DigiByte is an open source blockchain and asset creation platform and the DGB token was mined as a fork of Bitcoin. DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.
Anyway, it is clear that DGB was in a descendig channel/trend. After DGB broke the major downtrend line, it came down to retest the lowest low two more times; thus creating a tripple bottom. Then, DGB broke the minor downtrend line and the upward phase started.
Anyway, it is clear that DGB was in a descendig channel/trend. After DGB broke the major downtrend line, it came down to retest the lowest low two more times; thus creating a tripple bottom. Then, DGB broke the minor downtrend line and the upward phase started.
Note
So, DGB reached the first horizontal resistance area, and it seems DGB lacks momentum to break it. Most probably, DGB will retrace, correct, and gain momentum to attack this area again. Let's see what happens.
Note
So, as said before, DGB lacked the momentum to break the first horizontal resistance area, went a little up, but came down to gather momentum. It seems the correction unfolded in a descending triangle, and DGB broke it. Let's see what happens.
Note
So, it seems DGB is moving in a wide channel. Also, correction ended and DGB broke the downtrend line, and now moving in an inverted wedge pattern; currently at the bottom. Let's see what happens.
Note: this is the weekly chart.
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Just an update.
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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.