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DNTBTC trade ideas

DNT breakout is coming +145% profit - part 2This analysis is a continuation of DNT breakout is coming +145% profit idea that I published earlier. While analyzing DNT, I found a perfect cup and handle formation that satisfies all the conditions of a good cup and handle formation. The cup and handle formation generally sign if the continuation of bullish trend. As the market is forming this pattern, it tests the old high. The handle is formed because of the selling pressure from investors who bought at the level of the old high. Going through the characteristics of a cup and handle formation: - The cup was a U shaped cup. -> Satisfied - The cup was not deep. -> Satisfied - Handle did not go below the middle of the cup. -> Satisfied - Volume decreased as the price declined. -> Satisfied - Volume remain lower than average in the base of the cup -> Not satisfied as we had some spikes in volume - Backed up to test the previous high. -> Satisfied The target for the cup and handle formation is determined by measuring the distance between the bottom of the cup to the handle breakout level. The same distance applied from the handle breakout should be the target for this formation. More bullish signs? Well, the 50 SMA and 200 SMA are about to crossover which is an indicator of a great bullish trend. In case the bullish trend continues, the targets are the same from my previous chart. Targets: - Cup and handle target: 0.00001014 - Target 1: 0.00001193 - Target 2: 0.00001495 - Target 3: 0.00002097 This trade was greatly based on the concepts found in the cup and handle article in investopedia Link: www.investopedia.com Good luck trading :) ***This information is not a financial advice. I am still learning and practicing.***
Long
by Youstanzr
DNT... breakout imminent coming days? Or double top?DNT is a fast mover today. Broke out of the horizontal resistance, and may go on to retest the recent high near 1067 satoshis. But I must war, it is still in the range to form a double top. It may need more time to consolidate as well, there is low volume, and this was a strong upmove. However, I can see it reaching this price target within coming days. It's a good swing trade setup. Stops can be placed just below the blue support line, near 660. I also want to say that support seems to extends from 880-865, not on a single line. I have also noticed a cup and handle formation, though this chart is on the 1 hr, keep in mind. But it's not the "cup and handle" that matter, it's the idea behind this formation. There was a potential (rounded) bottom formed, followed by an upmove, and now there is a lesser period of consolidation. If DNT closes above the previous high, that would signal a higher high, and a higher low. All it needs is a bit more volume and there she goes. But beware, until we breakout, this could theoretically become a double top (bearish), though I believe it is the less likely scenario Still, patience is king. Wait for the breakout with confirmation. There is a strong upmove, and if you have money to lose, try your luck. But you are an educated gambler, not a trader!
Long
by darth_bitcoin
#DNT possible quick 10-15% #district0xLooking at the 4 hour chart, i just got an indicator on the Slow Heiek Ashi indicator for a potential Buy. I have been using this indicator with MACD, STOCH, and RSI. Some great trades have been produced utilizing all these indicators while watching the 20, 50 EMA. I expect it to only continue a harmonic pattern down with a slight jump here if at all. That's where I want to try and catch it since I missed the previous spikes, and I will exit my existing position I bought a few days back. MACD showing a possible bullish crossover, however RSI , Stochasic, and Stochastic RSI show a little on the higher side of where I am usually comfortable buying in with a fresh trade. I will set another buy just above the red line of the wedge, wait for the breakout, and set my stop loss at the bottom of the wedge just below the red line. According to the previous breakouts, the harmonic correction pattern stops at the .618 fib, so I will set my sell there, and let's see what happens. Good luck. This is not trading advice. This is not a signal to buy or sell. Just a target I am looking to hit for my positions. Do not risk more than you can afford to lose.
Long
by kingofkrypto1
DNT on Demand zone, Breakout can give 3x tradeHello Friends, Our Last DNT call gave 1300% Now time has come again to make some money with DNT. Price is trying to break the trendline and close above 700 SATs can take the price to the next levels easily. A Low cap coin, 10-20 BTC volume can take the price to 100% so play with caution. My trade would be Buy on break out (700 SATs and above), or on the lower level of the demand zone (500 SATs) for a target of 3x. Well, there are dotted lines on the chart acts as the target. Stoploss should be below the low (450) Disclaimer : This post is not a recommendation to buy/ sell. Please analyse yourself and take the trade.
Long
by maheswar81
32