The chart shows that the downtrend in DGB (Digibyte) has been broken and the price is gaining momentum upwards. In previous similar movements (blue boxes), the price has seen significant increases. This shows that the price maintains its upside potential.



Support and Resistance Levels


1. Support Levels:


• 0.01250 USDT: First short-term strong support.


• 0.01080 USDT: A solid support point in the lower region.


• 0.00950 USDT: Critical major support level (trend reversal zone).


2. Resistance Levels:


• 0.01590 USDT: First short-term target and resistance level.


• 0.02800 USDT: Previously tested resistance, main target area.



Indicators and Technical Data


1. Moving Averages:


• The 50 and 200-day moving averages are showing the potential for an upward crossover, indicating a medium-term bull trend.


2. RSI (Relative Strength Index):


• The RSI level is close to below 70, indicating that the price still has room for an increase.


3. MACD:


• MACD is in positive territory, histogram is increasing. This supports the bullish momentum.



Formations and Transformation


• Falling Wedge Formation: The price is seen breaking out of a falling wedge formation on the chart. This formation generally results in upward breaks.


• Goals:


• Pattern target: 0.02800 USDT.


• Higher target: 0.03400 USDT (historical high resistance area).



Trend Direction


• The trend is upward in the short and medium term.


• Declines can be considered as buying opportunities.



Strategy and Advice


1. Purchase Strategy:


• Current price: Gradual purchases can be made at levels of 0.01250 - 0.01300.


• Support level: Buying opportunities can be evaluated in pullbacks to the 0.01080 region.


2. Profit Taking Levels:


• First target: 0.01590 USDT.


• Second target: 0.02800 USDT.


• Long-term target: 0.03400 USDT.


3. Stop-Loss Level:


• If it closes below 0.00950 USDT, positions should be closed.


4. Risk Management:


• You can make gradual purchases by keeping your transaction volume low.



Conclusion


• Technical indicators and formations point to a strong upside potential in the DGB/USD parity.


• Investors can evaluate buying opportunities at support levels and plan to take profits at target levels.


• It will be important to constantly monitor current market conditions and trading volume.