With the announcement that coinbase is possible listing digibyte and the listing itself of binance we saw some moment building for digibyte.
We can see a large pennant forming from the beginning of May to the end of June.
If we look to the RSI we can also see a pennant forming since the news of the new listing.
On the Daily frame we also have a MACD-cross playing out.
With al the above considered, i think we will have a big move playing out next week.
If price and the RSI breaks the pennant with volume picking up we will have a confirmation of the coming uptrend.
And when you really want to be cautios you can wait to break the resistance of 257 satoshi and a possible retest as support of this level.
With the considerable height of the pennant ik think we can see a large jump tot the resistance of 449 satoshi.
We can see a large pennant forming from the beginning of May to the end of June.
If we look to the RSI we can also see a pennant forming since the news of the new listing.
On the Daily frame we also have a MACD-cross playing out.
With al the above considered, i think we will have a big move playing out next week.
If price and the RSI breaks the pennant with volume picking up we will have a confirmation of the coming uptrend.
And when you really want to be cautios you can wait to break the resistance of 257 satoshi and a possible retest as support of this level.
With the considerable height of the pennant ik think we can see a large jump tot the resistance of 449 satoshi.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.