Technical Analysis - DigiByte
DGB/BTC - 03/30/2020


Transparency Disclaimer: 

This Technical Analysis was brought to you by DueDEX

DueDEX, registered in Belize, is a fair crypto derivatives trading platform that offers unique trading tools. The DueDEX Risk Manager ™️ is a powerful tool that allows you to easily set stop-loss, take-profit and account risk with a slider. The product is unique as the first-of-the-kind offering a comprehensive "DueDEX Risk Management" suite. It is well-designed for both professional traders and those new to margin trading.

As shown above, we will be updating the technical analysis of DGB/BTC form the 3rd of March. 



DGB/BTC has made some remarkable moves since the last update. Obviously, it has broken down significantly from the key-area of support while everything was breaking down. Right now, we have seen a bug and strong bullish engulfing after a slight bullish divergence in this descending channel. DGB has reached downtrend resistance right now and really has to show some real strength to reverse this downtrend. 




The MKAST Algorithm has signaled a Sell-Signal at the breakdown of the key-area of support. This Sell is still ongoing and has low chances of reversing if DGB is not able to close back above the previous key-are of support. Although the TJ-index is turning upwards slowly and could indicate a reversal, an experienced trader would wait for an explicit confirmation of the MKAST Algorithm or look for strong bullish engulfing, which would close above the key-area of support and the downtrend resistance. 

This Technical Analysis is made by Kong Trading. The provided Analysis should not be considered financial advice!


The content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Upblock or any third party service provider to buy or sell any cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on). Trading and investing in cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on) carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrencies, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your investment. Since


Any opinions, news, research, analyses, prices, or additional information contained on this website is provided as general market commentary and does not constitute investment advice. Upblock will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed on this Site are owned by the respective writer and should never be considered as advice in any form.