Digibyte - StarshotThis is the bullflag i was talking about from my last digibyte post regarding the BTC pair
It looks beautiful
I expect a bounce off the Gann line
Digibyteethereum
DigiByte - A closer lookDigitbyte has formed a large symmetrical triangle
Within the triangle falling wedges can be seen
These wedges are extremely bullish, especially when placed above the symmetrical triangle
This is a buy, I am long
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.
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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.
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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.
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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! ✨
ETHBTC Long comparisonLong comparison of Digibyte which has reached the 1.618 line
and ETHBTC which is yet to reach the line
I expect to see what is happening to DigiByte at current, to happen to ETH during that time
Included some long term targets for ETH which i think are reasonable..
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000040 to 0.000036). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000040)
Ending of entry zone (0.000036)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000460
TP2= @ 0.0000530
TP3= @ 0.0000604
TP4= @ 0.0000767
TP5= @ 0.0000899
TP6= @ 0.0001031
TP7= @ 0.0001219
TP8= @ 0.0001459
TP9= Free
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000040 to 0.000036). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000040)
Ending of entry zone (0.000036)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000460
TP2= @ 0.0000530
TP3= @ 0.0000604
TP4= @ 0.0000767
TP5= @ 0.0000899
TP6= @ 0.0001031
TP7= @ 0.0001219
TP8= @ 0.0001459
TP9= Free
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00004050 to 0.0000360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004050)
Ending of entry zone (0.0000360)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000460
TP2= @ 0.0000530
TP3= @ 0.0000604
TP4= @ 0.0000767
TP5= @ 0.0000899
TP6= @ 0.0001031
TP7= @ 0.0001219
TP8= @ 0.0001459
TP9= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.
.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00006540 to 0.00006070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00006540)
Ending of entry zone (0.00006070)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00007720
TP2= @ 0.00008310
TP3= @ 0.00009030
TP4= @ 0.00010340
TP5= @ 0.00012210
TP6= @ 0.0001458
TP7= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.
.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00006540 to 0.00006070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00006540)
Ending of entry zone (0.00006070)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00007720
TP2= @ 0.00008310
TP3= @ 0.00009030
TP4= @ 0.00010340
TP5= @ 0.00012210
TP6= @ 0.0001458
TP7= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DIGIBYTE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00016500)
Ending of entry zone (0.00013250)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00007720
TP2= @ 0.00008310
TP3= @ 0.00009030
TP4= @ 0.00010340
TP5= @ 0.00012210
TP6= @ 0.0001458
TP7= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DIGIBYTE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00016500)
Ending of entry zone (0.00013250)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00007720
TP2= @ 0.00008310
TP3= @ 0.00009030
TP4= @ 0.00010340
TP5= @ 0.00012210
TP6= @ 0.0001458
TP7= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DIGIBYTE/ETHEREUM is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000771 to 0.00006860). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000771)
Ending of entry zone (0.00006860)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000903
TP2= @ 0.0001034
TP3= @ 0.0001221
TP4= @ 0.0001458
TP5= Free
There is a possibility for the beginning of an uptrend in DGBETHThere is a possibility for the beginning of an uptrend in DGBETH
Technical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.0000686). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00016500)
Ending of entry zone (0.0000686)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000903
TP2= @ 0.0001034
TP3= @ 0.0001221
TP4= @ 0.0001458
TP5= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DIGIBYTE/ETHEREUM is in a range bound and the resumption of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000771 to 0.0000686). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000771)
Ending of entry zone (0.0000686)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000903
TP2= @ 0.0001034
TP3= @ 0.0001221
TP4= @ 0.0001458
TP5= Free
A trading opportunity to buy in DGBETHTechnical analysis:
. DIGIBYTE/ETHEREUM is in a range bound and the resumption of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000771 to 0.0000686). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000771)
Ending of entry zone (0.0000686)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000903
TP2= @ 0.0001034
TP3= @ 0.0001221
TP4= @ 0.0001458
TP5= Free
