Obyte failed to be profitable once the team stopped the initial free airdrop method. Since then, the most powerful and comprehensive DAG protocol in the cryptocurrency market has lost around 97% of its ATH value.
Nevertheless, the team continues to develop the protocol and has impressively extended its functionality with concepts such as sovereign identity,...
Still im waiting Gbyte big bounce. Strong weekly support is at level 21.08$ and daily trendline holds. In the end we can see big bounce up if we get hit from support or we break out from trendline and we get candle close above this line.
Right now i dont belive that we break weekly support and going more down.
Eyes on this chart.
Checking weekly, bi-weekly and monthly charts. Obyte-USD is in compression for 1078 days, which is just under 3y.
I reckon that December will be explosive for this market pair and Obyte-USD will be trading between $200 and $300.
This is just one of the use cases for DWEB (Dynamic Weighted Equilibrium and Balance). In addition to giving you amazing data and visuals regarding the health and strength of an asset, this hybrid drawing feature adds a whole new dimension.
I call the dots "taps" and they signal very specific reactions based on price, balance, volume, and most importantly...
Gann, volume, and some magic. I might just be a little biased, really starting to like the fundamentals on this coin so take this with a Shill Pill.
$OBYTE $GBYTE
Obyte was hit hard by speculation during the last bull run, and with only 600,000 coins in circulation its no surprise it fell like a ton of bricks with the market. The good news is, the sharp decline also brought the MAs down quick so a sharp move up is possible. Obyte has made a lot of progress in the meantime from a dev perspective and is set to launch on BITZ...
Marked some points of interest and paths of least resistance. Please follow the trend lines as OBYTE moves and as the price aligns with the fans and intersections. Pretty easy- If it's on a trend line, respecting it as support, its heading that way because its a path of least resistance. If the price breaks the trend line, it should respect the the next...
At the end of June Byteball has tested the low at $100, which is a strong psychological support. After bounce, price went up and broke above the downtrend trendline, corrected down, and went up again, this time breaking above the 200 Moving Average.
GBYTE/USD then bounced off strong resistance area at $150 and went down sharply. Currently it is trading at the...
Technical analysis:
. BYTEBALL/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (114.00 to 95.00). if so, traders can set orders based on Price...
