Hi friends hope you are well, and welcome to the new update on Digibyte (DGB).
On the daily chart, the price action of the DGB is completing the last leg of the bullish Butterfly pattern and soon it will be entered in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Butterfly pattern should be:
Potential reversal or buying zone: 0.00000067 to 0.00000054 btc
Fibonacci projection or sell zone: 0.00000077 to 0.00000101 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000054 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 998%, and the loss possibility is only 27%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the daily chart, the price action of the DGB is completing the last leg of the bullish Butterfly pattern and soon it will be entered in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Butterfly pattern should be:
Potential reversal or buying zone: 0.00000067 to 0.00000054 btc
Fibonacci projection or sell zone: 0.00000077 to 0.00000101 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000054 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 998%, and the loss possibility is only 27%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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.
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.