RATE Group | Long-Term Trade Recommendation: Stellar/Ethereum | Hacked: Hacking Finance
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Long-Term Trade Recommendation: Stellar/Ethereum | Hacked: Hacking Finance

09 Aug Long-Term Trade Recommendation: Stellar/Ethereum | Hacked: Hacking Finance

Posted at 17:52h in Ethereum News by

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The DigiByte/Bitcoin (DGB/BTC) pair managed to go as high as 0.00002669 on June 3, 2017. Unfortunately for buyers at that level, bulls showed signs of exhaustion. After all, the pair skyrocketed by 7,750% in two months since it opened at 0.00000034 on April 3.

Almost everything that goes up must eventually come down. This remained true for DGB/BTC after plummeting to 0.0000007 on December 8, 2017. The pair has been consolidating since, but it appears that DGB/BTC is almost ready to ignite a bull run.

Technical analysis show that DGB/BTC is creating a large symmetrical triangle on the daily and weekly charts. The triangle is currently completing its E-wave, which is often the final wave down. After this corrective move, the bounce puts tremendous pressure on bears to create a lower high. The increased demand usually negates the selling pressure, which results in a breakout.

The strategy is to buy as close to 0.000004 support as possible. If the support continues to…

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