As you can see in the left 3 red circles, Digibyte has reacted strongly to the red uptrendline.
It broke trough 2 (years old) resistances with ease. (Blue and black) which suggest a strong uptrend.
Within 2 day’s I expect price to bounce out of the red circle on the right.
This move is supported by the black and red support lines and the RSI has a lot of room to the upside.
Buy between: 0.01740 and 0.01580
Stop loss under 200MA
-Invalidated if: Broke black or red support line.
-Underlying support: 0.0130 local support and 200MA
-Overhead resistance: 50MA, 0.0198 resistance in blue, 0.026 resistance in red
-Target: 0.026 resistance at previous high, or hodl.
This is for my personal record and not financial advice, you are responsible for your own actions.
Like my posts? Support with thumbs up, subscribe, comment or share.
Thanks! Stay safe!
It broke trough 2 (years old) resistances with ease. (Blue and black) which suggest a strong uptrend.
Within 2 day’s I expect price to bounce out of the red circle on the right.
This move is supported by the black and red support lines and the RSI has a lot of room to the upside.
Buy between: 0.01740 and 0.01580
Stop loss under 200MA
-Invalidated if: Broke black or red support line.
-Underlying support: 0.0130 local support and 200MA
-Overhead resistance: 50MA, 0.0198 resistance in blue, 0.026 resistance in red
-Target: 0.026 resistance at previous high, or hodl.
This is for my personal record and not financial advice, you are responsible for your own actions.
Like my posts? Support with thumbs up, subscribe, comment or share.
Thanks! Stay safe!
Digibyte bounced strongly as expected with a 15% bounce.
Monitor the overhead resistance of the 50MA closely as Digibyte will probably consolidate between de 50MA on the 4h and the support line (drawn in fat red)