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DGBUSDT

DigiByte Enters Accumulation Phase (200%+ Potential Profits)Looking at DigiByte (DGBUSDT) we can see high volume 12-May, high volume 7-June and high volume yesterday, 16-July. Yesterday's price action is very telling. We have strong bear volume yet prices remain above EMA10. When we see a pair trading near support with high volume yet its price remain ranging, this tells us that this pair is in the accumulation phase. What follows the accumulation phase is a breakout... Namaste.
Long
by AlanSantana
1
Digibyte, possible uptrend?Hello fellow traders, Not gonna lie, I'm big fan of Digibyte, huge network, one of the fastest ones, along with XRP it actually could have some use in real world, but that rarely plays a role in crypto culture considering folks buy these dog coins. I think this formation you see could be seen as Inverse Head And Shoulders pattern. They're rarely perfect so you can see it's a bit angled, but along with symmetrical triangle that got created I think I'll take a shot and put my entry if it breaks above yellow line. Symmetrical triangle if you connect highs and lows, you'll get the pattern, symmetrical triangle can be both bearish and bullish, however we gotta look at volume. You can see that volume is much higher when coin's doing an short term uptrend in comparison with short term downtrends. So if you'll consider entering take care of breaking yellow line and that it's broken with solid volume. Trade safe guys, This is just an idea, far from financial advice. Always do your own research and learning. If you like the idea, hit that follow button for occassionally more ideas.
Long
by TradingInformator
DGB- good wedge formationHello everyone The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days. On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and go up to resistance level 0.027$. P.S. : Wedge pattern is more likely to have a reaction,because of higher time frame , and volume.
by HubAlgo
1