Pips_In_Paradise
Long

$District0x , $DNT looking For It's Chill...

BINANCE:DNTBTC   district0x / Bitcoin
Weekly
Looking at our highest timeframe we see price has broke it’s uptrend from March back in May. Price has since been in a bear market, stochastic rsi showing momentum continuing towards the downside. Expecting a drop towards 575 if we do not hold at this level.

Daily
Shifting over to our pattern timeframe we see price is respecting a bearish channel , DNT has pierced our major support zone . Stochastic RSI showing momentum is extremely bearish with no signs of slowing down. Next major support level at 550-575 satoshis.

4Hour
Finally looking at our trigger timeframe we see price has broken and close below our major support zone . Stochastic RSI showing momentum is heading towards the upside, however price action is showing otherwise. A 4hour close above 750 activates our trade, however if we fail to close above this level expect the sell off to continue.

Conclusion
Wait for the drop towards 550 / 4Hour close above 750

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