DigiByte (DGB), one of the longest running blockchain projects, has flashed bullish signals on MACD and RSI.
Also, it recently bounced off of its Support line @ $0.02 (see chart). Trading around Support / Resistance lines is one of the simpliest and most effective strategies. See our prior post here.
We like the DGB risk/reward set-up, with a 20% downside risk (at support line) and 50%+ upside potential (if it reaches recent highs). Remember to use Alerts for sell signals for downside protection.
Neo (NEO), a smart contracts alternative platform to Ethereum, has also entered a bullish momentum setup with MACD and RSI crossovers.
Like most altcoins, it experienced a correction recently but remains firmly in an uptrend.
Buyers beware – you must monitor your own positions because these signals (MACD, RSI, etc.) can change quickly. You can set up alerts to notify you when your coins receive a Sell signal (MACD or RSI turns bearish). Don’t rely on our newsletter for all signals, use the platform to become a proficient trader!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice. There are risks associated with investing in cryptocurrencies. Loss of principal is possible.