Price is currently trending along the bottom of the Bearish Gaussian Channel
This allows price to progress and eventually the channel will flip green
A lot of similarities to a previous time on DNT which I will link the chart below
District0x is slowly climbing up. The recent drop provided a nice buy point. As can be seen on chart there is a broadening wedge with a falling wedge sitting within it. This is a very bullish setup. Fractal pretty random because of the nature of hourly charts but I gave it a shot. Lets see where this goes.
BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Reasons to buy using a STOP-LIMIT order:
1. Valid break-out pattern with a clear consolidation zone
2. Long period of accumulation within pattern
3. High return on investment (76%) with massive 4.25:1 risk/reward
4. Buy low / sell high
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Today we are longing DNT/BTC on bittrex at 1000 sats.
Price is approaching a major long term uptrend line that has shown its strong support many times. This is where we will be buying.
Compared to historical buy volume, there has been a poor display of bear selling in this bleed out, with volume currently at its lowest, showing the bears are going back into...
Found this way too late, was too invested into other things but better late than never
again, simple trend lines show huge burst of interest, so now we wait for the dump. at the time of this analysis, hourly trend shows strong resistance to break higher. expect a good drop in next few days for another entry point for short term investments. Similar to another coin...
