WgrCryptoGuy

Digibyte Daily Timeframe Analysis

BITTREX:DGBBTC   DigiByte / Bitcoin
Analysis
1 - Rsi is oversold. Lower daily RSI since Aug 2019 (450 days)
2 - Very low MACD. Lower MACD since May 2019 (534 days)
3 - Low Stoch RSI.

Resistances and supports
1 - Strong support at 130 sats.
2 - Strong resistance at 200 sats.
3 - Strong resistance at EMA 200.
4 - Strong resistance at RSI red line (62 level, at this moment)

Opinion
1 - If you want to play safe, enter in daily candle closing above 62 rsi / above EMA 200.
2 - If you want to get cheap and increase your profits in the long run, buy now and buy in the next dips (if they occur).
3 - Digibyte is an amazing project and have a great future. The price may drop a little further, but in my opinion, this is a long term game.
4 - I never bet against Digibyte in long term. In my vision, is a very good opportunity to buy cheap.
5 - I'm accumulating more!

Cheers
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