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Digibyte: A possible outcome
Digibyte has been a tough one due to uncertainty. Sometimes we need to step back to see the bigger picture. It looks to have created two giant head and shoulder patterns (I only outlined the second one). Could we see a third one form in the coming months?
A thought: Digibyte reached a peak of around $0.065 then fell all the way down, almost to where it began it's accent upwards but not quite creating a H & S on an upward trend. What I'm suggesting is that it will slowly make it's way back up to retest $0.065 with a healthy growth this time, then retracing down a bit to go even higher surpassing $0.065.
A thought: Digibyte reached a peak of around $0.065 then fell all the way down, almost to where it began it's accent upwards but not quite creating a H & S on an upward trend. What I'm suggesting is that it will slowly make it's way back up to retest $0.065 with a healthy growth this time, then retracing down a bit to go even higher surpassing $0.065.
Nota
If it does finish forming an inverted Head & Shoulders then we have seen the head has already hit the floor and we are beginning to form the right shoulder.First target is a $0.018 but watch out for resistance at around $0.015
Keep in mind inverted Head & Shoulders are powerful and can send a coin sky rocketing.
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.