DNTBTC trade ideas
DNT - Giant cup & handle
This is my very first idea published here. Your insight is very welcome.
DNT is a promising project & token.
Just noticed its lifetime chart is one giant cup & handle.
On a long trade (maybe 3 months), buying below 2000 or even 2500 seems cheap.
2500 looks like the breakout level on this pattern, so one could also wait for it to enter with stop loss around 2000. At which level one should just buy more.
My target would be 4500... but this token could also go much higher much faster...
What do you think?
Happy trading :)
DNT - Breakout of Bullish PennantAfter a few days of consolidation $DNT (District0x) breaks upwards out of bullish pennant. It will come back down nicely to retest previous resistance and also find some support at the 50 hour MA. Look for more upside here.
* Arrow not indicating a target, but a general direction. Take profits as you please, as this is a long term hold for for me since ICO, and I believe there is much more to come from it in 2018!
Good luck everyone. Set stop losses unless you are a long term holder.
Buy chance for district0x - targets inside!DNT doing well. It just bounced off the 0.236 of it's last move higher, which is always a gorgeous entry point, and this time it's also the hourly 20 moving average. Projection for profit is where the peak-to-peak trendline intersects with the next big fib level ;
Whenever it touches that top teal line, it's selling time. I'm keeping my sell targets on the fib levels, so that means: 1400, 1800, 2200. We'll see about buying dips back down on the way: The 0.236 on the way down is always a buy in my book, and DNT seems to touch it on occassion - like righ now.
Targets for DNT on this bullish cross and retest.DNT , as you can see in the related idea, has had to do a leg lower. I've updated target projections in this chart.
There's a nice bullish cross of the moving averages on the hourly.
It's a buy here for me because we've retested the hourly 200moving average, did a bullish cross of the moving averages, then tested that cross and those averages above the 2.618 fib of the last major move lower, and went up higher to close above and now retest the 0.236 fib of the last major upswing.
Confirmation would be an hourly close above 900, or 15-minute 200 moving average above 752. The former would be a more impulsive sign than the latter so long as it happens first.
Stops can be kept quite close, a close below the hourly 50 or 724 - the retested bullish cross - would signal another leg lower, at least to the hourly 200 - perhaps the 4h and the peak of the last dip at the 1.0 fib. Even using the 752 level of the 0.236 fib as a stop-loss point could be argued for, given it's importance as support relative to the highs of the 21st and 23d of december. Only on a 4h close however. The chance a wick might touch or go through it again without reversing the trend is present. Such wicks may be bought. I suppose it depends on your timeframe wether 777 is a buy or a sell order at this point.
Anyway, targets.
First stop is the previous high at 1173.
I'm expecting it to go higher and will be taking profit between 1514 and 1601 - the Gann-fan border and the All-time-high. From there either a slow move to 2011 or an impulsive move to 2529 - although 2065-2199 should be resistance. If it does stay below the trendline towards 2011 without retesting the lows we might go higher.
If 1500-1600 is a top i will get out and look for a rebuy.
The absolute moon for now - before mid-january- would be at 3600.
$DNT- District0x or District- Oh Shit? Here are some potential short term trades for those wanting to make some quick profit.
What we know and why:
It's on a bullish falling wedge (Basic Observation)
It's on a bull run- (MACD Cross Verification)
Its mad cheap to invest in. Less than a dollar
What we don't know:
The troughs between all of the rises
How high we should set the stop profit indicators.
TLDR;
Great investment for someone who wants to make short term gains . If it all goes to shit, you're a bag holder of a great coin that will for sure yield a great ROI.
Let me know what you think in the comments below!
Constructive criticism is PREFERRED.
Happy Trading
[Long]Buy opportunity for district0x (DNT)DNT just came down from a huge rally.
The coin is at its lowest point right now i don't see it going any lower then this and the STRONG support right now is 0.0000065.
Buy-in: 0.0000060 – 0.0000086
Targets:
0.0000099
0.0000130
0.0000170
0.0000200
0.0000260
NEW ATH
Please let this trade develop it might take a week or two!
Remember patience is the key!
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.