DGB
✳️ DigiByte [DGB/BTC] on July 19 #DGB $DGB #DGBBTCDGB is having a lot of support at the current price zone and I think it has a big chance to rise and break long-term resistance in August.
The nearest target is the 250-260sts zone and the next one is 340-350sts
I think you can use some spare money to invest long-term in DGB for the target of 500sts and 600sts by the end of this year.
However, if the price falls from 195-200s, you should consider selling half of the amount and waiting to buy back around 150sts.
DGBBTC a sleeping giant is waking upHey friends hope you are well and welcome to the new update on DigiByte. In my previous article, we have seen that the DGB was moving in a pennant and it was just reached at the resistance of this pattern and was likely to move down.
Now if we watch on the live daily chart then price action has moved down and reached the support and being consolidated at this level.
I have also placed the volume profile on the complete price action moving within this pennant. That is showing the trader's interest up to 0.00000236 btc. That is below the resistance but if you watch the moon phase indicator then the new full moon is a appeared at a very high altitude that is showing that the price action can reach up to that level. Therefore we have two different indications by two indicators.
Bill William alligator indicator has given a sell signal:
If we take a look at Bill William’s alligator indicator on the daily chart. Then the smallest time period moving average with the time period of 5 moved below all the moving averages and the biggest time period moving average with the time period of 13 has moved above all MAs. This is a sell signal but we cannot consider this signal as true unless the price action will not break down the support of the pennant that has been formed on the daily chart.
The alligator mouth of SMAs is bullish:
Now if we look at the different simple moving averages on the daily chart with the time period of 25, 50, 100, and 200. Then the price action is at the support of 25 simple moving average. And the smallest time period moving average is above all then we have the bigger one then 100 SMA and then biggest time period moving average that is 200 below all SMA's. So this is another opened alligator mouth formation by the simple moving averages that is a strong bullish signal.
The SMAs on long term chart and pivot points:
Now if we switch to the long-term weekly chart. Then it can be easily observed that the price action has strong resistance of 200 simple moving average and the support of 100 simple moving average. But if we watch below the 100 SMA then 25 and 50 simple moving averages are moving up to form a bull cross with 100 simple moving average. And this bull cross can lead the priceline to break out the 200 SMA. And we also have the new pivot point above the 200 simple moving average. Therefore there are strong chances that the price action will be moved up to this pivot point.
Big bearish Shark formation:
Now I would like to draw your attention towards it very big expected bearish Shark pattern that I posted last year. After entering in the potential reversal zone the priceline of DGB is geared up and so far it has produced more than 450% bullish rally.
As per Fibonacci sequence of the bearish Shark I have defined the buying and sell targets 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
Even though the PRZ goes up to 0.00000001 btc but the priceline found strong support at 0.00000050 btc. Therefore the PRZ goes upto this level max.
Conclusion:
On the daily chart, the price action is at the end of the pennant and the pattern is getting squeezed. Therefore it is a decision-making time for the priceline of DGB to break down or break out this pattern. And the further upward move depends on breaking out from the pennant.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
DGB idea for shrt and mid term. @Excavo whats your idea? can help with it?
Dgb is an Old and well known Coin.
not a financial advice. but.
im not saying a word about timing, but i can see possible movements and chances with aims
$DGB/BTC UpdateWe'r moving good into the cloud zone, on the move to breaking the flag pattern.
Short-term accumulate zone ahead 215-225.
SL if it breaks down and confirm (no signs of it).
DGB SYMMETRICAL TRIANGLEdigibyte spending much of its time above the 18 moving average of lows
several harmonic touches on the triangle top
price action looks like it wants to push higher
DGB breaking out!Clean breakout to the upside of the daily symmetrical triangle that's been building since the previous top, coming right after a lovely cross of the 432 MA below the 216 MA—first cross between those two since January of 2019. And the breakout candle a green 2 above a green 1 on sequential. I expect another run to new yearly highs for $DGB.
DigiByte (DGB) Might Go Lower...I shared this same chart on the weekly timeframe mentioning that bullish action is still possible...
Looking at the daily, I am getting the signals and feelings that DigiByte (DGBBTC) might go lower before doing more up.
Of course, the chart is technically bullish with prices trading above EMA10... But we are seeing lower highs, low volume, and the MACD starting to curve.
Patience is key I always say... Let's wait until we have a clear set up before we buy again for the next run.
For the first run, we booked over 300%+.
Namaste.
SparksterSignals Analysis Of DigibyteWe haven't covered DGBUSD yet. Why? Because DGB isn't good for trading? Not at all. The reason is that we are focusing on coins that we can integrate into the SparksterSignals platform at some point, based on user interest. Our integration with Binance Exchange means that we focus on coins that are available for trading on Binance. And Digibyte was recently added. The reason we're using HitBTC for the chart analysis is obviously because the coin is so new on Binance that there's no chart history there yet.
News about DGB continues to get better and the fundamentals of the project currently looks strong.
DGBUSD recently had an epic price recovery, moving above a horizontal level that now divides the chart into a clear top half and bottom half. This suggests a launching pad effect for the price and after some consolidation, on breaking out of the current triangle, we expect DGB can pull off a further 150% appreciation to reach it's previous ATH.
The weekly chart does show downwards momentum via the MACD so we're not expecting an imminent breakout just yet, but DGB is certainly on our watch list. How about you?
[Comment] DigiByte (DGB) Everywhere, What Will Happen Next? Ok, DigiByte (DGBBTC) is now available for trading everywhere but the question still remains... What will happen next?
Here we have the weekly chart after some really strong bullish action but as usual, this is only the beginning... See this chart below:
Technically, DGBBTC is full bullish.
We have prices trading above all EMAs as well as good volume and bullish indicators.
The only potential bearish 'signal', would be to expect a retrace after the growth we saw take place.
This isn't something important here since we have at least 8 candles above the strong EMA300 indicator...
This all means that DGBBTC continues to be strong and bullish.
We only consider the bearish scenario if prices break and close below EMA50 or 0.00000147.
Below this level, further red is possible before additional growth.
I always liked this altcoin... It will only become stronger over time.
This is a great long-term hold altcoin pair.
Feel free to leave a comment with your favorite altcoin pair for me to look at and share a trade idea about it... Your support is appreciated.
Namaste.
DIGIBYTE 🌀 | BREAKING: "CZ Lists Shitcoin, Can it Moon?"⚠️⚠️ DigiByte is pumping after its Binance listing. Despite its longevity and loyal following, DigiByte has struggled to get listed on the major exchanges.
However, it looks like the DGB boys may have just caught a lucky break with the recent Binance listing. On top of that, DGB also has a potential Coinbase listing coming up.
This is reason enough to look for long positions despite DGB being range-bound within a pennant.
Let's take a look at some levels for the DGB bulls and bears. First, we will look at the Hourly levels, then we will zoom out to get an overview of where DGB stands.
Hit that 👍 button to show support for the content!
Help the community grow by giving us a follow 🐣
-----
Support Hourly:
Bulls will most likely want to find an entry on DGB on the hourly S1 S/R flip above the lower trend line. If S1 holds, this is about as good an entry as you are going to get while retaining any semblance of a bullish continuation possibility short term.
If S1 can't hold, then the S2 bullish S/R flip could offer support. Although, as we will see with the daily, the bull's best bet is to break up form the current range without testing lower support levels.
Resistance Hourly:
The hourly R1 is the first point of resistance on the hourly time frame. This is right at the upper trend line and is an ideal level for the bulls to break with the strength to escape the pull of the current range.
If DGB doesn't retrace enough for the S1 entry, or for those still on the sidelines, retesting R1 as support after moving above it is also a solid level to look for an entry.
The next relevant and last real resistance in this range is the R2 orderblock formed from the breakdown from the previous swing high. If the bulls can get past this, it is off to the races.
-----
Here is the Daily timeframe chart as referenced below:
Support Daily:
The bulls will need the daily S1 orderblock to hold if they want to continue this uptrend. Ideally, bulls won't even need to test this level. However, if it comes to it, the bulls need this one to hold.
The bulls have some support of last resort at the S2 orderblock and S3 bullish S/R (Support and Resistance) flip, but retesting that previous bottom range isn't the ideal move to show strength.
Resistance Daily:
The bears will want to keep the bulls below the daily R1 bearish orderblock. Likewise, the bulls will want to break this to show strength. Either way, we are bound to have a reaction here.
If the bulls can keep it going, the next point of resistance is the R2 orderblock from the failed swing high before the bearish continuation in the 2019 downtrend.
Lastly, we have the R3 orderblock, also formed in the downtrend to contend with if bulls can make it that far.
-----
Summary:
DBG had a nice move today, but it is still range-bound consolidating within a pennant. The bulls want to break the top of the pennant with conviction and blast past the previous high to get things running. The bears will want to prevent this.
On the daily timeframe, we can see there isn't a lot of resistance to contend with if and when the bulls can get momentum. So the main focus is simply breaking out of this range.
On the bear side, breaking below S1 daily support is a bad look for the bulls and should create some nice short setups for bears. Meanwhile, testing the hourly R1 or R2 and coming back down into the pennant could be the show of weakness the bears want to see.
For now, what makes sense is for bulls to find an entry on the hourly (a test of the hourly S1 or retest of the hourly R1) and hope the listing hype can carry DGB to new heights.
Resources:
cryptoslate.com + cointelegraph.com + cryptocurrencyfacts.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
🥇156% Gain, I Continue To Hold. (DGB)💰 I added to this one for the longterm ride in early april when it sat around 70-85 Satoshis.
I continue to hold as the weekly still shows continuous green on the Crossover strategy and the ema dots. It did surge much higher and now has corrected back down. Btc is under pressure and looking sketch. I might need to close out of positions if btc decides to get rejected and start selling off. As we know the market loves to correlate.
For the most part keep it simple and hold till I get confirmation on the indicators.
Have an awesome trading day! ❤
Which altcoins do you think I should look into? Smash the like button and drop your favorite cryptocurrency in the comments down below! ⬇️
🥇MLT | MAJOR LEAGUE TRADER