DGB's selling when approaching the resistance at $0.07 is still quite weak, which shows that DGB's upside potential is still quite high if it breaks through this zone. But if it loses the $0.06 zone, then the $0.05 zone is a very reliable support for us to buy in

📈RED PLAN
🔴Buy : 0.0585-0.0615$. SL if B 🔴Buy : 0.068-0.072$ if A. SL if B
📉BLUE PLAN
🔴Sell : 0.0975-0.1025$. SL if A
🟣PURPLE PLAN
🔵Sell : 0.0585-0.0615$ if B. SL if A 🔵Buy : 0.0488-0.0512$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • DigiByte (DGB) is a decentralized UTXO blockchain that was launched in January 2014. The project is built on the code of Litecoin, but with several modifications.
  • In February 2014, the project introduced DigiShield, a real-time difficulty adjustment mechanism which stablizes block time despite exponential changes in mining hash power.
  • DGB has a maximum supply of 21 billion, which will be fully mined by 2035. 0.5% of the total DGB supply was pre-mined, and distributed to early community members. The network has a block time of 15 seconds, and is mined with SHA256d (available for BTC miners), Skein, Qubit, Odocrypt (FPGA), and Scrypt (available for LTC miners) consensus algorithms.
  • The Odocrypt consensus algorithm was developed by the DigiByte team and automatically modifies itself every 10 days in order to prevent ASIC dominance. The algorithm was implemented in July 2019.
  • DigiByte is one of the first decentralized networks to implement Segregated Witness (SegWit), a first layer solution which modifies the structure of transaction blocks and improves overall network scalability. DigiByte has also allowed the implementation of smart contracts by enabling OP_codes.