AlanSantana

DigiByte Hits Support & Challenges EMA10 | Where To Next?

Long
BITTREX:DGBBTC   DigiByte / Bitcoin
DigiByte ( DGBBTC ) is one of the strongest and oldest cryptocurrency projects around, solid as a rock.

  • DGBBTC went on a strong retrace recently and finally hit support.
  • The support that has been hit is a very strong one, marked on the above chart with a blue dashed line.
  • Notice that even though this support has been hit multiple times, each time the candle close happens above the dashed line, leaving a long wick. After the support is confirmed we end up having a bullish wave.

Just three days ago this support was confirmed and now we have DGBBTC moving above EMA10, signaling bullish potential. Based on the signals mentioned above, this can be the beginning of a new bullish wave.

Targets in the form of Fib. proportions and EMAs can be found on the chart.

Feel free to leave a comment if you have any questions.

This is Alan Masters, thanks a lot for your continued support.

Namaste.

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