New Year's look into Digibyte
Happy New Year folks!
Time to have another look at DGB. We can see a beautiful channel upwards DGB has been moving in for the past three weeks. MA20 has been supporting that channel on its lower trend line which defines our recent support. With all the BTC movement going on in december, it is impressive that this coin has managed not to fall below this trendline. From here, we have a new trading opportunity for the next movement! Support and resistance may meet tomorrow night (as shown in the chart), which might be a signal for a potential breakout. MACD lines are dancing around each other, which usually means it's decision time. Since support looks really good, I'd rather go long than short!
Buy:
More Risk: 500-530
Less Risk: 570 (after breaking Resistance at 550)
Targets:
T1: 660 (upper trend line)
T2: 890 (new potential high right below 1.618 fib.)
Stop/Loss:
For early buyin: 450
For buyin after signal: 480
For longterm-holders, I can only suggest you to HODL! DGB is just getting started for this new season!
Time to have another look at DGB. We can see a beautiful channel upwards DGB has been moving in for the past three weeks. MA20 has been supporting that channel on its lower trend line which defines our recent support. With all the BTC movement going on in december, it is impressive that this coin has managed not to fall below this trendline. From here, we have a new trading opportunity for the next movement! Support and resistance may meet tomorrow night (as shown in the chart), which might be a signal for a potential breakout. MACD lines are dancing around each other, which usually means it's decision time. Since support looks really good, I'd rather go long than short!
Buy:
More Risk: 500-530
Less Risk: 570 (after breaking Resistance at 550)
Targets:
T1: 660 (upper trend line)
T2: 890 (new potential high right below 1.618 fib.)
Stop/Loss:
For early buyin: 450
For buyin after signal: 480
For longterm-holders, I can only suggest you to HODL! DGB is just getting started for this new season!
Nota
[img]BTC pump let DGB fall out of the triangle (like I jinxed it...). But before the triangle closes in, there is another opportunity opening. If it can push through the triangle, we will see our next move. MACD (4h) crosses, which might be the signal we have been waiting for! Good luck!
Nota
[img]DGBUSD chart. We can see DGB trying to cross the 0.075 $ mark which has been a crucial resistance many times before. If we can close above with a green candle, we might be good to go!
Nota
[img]Crunchtime! A little push might get the bolder rolling!
Nota
[img]Broke out of the triangle beautifully! DGBUSD has found it's grip above 0,08 $ and is ready to get us rolling! Next candle could be huge!
Nota
Forgot the Bollinger Bands:[img]
Dagangan ditutup: sasaran tercapai
Target 1 reached!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.