DIGIBYTE - DGB/USD

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Type:	Cryptocurrencies
Ticker:	DGBUSD
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DIGIBYTE - DGB/USD - 1H - Technical analysis published on 12/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.013918 USD

My targets

0.016170 USD (+5.74%)

0.017686 USD (+15.66%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DIGIBYTE - DGB/USD as long as the price remains well above 0.013918 USD. The buyers' bullish objective is set at 0.016170 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.017686 USD. If there is any crossing, the next objective would be the resistance located at 0.019149 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DIGIBYTE - DGB/USD rating is 0.015292 USD. The price registered a decrease of -0.38% on the session with the lowest point at 0.015122 USD and the highest point at 0.015350 USD. The deviation from the price is +1.12% for the low point and -0.38% for the high point.

0.015122

0.015350

0.015292

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DIGIBYTE - DGB/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of DIGIBYTE - DGB/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.013056	0.013918	0.015292	0.015337	0.016170	0.017686
Change (%)	-14.62%	-8.99%	-	+0.29%	+5.74%	+15.66%
Change	-0.002236	-0.001374	-	+0.000045	+0.000878	+0.002394
Level	Major	Minor	-	Minor	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.013692	0.014089	0.014720	0.015117	0.015748	0.016145	0.016776
Camarilla	0.015068	0.015163	0.015257	0.015351	0.015445	0.015540	0.015634
Woodie	0.013809	0.014148	0.014837	0.015176	0.015865	0.016204	0.016893
Fibonacci	0.014089	0.014482	0.014724	0.015117	0.015510	0.015752	0.016145

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007058	0.007456	0.007778	0.008176	0.008498	0.008896	0.009218
Camarilla	0.007902	0.007968	0.008034	0.008100	0.008166	0.008232	0.008298
Woodie	0.007020	0.007437	0.007740	0.008157	0.008460	0.008877	0.009180
Fibonacci	0.007456	0.007731	0.007901	0.008176	0.008451	0.008621	0.008896

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007387	0.007621	0.007860	0.008094	0.008333	0.008567	0.008806
Camarilla	0.007970	0.008013	0.008057	0.008100	0.008143	0.008187	0.008230
Woodie	0.007391	0.007622	0.007864	0.008095	0.008337	0.008568	0.008810
Fibonacci	0.007621	0.007801	0.007913	0.008094	0.008274	0.008386	0.008567

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.63
MACD (12,26,9):	0.0000
Directional Movement:	17.056910
AROON (14):	64.285715
DEMA (21):	0.014985
Parabolic SAR (0,02-0,02-0,2):	0.014723
Elder Ray (13):	0.000177
Super Trend (3,10):	0.014508
Zig ZAG (10):	0.015140
VORTEX (21):	1.0774
Stochastique (14,3,5):	67.84
TEMA (21):	0.014893
Williams %R (14):	-35.11
Chande Momentum Oscillator (20):	0.000396
Repulse (5,40,3):	1.3118
ROCnROLL:	1
TRIX (15,9):	-0.0457
Courbe Coppock:	1.85

MA7:	0.012154
MA20:	0.009457
MA50:	0.008341
MA100:	0.008037
MAexp7:	0.015043
MAexp20:	0.014948
MAexp50:	0.014479
MAexp100:	0.013007
Price / MA7:	+25.82%
Price / MA20:	+61.70%
Price / MA50:	+83.34%
Price / MA100:	+90.27%
Price / MAexp7:	+1.66%
Price / MAexp20:	+2.30%
Price / MAexp50:	+5.62%
Price / MAexp100:	+17.57%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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