 25 simple moving average. I have also placed the Fibonacci tool from the support of this cup up to the resistance. After placing this tool it is very clear that the price action of the DGB has retraced between 0.383 to 0.50 Fibonacci retracement level. At 0.50 Fibonacci retracement level we also have the 25 simple moving average support on the monthly chart. That is very strong support and it will be very difficult for the priceline of Digibyte to break down this SMA. Therefore I am not expecting that the price action will move more down than the 25 simple moving average. But if the 25 simple moving average will be broken down then we can expect that the cup and handle formation will be invalidated and we can witness a huge drop because if we switch on the weekly chart then price action is also completing the formation of a bullish Shark harmonic pattern. Bullish Shark move: On the weekly chart it can be clearly seen that the price action has retraced between 0.382 to 0.618 Fibonacci retracement level after the completion of initial X to A leg. Then priceline has projected between 1.13 to 1.618 Fibonacci projection of A to B leg and here we have received 2nd confirmation for the bullish Shark. Now as per Fibonacci sequence of this pattern the priceline of Digibyte can retrace between 0.886 to 1.13 Fibonacci level for the completion of the final leg. But the completion of the final leg depends on the breakdown of 25 simple moving average on the monthly chart that is very difficult. Conclusion: Now at one side on the bigger time period monthly chart have a complete Cup & Handle formation and on the other side on the smaller time period weekly chart we are expecting the completion of the final leg of the bullish Shark pattern. In my opinion the bigger time period pattern is more stronger and unless the 25 simple moving average would be not broken down we can expect a bullish move up to the resistance of the cup. But if the 25 simple moving average on the monthly chart will be broken down then we can witness a very massive sell off until the price action will not complete the final leg of the Shark. And from the potential reversal zone the of the Shark pattern we will see a powerful bullish rally. Therefore in any case we should use the 25 SMA of monthly chart as stop loss.
by moon333
DigiByte (DGB) Uptrend Intact (80%+ Mapped Short-Term)We just saw another shakeout take place while DigiByte (DGBBTC) retraced after a new peak was hit. Let me tell you that the uptrend is still intact. Today we ended up with a higher low for DGBBTC compared to 21-May. Right now we have early signals developing in favor of the bulls. We have above-average volume coming in. A strong bounce taking place just above EMA200. Higher low (just mentioned). The MACD starting to curve. Strong RSI. For your convenience, I marked the next target short-term... That is within 1-4 weeks. This target can also be hit mid-term, which goes from 1-3 months. Of course, the charts are always changing and can always change and that's why you need a plan before you trade. If you have any questions feel free to leave a comment. This is Alan Masters. Thanks a lot for your continued and amazing support... I love you! 🤗 Namaste.
Long
by AlanSantana
26
DigiByte (DGB) Another Wave To The Upside Is ExpectedHi friends hope you are doing good and welcome to the new update on Digibyte coin. In my previous article I showed you that the price action of Digibyte coin was at the support of an up channel. The price line of DGB is moving within this channel since April 2020. This time I was expecting that the price action will breakout the resistance. Finally the priceline started the bullish move but failed to breakout the resistance and now moving down at the support again. This was almost 50% rally. The strong support of SMAs at the support of channel: This time there are more strong chances that the price action will be bounced to the up side from the support of this channel and it will make another attempt to breakout the resistance. Because after placing the simple moving averages with the time period of 100 and 200 we can observe that the 100 simple moving average is almost at the same level where we have the support of the channel as well. The 200 simple moving average is also below the support of this up channel. A bullish Butterfly move: At the support of this channel the price action has also completed the formation of the bullish Butterfly pattern on the small-time period 6-hour chart. Let's dig this pattern deeper to see how perfect this pattern is driven. After initial leg the A to B leg is retraced between 0.618 to 0.786 Fibonacci then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg then C to D leg is retraced between 1.27 upto 1.618 Fibonacci and here we have all legs driven as required for perfect bullish butterfly. Now the priceline is entered in potential reversal zone of this pattern and from here the priceline can move up at any time. The priceline is geared up from the PRZ level as predicted last year: Now I would like to recall my previous post that I shared over a year ago in June 2019 when I predicted that the price action of DGB is forming a bearish Shark pattern and soon it will start the formation of C to D leg. I also showed the pivot support in the potential reversal zone of this bearish Shark pattern. And using this support the price action could start a powerful long term rally to the upside. This idea had potential to produce up to 1400% big bullish move. Now it can be easily observed that as predicted the price action has geared up from the pivot support and the potential reversal zone of this bearish Shark pattern and so far it has produced more than 396% profit. I am sharing the sell targets again that I have defined as per Fibonacci sequence of beraish Shark as below: Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 Aggressive targets: Sell between: 0.00000808 to 0.00000969 Conclusion: On the long term the price action is in bullish momentum but if we move to the daily chart then the price action is at the support of channel. Even though we have very strong supports of the channel and the moving averages as well therefore this report can be critical as well because if this strong support will be broken down then a short time rally can be started to the downside.
Long
by moon333
6
DigiByte (DGB) Strongly Bullish, Out Of Consolidation TriangleDigiByte (DGBBTC) is out of the consolidation triangle and is looking strongly bullish. After prices peaked 6-May, DigiByte remained really strong. The classic retrace hit a low 21-May and after this date, we've only seen higher lows. Printing slow but steady growth, which is a signal of strength, DGBBTC moved back above all EMAs and is now aiming to break the last high. With a very strong RSI... The next move can be equally strong... The next target is marked on the chart. Namaste.
Long
by AlanSantana
13
DGB DigiByte Bonfire Squared plus fundamental reasoning! I'm Bullish DGB till the end (long term). DGB is fighting hard to stay above the 45 mean (square). I'll be watching these levels and pivots closely in the future. Breaking and staying above the 45 line will be very telling. This chart shows many failsafe options depending on your risk limits. As I mentioned, I am very bullish long term for DGB but will take advantage of any and all obvious "oversold/ overbought" opportunities with a percentage of my bag. CONCEPT : After squaring (45 degrees) the price to my objective interval, drawing horizontals (levels) to touch the bottom and top of each square has been a huge advantage for me the past year or so. The probability of pivots near or on the vertical sides of boxes should be on the winning side if you read the chart pattern correctly Price action and volume is showing us a new Digibyte than we have seen in the past. Sustaining pumps and rebounds quicker than before. This is why it is important to watch the current health of DGB when its on the (45) line like this. Big moves by Bitcoin have not altered its trajectory as much as other coins. That to me is a sign of strength. From a fundamental standpoint, at .03 USD it's easy to see why many are catching on to this coin with all of it's truly decentralized features, amazing apps/wallets, blazing speed, and security. It's also a popular coin for mining which is a big criteria for me right now. Being truly decentralized is the OG antibank idea.
Long
by CaptBlackBeard