Trade Recommendation: DigiByte

The market gives a swing high which can be used for placing buy orders and joining the main uptrend. MACD histogram supports the upward movement and if the price moves above the local swing high, we’ll get an additional bullish signal. Entry level is 0.00000500 with stop orders below the local swing low at 0.00000340 level. Profit targets are 0.00000600 level for short term trading and 0.00001000 level as the main target. The part of trade volume also can be left for long run. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: DGBBTC
Buy: 0.00000500
Stop: 0.00000340
Profit Targets: 0.00000600 and 0.00001000

The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in DigiByte.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.