DNT targets and projections
Putting some fibs, ignoring the opening day bollocks except for the .236 fib this yielded - which is the grey resistance line
we find some resistance around our first target, 857 satoshis.
Second target is the .618 at the nice round number of 1000 sats
Finally proper target is the top of the spikey trendlines , between 1250 and 1500 depending on when (and if!) we make it that far.
super moonshot would be 2283 but don't count on it.
DNTBTC trade ideas
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.
District0x fueling upDistrict0x (DNT) has had a rough time the couple of weeks in colleration to Bitcoin Prices, but things are starting to look bright for DNT hodlers. In this bull market every bit of growth results in rocket fuel for massive gains. As we follow the Fibonacci Retracement we will face the following goals.
lvl 1. 500 Satoshis
lvl 2. 580 "
lvl 3. 640 "
lvl 4. 700 "
lvl 5. 775 "
lvl 6. 875 "
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