Digibyte Technical Overview

I have always believed in the strong prospects of the Digibyte coin from a fundamental point of view. But, as Bitcoin prices started falling over the last couple of weeks, so did the price of the Digibyte coin.

From a technical point of view, I now see a trend reversal taking place on the 4hr chart, with the price trying to breakout of a falling trendline, which when combined with the horizontal trendline also makes it a descending triangle.

A closer look on the hourly chart shows the formation of a triangle pattern developing. In my opinion, with the bullish potential developing in the Bitcoin prices, we may see an upward break of this triangle which would continue the break from the long-term downward channel towards new heights.
Infact, a downward break would be limited considering the strong support available at the 200DMA and the Horizontal Support.

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