DGB Potential Longterm

lightknight (21)in #digibyte • 7 years ago (edited)

Note: Amateur/rookie opinion.

The timescale of DGB price movement will ultimately depend on BTC/USD price movement

Fundamentals:

-Some of the fastest and lowest transaction fees among any of the UTXO cryptocurrencies (personally transfer value between exchanges using DGB if listed)
-Soon to be first blockchain wallet to allow sending SegWit transactions from a GUI interface -0.20% with latest version update (addresses will start with db)
-DGB Go integrated chrome browser wallet will also be released soon
-Integration with Dapps, Digisign & Digishield

Technicals:

-Fractal #2 finishing a descending wedge just as was the case for fractal #1 ( bullish )

-long-term cup and handle formed ( bullish )

-Price to still drop slightly before upward movement begins, buy zone roughly +-230-267 DGB/BTC before volume returns and price bounces

Opinion:

Bullish: short-term bearish continuation before long-term price rise, dependent on BTC/USD

Original chart on Tradingview:
https://www.tradingview.com/chart/DGBBTC/gBa8IkRH-DGB-Potential-Longterm/

BitMex sign-up link for 10% off trading fees if interested:
https://www.bitmex.com/register/Fdx46u

#dgb #technical #analysis #crypocurrency

7 years ago in #digibyte by lightknight (21)

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