DigitalNote Price Remains under Bearish Pressure

Key Highlights

  • There was no stopping the DigitalNote price, as it continued to trade lower and fell below the last swing low of 0.00000070BTC.
  • The price traded as low as 0.000000482BTC, where it found buyers for a short-term recovery.
  • A correction won’t be easy moving ahead as there are many hurdles on the way up.

DigitalNote price fell sharply and lost a lot of ground to trade below a key support around 0.00000060BTC.

Rejection around 0.00000050BTC?

The DigitalNote price collapsed recently and failed to recover after testing our final sell target of 0.00000075BTC. The price continued to trade lower and even broke 0.00000070BTC. The downside was very sharp, taking the price below 0.00000050BTC for a low of 0.000000482BTC. There was a solid buying interest noted around the mentioned level, which ignited an upside reaction. A bullish engulfing candle was also formed on the hourly chart, signaling a complete rejection around the stated level.

DigitalNote Price DigitalNote Price

However, the bullish engulfing pattern cannot be considered as a reversal signal, as there are many hurdles on the way up for buyers. There is a bearish trend line formed on the

Read more ... source: NewsBTC USA