RSI has double bottomed and is looking for new heights I believe we are in the earlier stages of a larger breakout RSI has been seen to also bottom along this horizontal in the past aswell. I am long DNT
Price is currently trending along the bottom of the Bearish Gaussian Channel This allows price to progress and eventually the channel will flip green A lot of similarities to a previous time on DNT which I will link the chart below
Taking another look at DNT I can see a bullish divergence developing and nearly completing on the weekly timeframe while on the Monthly timeframe price is touching the 50MA, this is a nice correlation between the two timeframes Last DNT analysis I suggested a recovery at the 50MA on weekly, now we are at the 200MA, a second point of support Lets see if it acts...
The green bars pattern that shows my predicted price movement is a very sharp rise The actual rise may not be as sharp. This is just for TA and easier interpretation I am a hodler of DNT and have faith that NFT's will blow this one up I am using Fib circles to see price movement around the rings of the circle
Previous touches on the 50MA led to an 800% increase What will happen this time? the bitcoin pair also looks very appetizing with the monthly price sitting on the middle band of the Gaussian Channel
DNT on the weekly chart can be seen to have given birth to the 200MA on the USD pair this implies volatility while on the monthly chart price is clearly sitting above the Gaussian channel, which is also very bullish Great one to hold
You wouldn't even think a comparison between DNT a small cap altcoin and Bitcoin would be relevant Yet it works Almost identical MACD structures and also price structures extremely interesting Testing the 50MA for a bullish rejection
District0x is one of my favourite coins It has formed this rounded top structure while in stages of reversal from a large bear market, in fact it has reversed a lot I think this reversal will continue throughout the year, with this structure leading to a bullish breakout It just takes time
Coins that accumulate slowly without much hype such as District Ox has gained my attention. Coiling in a small triangle, 4th touch so should see it break higher now. A 5th touch and further consolidation within the triangle would not be ideal. Need to see good volume.
Just re entered into DNT Structure forming looks extremely bullish Looks like the beginning of a large bull move Both on the BTC and USD pair I really like this coin, I just question its long term potential Meme factory is a banger
Possible areas of interest for district0x I expect this coin to perform well, as it has in the past This bullflag forming shows potential, great buying opportunity
Looks like DNT is about to become TNT. Excuse my horrible explosion joke. Were starting to see higher trade volumes and potential breakouts. This one's gonna be on the move fella's
In an Ascending Channel Major buy zone in green (triangle) Trend analysis
Some spirals suggesting a top at around .1
DNT Idea Still a good long opportunity, regardless of the possible return to the rounded support. Volume is massive.
Clear inverse head and shoulders pattern. Things could go very high from here. District is a very low cap coin, investing/trading these coins is always riskier, do your own research before you put your money in.
plotting out some potential moves that DNT may make DNT currently has volume of 140million and counting jump on the bandwagon while you can This is my favourite altcoin