DNTBTC - Looking goodDNT is looking like it will be jumping up to stabilize in a higher price level. It has already begun that. I find the project something amazing and innovative to shake up how we view commerce and markets. Here is my analysis. This is a LONG term hold. I see District0x being a very popular project in the coming years.
DNTBTC
DNTBTC has huge potential to grow upto 400% potentialDNTBTC one of my favourite coin to trade.
It was in range bound for long time, recently it broke out, so thought to have a better picture.
Here is it for you,
Buy in at all time low
275 - 325
Targets
390
490
690
12000 (All time high)
Stop loss :
Below 250
I will keep you posted, have 5% invested in this.
District0x Regression Trend, Ichimoku cloud & CCI AnalysisI'm playing around with a DNT chart currently & noticed a regression trend. The one thing to be aware of here is the Ichimoku's tight Kijun & Tenkan-san.
The CCI is showing it's currently overbought (slightly) but the trend line is giving us plenty of room to play with. Approaching this 0.00000431 resistance level I believe we're going to see a breakout with the Running wedge.
Be a range trader and make plenty of profit HITBTC:DNTUSD
Watch this coin. Support is at $0.03 and Resistance at $0.05, The trade is buy on support and sell at Resistance for 50% profit.
Such movement is happening daily for almost a month.
I was tired of looking for breakout. However, one can enjoy good profit with picking the trade at bottom and sell at high.
Signal :
Buy :
$0.03-$0.035
BTC value varies, please decide based on the $ value.
Target
$0.05 - $0.06
Stop loss.
$0.025
MACD and RSI may not help here as it is based on the range. Blindly buy at Support with sl and sell at resistance.
Good luck.
DNT is ready for 80% profit jump ?HITBTC:DNTUSD
is ready to jump next level.
Pattern is Channel breakout or Range breakout.
Price was in range for long time, price accumulated well. Sellers were selling at 0.057, now buyers will overcome them and price will move to the moon with 80% target.
DNTBTC Descending Wedge BreakoutDNT has formed descending wedge over the course of a few weeks.
Stoch RSI signaled bottom and buy 2-3 days ago, hinting to put this pair on watch due to bullish potential.
WT_LB green crossed red from underside to upside, signaling bullish movement
MACD support upward movement
DNT has been overlooked since long term downtrend, but has extremely good idea and over 5 products.
Descending wedge is known for large upside breakout, sellers have been exhausting and you can tell by last 10-20 daily candles as we neared bottom.
District0x (DNT) reversal - buying opportunityTA:
~ All time bottom has been hit around 350-400 levels
~ Daily TD Sequential hit a 9 at the bottom, which is a classic buy signal
~ RSI & MACD indicate a reversal in trend
~ Volume is building on the last hourly candles, indicating a breakout
FA:
~ Chronobank.io is planning to deploy the District0x infrastructure within their community
~ Ethlance is being ported to the District0x infrastructure
~ Development of the District0x environment will be sped up by releasing a new platform, Bounty0x, where a decentralized platform offers contribution to development through bounty rewards
TL;DR:
Several projects are expected to be completed & released by District0x throughout this month and with the market cap sitting at 16% of its all time high there is plenty of upside to be gained.
How to trade:
Buying below 450 levels is a good buy
Stop loss @ 370
Sell parts of your positions on the way up between target 1 & 2 as total volume is relatively low compared to larger coins
Funfair Median Trend Let's watch for a replay of events.
Do not enter until bullish / reversal trend confirmation.
light red lne is MEDIAN resistance zone to get an idea. this is NOT top trend line.
bottom orange line is MEDIAN support zone to get an idea. This is NOT Bottom trend line / hard support zone.
Great entry to go long on DNT!Really nice chart. This coin had its pump and was then dumped and is now back for business (lol). Anyway, volume is descending whilst the price is making higher highs which is a bullish sign. Marked possible resistance levels with the blue line. Don't take the yellow line for granted it's just there to visualize things. In fact, we will probably see a more sideways chart.
But the point is that this looks like the perfect entry to go long on DNT. They have a very active and transparent team.
DNT feel the RiseDistrict0x : A network of decentralized markets and communities, Create; operate; and govern decentralized markets, Powered by Ethereum; Aragon; and IPFS, At the core of every district is the d0xINFRA framework; a stack of Ethereum smart contracts and front-end libraries distributed on IPFS which power a district's basic functionalities.
Link to Roadmap: district0x.io
Coin age (month): 2