SUMMARY
Digibyte (DGB) placed a fine looking rounded price formation from last June to December. The current correction price move has the contours of a rounded bottom as well (blue arrow). What is not clear it the width of the basin phase and it doesn't necessarily correlate with the heights of the walls. There are plenty of rounded price formations with short basins. It's also more usual for the basin width to decrease with each sequential decrease. Why? Because from buyer/seller perspective, the "need" for consolidation has truncated with each cycle of rounded formation.
This chart presents two pathways, theyellow and the blue. IF the yellow, then it should track well with the overall Cryptosphere trend of rallying into July. IF the blue pathway, it would be a bit of a laggard; however, only in time and not in price. As you can see, both pathways, while not the same, leads to the common destination...up!
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