DigitalNote ($XDNBTC) Bullish rebound and continuance of trend
DigitalNote (BITTREX:XDNBTC) is a OpenSource Cryptocoin project (digitalnote.org/) with market cap of $150M and circulation of 6.89 Billion / 8.59 Billion according to www.coingecko.com/en/coins/digitalnote. It is a fairly old project in crypto world and it has rebranded itself. The coin has appreciated already 800% in December and reached a peak on Xmas eve.
"DigitalNote was launched on 30 May 2014 and was previously known as DarkNote and duckNote. It started out to spread information about the new anonymous CryptoNote algorithm. On 19 September 2014, duckNote was renamed to DarkNote. On 6 June 2015, DarkNote was rebranded to DigitalNote. With the new name BITTREX:XDNBTC received new DarkNote-only unique features such as encrypted messages, encrypted transaction comments and GUI wallet transfers aggregation. The cryptocurrency symbol, BITTREX:XDNBTC have been maintained after the rebrandings." -- Coin Gecko
My analysis is based on the Boss method so MA 7 over MA 77 in 21-minute timeframe (long-term investing should use 343-minute interval). When the MA 7 crosses over the MA 77 going up it's a buy signal and it should be confirmed with other factors like support and resistance. Then one should also see where the MA 231 line is, if the line is above the 7 and 77 then the price is more likely to fail. But more here: www.youtube.com/watch?v=8vyyGehy... Then the other chart pattern here is the similarity to the XMAS bullish run where it broke the 218 satoshi level faily easily.
Targets (based on multiple-hit resistances/supports):
- 219 satoshi
- 286 satoshi
- 347 satoshi
Trade safely since the
BTCUSD
is now in upward trend and is likely to push all ALTCOINS towards the bottom. Yesterday the Bitcoin shot up 20% and hit on heavy resistance around $16k. Last night it rose to $16.5k, but dropped fairly easily to $15.5k level.
"DigitalNote was launched on 30 May 2014 and was previously known as DarkNote and duckNote. It started out to spread information about the new anonymous CryptoNote algorithm. On 19 September 2014, duckNote was renamed to DarkNote. On 6 June 2015, DarkNote was rebranded to DigitalNote. With the new name BITTREX:XDNBTC received new DarkNote-only unique features such as encrypted messages, encrypted transaction comments and GUI wallet transfers aggregation. The cryptocurrency symbol, BITTREX:XDNBTC have been maintained after the rebrandings." -- Coin Gecko
My analysis is based on the Boss method so MA 7 over MA 77 in 21-minute timeframe (long-term investing should use 343-minute interval). When the MA 7 crosses over the MA 77 going up it's a buy signal and it should be confirmed with other factors like support and resistance. Then one should also see where the MA 231 line is, if the line is above the 7 and 77 then the price is more likely to fail. But more here: www.youtube.com/watch?v=8vyyGehy... Then the other chart pattern here is the similarity to the XMAS bullish run where it broke the 218 satoshi level faily easily.
Targets (based on multiple-hit resistances/supports):
- 219 satoshi
- 286 satoshi
- 347 satoshi
Trade safely since the
BTCUSD
is now in upward trend and is likely to push all ALTCOINS towards the bottom. Yesterday the Bitcoin shot up 20% and hit on heavy resistance around $16k. Last night it rose to $16.5k, but dropped fairly easily to $15.5k level.
Trade geschlossen: Stop wurde erreicht:
I think we will not reach our targets, the volume is low and it seems to head lower still and the 180-185 resistance is too strong.
