Digibyte (DGB) – Technical Analysis – 2017/06/13
Digibyte is in a correction phase in the 1 day chart and is forming an uptrend in the 1 hour chart. The volume shows us that we are in an uptrend as the moves are quick and clean whilst the correction is slow and under low volume. This opens up a possible entry scenario. We can set a buy order at 1468 and wait until it gets filled. If we do so, we should set a stop order below the new low in our uptrend in 1 hour chart or in the 1 day chart.
If our buy order will not be filled, that’s fine… we just wait for an even deeper entry point.