DigitalNote has been retracing strongly for the past 2 weeks following a meteoric 500% upmove. Part of this retracement is natural however we are witnessing a little stronger downward pressure when compared with similar cryptos, like verge for instance. This extra downward pressure on DigitalNote may be coming in as reports of a major bug in the cryptonote were announced by getmonero.org
source: https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html
Nonetheless, technically speaking there are a few opportunities to re-enter this market.
There is a massive confluence at the psychological level of 100 satoshis. We have a support backed by the high on 28th May, the fibonacci retracement level of 78.6 and the already mentioned psychological level of 100 sats.
Volume has been poor during this consolidation period just like the previous consolidation periods and we can expect volume to kick in anytime in the near future as we approach the demand zone. Conservative TP at the previous high of 350 satoshis.
