Digibyte Delisting, does it even matter?
Welcome fellow Tradingviewers,
We have probably all seen the fued between Jared Tate and Polienex, if you haven't here is a small summary.
Polienex tweeted that their followers should all buy TRX, the tweet quickly got removed but some twitter accounts already managed to take a screenshot. Reportedly the cryptocurrency exchange would have been bought by Justin Sun and this probably was a big shilling of the TRX cryptocurrency. After Jared Tate saw the tweet, he decided to say a thing or two about Polienex, which has been one of the exchanges that supported DGB for a long time. After Polienex saw the comments made by Jared Tate and other DGB members they decided that all of the sudden Digibyte did not have the right listing standards and that DGB will be delisted in the near future.
If you want to know more about this fued, checkout Polienex or Jared Tate's twitter accounts to get more info on the matter.
We have not seen any effects in the price for now, this is also because Polienex was'nt even bringing in 1% of the trading volume, but lets see what could happen in the future!
We will be looking at the price action from Digibyte using a top down strategy where we are going to analyze down from the monthly.
Monthly:
- Looking neutral
- Candles are indecisive
- MA's are bearish
- MACD is still in bearish territory
- RSI is in Neutral
- Volume is very low
Weekly:
- Looking Bullish
- We saw a bullish engulfing candle 2 weeks agoi which led us to test the 100 sats resistance
- Ma's are Bearish
- Volume is very low
- We might be moving in a big falling wedge, which is know to be a Bullish pattern
- MACD has crossed Bullish
- RSI has just come from the oversold region
Daily:
- Looking Neutral.
- We saw a Bearish engulfing candle on yesterdays close.
- We found support on the 50 and 100 MA
- MACD just crossed Bearish.
- RSI is neutral
- Volume has picked up a bit
- Moving inside a falling wedge which is known for trendreversals
What's next?
Well depending on the next couple of weeks, a lot could happen.
The Bullish engulfing candle on the weekly tells us that we can expect more upside momentum.
The biggest challenge is breaking the upper trendline of the wedge, if we break this upper trendline with enough volume, then i will be confident that we have a good year ahead of us!
This analyses is only showing you guys my vision on DGB and should not be considered as financial advice.
If you agree or find this analyses useful, don't forget to leave a Like!
And if you disagree or have a comment, let me know below!
Kind regards,
Forallcrypto
We have probably all seen the fued between Jared Tate and Polienex, if you haven't here is a small summary.
Polienex tweeted that their followers should all buy TRX, the tweet quickly got removed but some twitter accounts already managed to take a screenshot. Reportedly the cryptocurrency exchange would have been bought by Justin Sun and this probably was a big shilling of the TRX cryptocurrency. After Jared Tate saw the tweet, he decided to say a thing or two about Polienex, which has been one of the exchanges that supported DGB for a long time. After Polienex saw the comments made by Jared Tate and other DGB members they decided that all of the sudden Digibyte did not have the right listing standards and that DGB will be delisted in the near future.
If you want to know more about this fued, checkout Polienex or Jared Tate's twitter accounts to get more info on the matter.
We have not seen any effects in the price for now, this is also because Polienex was'nt even bringing in 1% of the trading volume, but lets see what could happen in the future!
We will be looking at the price action from Digibyte using a top down strategy where we are going to analyze down from the monthly.
Monthly:
- Looking neutral
- Candles are indecisive
- MA's are bearish
- MACD is still in bearish territory
- RSI is in Neutral
- Volume is very low
Weekly:
- Looking Bullish
- We saw a bullish engulfing candle 2 weeks agoi which led us to test the 100 sats resistance
- Ma's are Bearish
- Volume is very low
- We might be moving in a big falling wedge, which is know to be a Bullish pattern
- MACD has crossed Bullish
- RSI has just come from the oversold region
Daily:
- Looking Neutral.
- We saw a Bearish engulfing candle on yesterdays close.
- We found support on the 50 and 100 MA
- MACD just crossed Bearish.
- RSI is neutral
- Volume has picked up a bit
- Moving inside a falling wedge which is known for trendreversals
What's next?
Well depending on the next couple of weeks, a lot could happen.
The Bullish engulfing candle on the weekly tells us that we can expect more upside momentum.
The biggest challenge is breaking the upper trendline of the wedge, if we break this upper trendline with enough volume, then i will be confident that we have a good year ahead of us!
This analyses is only showing you guys my vision on DGB and should not be considered as financial advice.
If you agree or find this analyses useful, don't forget to leave a Like!
And if you disagree or have a comment, let me know below!
Kind regards,
Forallcrypto
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