Digibytes next move

Digibyte has made a nice jump right before christmas and seems to be preparing for the next run. Consolidation went down to 360 where the chart crossed the former upper channel. It has found solid support down there and already climbed its way half back from where it was performing the MA Cross yesterday.

Crossing the MA20 line as well as the former upper channels top trendline might be a strong signal for our next move. For the breakout to happen, we need another MA20/50-cross as this has been our indicator serveral times now and has not disappointed yet.

Buy-In:
400-450 (as low as you can still get).

Targets:
620 sats (former ATH)
810 sats (potential new high)

Stop/Loss:
340 sats - we would be falling out of the lower channel by then. 250 and 200 should be good re-entry levels!

Trade ist aktiv:

DGB is performing a double bottom on the bottom trendline of the upper channel, this is exactly where we wanna buy some more DGB. MA50 crossing the upper trendline might be a good signal for a short-term trend reversal just like the one we got a couple of hours ago when MA20 crossed that line. Even if there is not breakout happening right now, there is at least a 10-15 % accumulation chance (390 up to 450 sats)

Kommentar:

Quick update: DGB-USD pair is showing us a beautiful double bottom at 6 cents which has been resistance before (21th of december). With MA20 and 50 crossing soon, we might see a next move upwards soon!

Kommentar:

Trendline crossed both MA20 and 50. This might be another upward movement. Same on XVG which might be another signal for us!

Kommentar:

USD looks beautiful as well!