NO BEAR MARKET FOR THIS GEM.DNX don't know what "bear market" mean. In a massive bullrun since his launch in September 2021.
Just DYOR and enjoy life.
I'm not a financial advisor you invest at your own risk.
DNXUSDT trade ideas
DYNEX - REQUIRED CORRECTION TO 0.236 FIBOHello everyone! Update on DYNEX idea.
As I wrote earlier on coinmarketcap that after breaking through the resistance zone around $0.36 we can expect the continuation of the upward movement up to $1.8, which is the zone of working out the figure of technical analysis ascending triangle.
But the growth cannot be without correction, so let's consider variants of price movement.
The first - correction can be up to the local uptrend line in the area of 0.56-0.59$.
The second - correction to the level of 0.236 Fibonacci or 0.51$. This option is more logical for me as after a strong growth it is necessary to let the asset cool down.
The asset should not fall below $0.40 as there are two more factors supporting the price: the global uptrend line and EMA 200.
What do you think? Write in the comments.
This is not a financial recommendation, everything you do is at your own risk.
DNX Formed Bull Flag! Target $0.4Hello,today I'm going to analyze a unique coin called DNX.
1)DNX has currently formed a Bullish Flag pattern, and the price has already broken out from the $0.25 resistance level.
2)As we all know, the Bull Flag pattern is a continuation pattern, indicating that the price is likely to continue its upward move.The target would be approximately $0.4 per coin.
3)We are also using the Oscillator indicator called MACD.The MACD Histogram is touching the 0 point. When the MACD Histogram crosses the 0 line, it provides us with a bullish or bearish signal. In this case, the MACD Histogram has touched 0 from a downtrend and is moving into an upward trend, indicating a bullish signal.
4)The 12(EMA) of MACD is soon expected to cross over the 25-day EMA. When this cross occurs, it signifies a strong buy signal. Additionally, the MACD lines are currently above the histogram's 0 line, which is another bullish signal.
About Fundamental
1)DNX has L1 native Private blockchain transactions.
2)DNX is the world's first Neuromorphic innovation, Supercomputing blockchain.
3)DNX can be used by companies that want to develop Neuromorphic chips.
4)DNX platform can be used by pharmaceutical companies for Drug discovery.
5)DNX platform can be used by genomics companies for DNA.
6)DNX can find the optimal stem configuration of the tobacco mild green mosaic Virus.
7)DNX platform can be used by smart city.
8)DNX Annealer is at the core of Dynex Machine learning.
9)DNX SDK can be called from any Python code.
10)DNX have more than 100,000 GPUs empowering the Dynex computing platform.
In my opinion, DNX has the potential to reach a price range of $15 to $25 during the next bull run.
I hope this analysis will be helpful to many people. If you agree with my analysis, please hit the like button and subscribe :)
DNX BULISH VIEWONE OF THE BEST PROJECT OF THE NEXT BULLRUN : Neuromorphic computer based on blockchain.
DO YOUR OWN RESEARCHES.
