With the MA's being aligned like this I think the triangle scenario with a breakout to the upside is more likely than the double top prevailing This coin has already undergone extreme growth, will we see more?
I’ve been doing some research on patterns and trends and this seems to be a descending triangle, I’m thinking it’s a bullish pattern looking at the previous step up. This is the 1hr. Are we just looking for some more volume? Any thoughts/suggestions? I had a buddy mention bearish divergence the other day, I’m curious to hear more input as its been a few days since...
DNT has produced a bullish divergence on the ETH pair. Divergences are a great way to identify possible market reversals.
Descending scallop, highest success rate out of all chart patterns used by myself.
Comments and professional advice requested in comments. :)
#DNT #Binance DNT looks interesting on the daily chart, it is possible that a double bottom is being formed, it is also impossible not to notice a very increased trading volume which may indicate a large position.
TNT lost its uptrend up after testing a daily level. It is now holding a new support that must hold in order for the 4hr targets to test and into the daily. I predict price to ladder up again as it did back in September 20th for new ATH