Digital Currencies to Look For. While the digital currency market has experienced some reprieve in recent days and some have seen a slight recovery from lower depths, there are some coins that have not yet joined the recovery trend.
After some extensive research and scanning, both EOS and Digibyte appear to be on the radar, and it would be wise for traders and investors to pay attention to this coin action in the coming days.
EOS (EOS)
According to the daily chart of EOS, it is currently trading below its 20-day and 50-day moving average, while resting on its 200-Day. In addition, EOS seems to be building up the possibility of Flag formation that traders and investors must be aware of in the coming days.
However, while it certainly is not damaged from a technical perspective, EOS will find itself in a vulnerable position if the patterns manifest to the downside. If the digital currency is able to bounce the 200-day moving average and, possibly, is able to bounce off the 11.65 level, the action will be positive and welcomed..
Digibyte (DBG)
According to daily Digibyte charts, it is clear that the digital currency is trading below all the vital moving averages - 20-Day, 50-Day, and 200-Day moving averages. Also, just like EOS, Digibyte also seems to be building up the possibility of Flag formation and also needs to be concerned with its development in the coming days.
If within the next few days Digibyte can remove 0.03 hurdles and maintain, those developments will be positive if realized. On the other hand, if the digital currency breaks the 0.023 level, the value of the coin is likely to fall further.
However, both digital currencies are in a vulnerable technical position today and they need to be closely monitored.@BPI
