Digibyte (DGB) - Is it about to break out now ?
Keep a close watch on the chart of Digibyte (DGB). It has formed a large inverse Head & Shoulders pattern which is usually a reliable indicator of future direction. If the price can go above the neckline at around $0.12 (currently at $0.11), then the next target is likely to be $0.20 with the possibility of reaching $0.33. But first, it must break above the neckline with a large volume. This will probably be due to a news announcement, so I will be watching it with interest.
If you've come across any information on the potential developments with this coin, please share them here by commenting below. If you've found this information helpful, please consider upvoting and retweeting this post. Thanks !
DISCLAIMER: I'm not a financial adviser, nor a professional trader and nothing I say here is meant to be a recommendation to buy or sell any financial instrument. It is purely for educational purposes. Don't invest money you can't afford to lose. Always do your own due diligence before trading or investing.
Update on 27-Jan-18: Price of DGB appears to be bottoming out around 500 Satoshi (approx $0.06) which could be the last step in the formation of the right shoulder and a piercing up through the neckline around $0.12. That would be a very bullish sign for this coin.
Thank you for this informative post about DGB , Really helpful and well written @jmsm2
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Dgb short term target will hit 1000 satoshi very soon. Nice post my friend :)
Update on [email protected]: DGB is showing a sign of strength on my chart right now. If it continues up, it should double within the next 3 weeks.
@vincentb @jerrybanfield
Update on 20-Jan-18 (please see updated chart below): The price appears to be bottoming out and if it can go above the first resistance of 800 Satoshi (equivalent to about $0.1), it's likely to go up to the second resistance line at 1400 Satoshi (equivalent to about $0.18). And if it goes above that, it could easily go to around $0.32. I'll be watching the price like a hawk to see if this analysis pans out.
@vincentb @jerrybanfield @good-karma
This post has received a 1.47 % upvote from @booster thanks to: @jmsm2.
I sure hope it breaks out. This market depression is resulting in high opportunity cost for those that had positions before the drop. Hurry up and jump already.
@cryptoryno33 DGB appears to be bouncing back up today and has just given a buy signal on my charts. Looks very interesting now.
Thank you for the heads up. Much appreciated. There is a lot out there to follow.