Digibyte (DGB) Breaking Out Above Resistance LinesteemCreated with Sketch.

in #digibyte7 years ago (edited)

Digibyte has had a long downtrend, too, just like NEM, but it's now looking to be breaking out above the resistance trend line.

dgb-breakout-july-4.PNG

For confirmation we also have a bullish pattern made out of a hammer candlestick followed by a bullish candlestick that opens above the close of the hammer candlestick. I would suggest to stay in the trend for at least a week, as the upside could be very significant. However, re-evaluate how the price is moving on a daily basis.

dgb-hammer.PNG

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