DNT YEARLY RESISTANCEDNT just bounced from the yearly open, which indicates a strong bullish trend. We need to hold this level so we can establish a strong support area for the next bear market.
DNT
District0x 200MA InceptionDNT 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
BTC and DNT - Strange Similarities 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 - Bullish Rounded TopDistrict0x 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
DNT another idea for your exit plan! I found an interesting pattern. The last time that price dropped in a similar manner, it was in sub wave 4 of wave 1. Perhaps less violent.
How i did it: So I measured the sub wave 4 of wave 1, and found that sub wave 5 went up to 300% log fib extension. I did the same with wave 4 and used the same fib extension and found the price targets of 7usd area.
Same area coincides with trend based fib extension levels of the wave 3.
Bullish hidden divergence on the weekly chart of DNTHidden bullish divergence happens when the price is making a higher low (HL), but the RSI is showing a lower low (LL).
Based on this, in the next few weeks, I am expecting a strong bounce from here.
Stay safe!
Is TEL the next 20x crypto?? Hi crypto traders!
TEL had a massive run, similar to DNT. This subwave 1 of wave 5, TEL broke first. This is a good signal for DNT as it may follow this same trend too.
Anyways, back to TEL, if you draw a fib extension from the previous highs to the all time lows, you can find the 65c fib extension as a major target. When it comes to Elliott wave count, you can see than we have finished the wave 3, a month ago and now we are in the beginning of wave 5. This will be the last wave so profit taking on the way up it will be a wise choice to make.
Stay safe!
District0x macro trendThere is a clear time cycle pattern with DNT which lasts for approximately 180 days, from pick(wave 1) to pick(wave 3). Based on this observation, there is a high probability that we reach the wave 5 by August. Usually the wave 4 is a chart pattern(here we have a symmetric triangle which validates our wave count).
Another observation, using log fib extension, we see that wave 3 it was the 261% extension of wave 1. Remember that wave 3 is never the shortest wave. We may expect the wave 5 to reach a fib level. We have various bullish levels from 4usd(most probable) to 17usd and the most bullish (but still realistic) target around 190 usd!
Last note, i am expecting the sub wave 5 of the major wave 5, and final leg up, to break the ascending channel. If this break happens before the sub wave 5, the levels between 17-190 usd are totally possible.
Remember, Stay safe!
DNT consolidation period near endUsing logarithmic chart, we can clearly see an ascending channel. Maximum time before ending this consolidation is around 20 more days, as long as we hold the 22 cents level. I am staying bullish for the time being. For long term i see around 4-5 usd per coin.
Stay safe !
DNT/USDT 0.7$ possibilityDNT CAN REACH 0.7 SO SOON
R/R = 5
GOODLUCK
Note: This Chart does not provide financial advice.You can use the information from the Chart to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DNT to the moon !! Hello,
DNT Coin is consolidating under the flat channel and seems profit-taking has just brought it down after this pullback it will bounce hard from Daily 20 ema towards the next target 0.4-0.6
below daily 20 ema we can consider a short-term bearish movement and accumulation in dnt , for now so far so good..
Fibonacci 0.5 pocket touched and bounced!
Cheers!
DNT is backin the old days DNT was pumped and dumped.. this time it looks different and it is crawling up slowly and organic targeting its all time high.. i loaded this gem at 70 sats and i been holding it since..
2 levels i am watching
1234 sats
3000 sats
DNT-USD ESCALATION IN 2021 BULL CYCLE Coinbase ChartI'm following the bullish trend of DNT since one year now, when it was at $ 0,006.
In Nov. 2020 it jumped from 0,0085 to 0,084 10x!
Jan. 2021 topped at $ 0,21, Feb. at 0,45. Since then it has been accumulating in an ascending triangle that's being broken at the time of writing. We can see a narrative of big jumps and then down the slope three times in a row since November 2020, always relying on the ascending trend line and MA50 on the daily chart. If this narrative is still valid, we can expect a new jump to be accomplished within one or two days and then another accumulation area. The actual targets for the short term are 0,6 and 0,8 dollars.
It would turn into a bearish scenario in case one daily candle would close below the red trend line.
DNT/USDT - Symmetrical Triangle breakThere's hardly anywhere in literature where you don't find a triangle.
DNTUSDT 🐌 on the Daily - BINANCE*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
==========================
We have a flag formation from early Feb. The support and resistance lines are from the monthly channel that dates back to 2019.
Now waiting and a patience game for decent volume to give us the breakout.
This is a Trade only opportunity for me, not interested in holding.
I've been in this trade for what seems like an eternity, it's had super low volume so moving really slowwwww 🐌.... And really testing my patience..
Trading psychology is everything . Especially in this volatile market. It's so easy to make the mistake to exit early out of a trade to FOMO into something that's already pumping, only to see your original trade legging it up not long afterwards...
As always, watch for volume. Do your own research. Always be watching BTC .
Good chat.🤖
Triangle🔥Wassup, wolves🔥
There is one more Symmetrical triangle on DNT /USDT crypto pair.
The price is in confident bullish trend . So this formation could be a good chance to go long.
However do not rush the trade and look for the clear brakout carefully.
According to Elliott Waves theory Wave C is done and now price is heading to Wave D.
So follow the chart and look for the best price to enter.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
DNT pump far from overJust 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
DNT buy DNT?By popular request:
Possibility for one last pop up to 0.47.
But major potential for huge retrace back below 0.020.
My guess is 0.016.
Large unfilled gap around that price.
#butwhatdoiknow
#hollowhead
Where is DNT going?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
