Fibonacci spiral idea for District0x Enjoying these spirals
DNT has a very nice weekly candlestick and the last Doji will help DNT rise to the zone of 100-110sts and if it breaks this zone, the target of DNT will be 160-170sts Cancel this idea if DNT closed the daily candlestick under the bottom of the last Doji at 63sts
Chart explains Chart pattern on DNT chart
Using fib circle we can see that DNT is having a hard time overcoming the 2.618 Fibonacci line Possible bullflag, i'd like to think this is a bear trap.
This is an example It may not look very strong or bullish It may look like it is proped up on nothing But this is a very bullish structure Looking for bullish continuation of the green fib wave according to my fib waves idea.
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.
DNT has formed a falling wedge, this is a bullish pattern.
DNTUSD has produced a LARGE descending scallop, this has been a very successful trading pattern for myself, currently sitting way below the Gaussian channel trend, which is a good sign for an entry point if you are looking to go long. My favourite altcoin! A great opportunity!
This pattern has been appearing across a wide range of alt coins including Fetch and District0x, district0x in which i am long on. Is this a bullish pattern? Alt coins may be on the VERGE of large growth. The pattern shows a clear top with an indistinguishable shoulder formation. Any comments on the formation would be helpful.. Cheers Bixley
DNT has produced a bullish divergence on the ETH pair. Divergences are a great way to identify possible market reversals.
As you can see both alts 'flatlined' after a large retracement, Lisk has already begun a reversal, DNT will likely reverse also. I have seen alot of charts like this lately where there is a flatline zone, and a reversal has begun to take place.
Descending scallop, highest success rate out of all chart patterns used by myself.
Simple descending scallop, looks as if a lot of accumulation is occuring..
Looks pretty active right now, resistance may be seen in the short term, target is 0.236 fib line. However i believe this coin has more potential than ~140 sats. Hodl.
Comments and professional advice requested in comments. :)