District0x (DNT) reversal - buying opportunity
TA:
~ 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
~ 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
Trade active:
We have left the buying zone, from here on out you can start taking profits where you feel comfortable although I think we still have a long way up.