RSI has double bottomed and is looking for new heights
I believe we are in the earlier stages of a larger breakout
RSI has been seen to also bottom along this horizontal in the past aswell.
I am long DNT
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
As price moves through the fib circle / ring price can change from bearish to bullish
Price has recently moved into its next fib ring and price is stagnant
It reminds me a lot of the earlier price action in the first blue circle, the second blue circle creates the uptrend, finishing DNT's bear period
Hi dear friends, hope you are well and welcome to the new trade setup of district0x ( DNT )
On a daily time frame, DNT has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
#DNT (DNTUSDT) Daily timeframe range. i am not gonna write from a bag holder or a shiller prospective, i will write whats real. if you zoomout the chart you can see lots of weak candles and wicks. thats explain how badly this alt been used in past by P and D groups. consistency in the price is not normal, means its a very high risk alt. but the coins that moves...
Taking another look at DNT I can see a bullish divergence developing and nearly completing on the weekly timeframe
while on the Monthly timeframe price is touching the 50MA, this is a nice correlation between the two timeframes
Last DNT analysis I suggested a recovery at the 50MA on weekly, now we are at the 200MA, a second point of support
Lets see if it acts...
DNT is retesting $0.06-0.65 zone and buying power still exists, we can believe in this zone at this time for high targets in the near future. When successfully testing this area, DNT will increase very strongly as it did in the past
♻️Condition : If 1-Day closes ABOVE 0.06$ zone
🔴Buy : 0.065 - 0.06
🔴Sell : 0.08 - 0.1 - 0.12
♻️Condition : If...
Billed as a "network of decentralized markets and communities," district0x is a platform that allows users to easily launch their own decentralized platforms which are governed by a decentralized autonomous organization (DAO) structure.
Each of these platforms is termed a “district” and can be launched free of charge on the district0x. The ecosystem...
DNTBTC Daily Technical Analysis
RSI indicator negative but others be POSSITIVE
Resistance price: 0,00000333 , ...364
Support Price: 0,00000304 , ...258 , ...245
If price stay under 0,00000304 next days can go up with strongly
On the left DNT can be seen through the MavilimW indicator to be forming a W pattern that is comparable to a previous point (grey rectangle) (points in red,yellow,green)
I believe another move up through the Fib circle will occur, just as it did in the first W
Price is also sitting right above the .786 Fibonacci line, which is also a strong sign for the bulls
$DNT broke out from descending resistance and confirmed it as support, now it can head up toward resistance zone, and if success to break above resistance zone, then possible to touch $0.47 in long term.
break down from support zone will drop price to $0.11.
Noted today via a little BTC correction that the newly added to Coinbase Pro District 0x (DNT) was in a 21 percent pullback relative to listing price. I had to whip open TV right away and take 5 steps back to the deep weekly structure... to which I added an obvious Fib, strong diagonal support/resistance coming to a bull-flag looking wedge. Couple that with the...
DNT is having strong rallies and we can continue accumulating it at $0.16 for $0.19, $0.22 and $0.30 targets in November. If it loses the $0.16 zone, we can continue to buy at 0.13$
♻️Condition : If 1-Day closes ABOVE 0.16$ zone
🔴Buy : 0.16
🔴Sell : 0.19 - 0.22 - 0.3
♻️Condition : If 1-Day closes BELOW 0.16$ zone
🔵Sell : 0.16
The green bars pattern that shows my predicted price movement is a very sharp rise
The actual rise may not be as sharp. This is just for TA and easier interpretation
I am a hodler of DNT and have faith that NFT's will blow this one up
I am using Fib circles to see price movement around the rings of the circle