DGBUSD , DigiByte would probably begin a new uptrend !!
DIGIBYTE/DOLLAR Technical analysis: DigiByte/Dollar is in a range bound and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 39.
Trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *Price is in the Buy Zone (0.023 to 0.011), we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.023) Ending of entry zone (0.011)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Weekly Update: TP2 hit with 13481860 profit in 38 days..!! DigiByte/Dollar New trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *There is still possibility of temporary retracement to suggested support zone (0.023 to 0.011), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.023) Ending of entry zone (0.011)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 0.02017274(day close price) based on the reversal candle ( Hammer ) at 03.18.2018. Total Profit: 13481860 Closed trade(s): 2765452 Profit Open trade(s): 10716408 Profit
Closed Profit: TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit. TP2 @ 0.037 touched at 04.20.2018 with 1682726 Profit. 1082726 + 1682726 = 2765452
Open Profit: Profit for one trade is 0.03803342(current price) -0.02017274(open price) = 1786068 6 trade(s) still open, therefore total profit for open trade(s) is 1786068 x 6 = 10716408 All SLs moved to Break-even point.
Technical analysis: DigiByte/Dollar is in a range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 65.