DigiByte Technical Analysis

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Dear Promising Traders, DigiByte seems to have tested the notorious resistance that we are discussing since the first day of these Technical Analysis videos!
The bad opening of today’s candlestick is showing some struggling, which is normal.
On a positive side we have RSI trending up and I foresee a better chance for a breakout of the resistance line, hence following the channel that was spotted since the first day, rather than falling again to the previous support.
At this time I would advise prudence as DigiByte has proven to be a very volatile currency and unless we have a clear opening and closing above resistance I would not enter a position, even though this could mean missing the opportunity, but in capital preservation this is essential as there are going to be plenty of opportunities.

Thanks for reading ;o)

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DigiByte Technical Analysis

#DigiByte #crypto #DGB

DigiByte Technical Analysis – June 20 2019

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Kane Dane