DGBBTC Price Sentiment & Reversal
POLONIEX:DGBBTC
After a +1000% price increase in June, DGB has been going through a long-term correction phase with key support holding significantly at 250 Satoshis. This presents a potential entry position for a long play whether short or long term.
DGBBTC
RSI also shows us an interesting pattern replaying. Strength responds in kind after a weak cycle. Consolidation from the month of August shows great uncertainty but this also signals a strong potential uptrend development incoming based on DGB history. A short term play with a buy order at 260 Satoshis and a T.P of about 600 & 800 Satoshis would be reasonable. Potential for DGB to break below its key support level is existent however the trend is our friend and in this case DGB price history tells us that the incoming bottom of 250 Satoshis to complete 100% retracement from the month of June before price reversal is the most potential play.
After a +1000% price increase in June, DGB has been going through a long-term correction phase with key support holding significantly at 250 Satoshis. This presents a potential entry position for a long play whether short or long term.
DGBBTCRSI also shows us an interesting pattern replaying. Strength responds in kind after a weak cycle. Consolidation from the month of August shows great uncertainty but this also signals a strong potential uptrend development incoming based on DGB history. A short term play with a buy order at 260 Satoshis and a T.P of about 600 & 800 Satoshis would be reasonable. Potential for DGB to break below its key support level is existent however the trend is our friend and in this case DGB price history tells us that the incoming bottom of 250 Satoshis to complete 100% retracement from the month of June before price reversal is the most potential play.
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