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 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: youtube.com/watch?v=8vyyGehyLGQ. Then the other chart pattern here is the similarity to the XMAS bullish run where it broke the 218 satoshi level faily easily.
Trade safely since the COINBASE: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
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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.
I sold my DigitalNote at 184, so all out currently.
Jaquatech
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Seems like we bottomed out at the same 141 level as before, then some indecisiveness over the night and now again going back up. The volume seems to be rising again. I think the 180-185 level will be first resistance and then 215-220 level next. The MA 7 needs to cross MA 77 and MA 231 to really and in 21-minutes interval we are soonish there tradingview.com/x/Cvx1Pnh8/. On the 77-minutes we are over the middle point and MA 231 is still just gaining.
Jaquatech
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Hmm.. The bottom went further but is now coming back up. So my 170-175 range was still on the top of the range, since it went all the way to 155 satoshi's. It seems to be covering up and gaining volume, which was low today anyways. I am still keeping my targets in tackt seems like we are now back in trend.
erikmeduso
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Abandon the ship then?
Jaquatech
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Failed to get my 172-175 buy in so had to move bit up to 183 satoshi, Bitcoin just dropped a support and heading to $14300 or lower
Jaquatech
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Looks like there maybe more to go down than 180 satoshi, I tried to fly but failed few times.