✳️ DigiByte | Update (Name Your Altcoin #21 ✅)

Feb 8, 2023

We already looked at DigiByte long-term and also at the possibility of a sudden price jump in the range of 1-2x just to start the next bullish phase/cycle, these trade ideas are available at the bottom of this post in the 'Related Ideas' section.

Today we are going to have a closer look at the current price action at the request of one of our followers.

On the daily timeframe, we have a consolidation pattern that is almost a year long.

The black line on the chart is for MA200 while the grey one for EMA300, DigiByte has been battling with these two lines as resistance.

Yesterday a break happened above MA200 and today's price remains above this level.

The RSI is really strong and we continue seeing higher lows... All the signals are pointing towards a bullish breakout in the weeks to come.

Patience is key... The only action left is for us to wait.

The time for breakout can vary between several weeks, 1-3 to just a few days...

We can only read the signals, the market will take care of the rest.

Namaste.