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DNT

DNT/USDT - 4h - Analysis published on 03/15/2021Hey guys, it’s Cosmo 👩‍🚀 and I’m sharing a market update with you this Morning: We recognized unusual high exchange inflows of BTC in the last 24 hours (1. Coinbase Pro: 46 BTC, 2. Gemini: 19 BTC, 3. Bitstamp: 19 BTC, …). Exchange inflows traditionally signal intention to sell … and BTC is moving already! Let’s better be prepared … I took some profits on my long BTC position and I’m looking for some more SHORTS to hedge the remaining portfolio of LONGS against a possibly continuing dip of the general market. Today I’m analyzing the district0x (DNT) Token against USD: So, let's get started 😃 … Summary of the Analysis: DNT/USDT (4 hours time frame) Trends: Short Term - Bearish & Long Term - Strongly Bearish Crypto Screener™ (by TradingView) Rating: BUY Technical Indicators (by TradingView & intotheblock): SELL - Summary: 11 Bearish; 10 Neutral & 5 Bullish - Oscillators: 2 Bearish; 9 Neutral & 0 Bullish - Moving Averages: 9 Bearish; 1 Neutral & 5 Bullish Fundamentals: SELL - Circulating/ Total Supply = 60%; Max Supply unconfirmed --> SELL - 648 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) --> SELL - No SIMETRY™ Rating (by Crypto Briefing) - B Rating with stable outlook by TokenInsight - 49.2% out of 100% Asset Score™ by TokenInsight --> SELL - No Dynamic Performance Score™ by TokenInsight AI (Artificial Intelligence) by CENTRALCHARTS: SELL Multi Timeframe Analysis: - 1h (1 hour frame): neutral - 4h (4 hours frame): neutral - 1D (1 day frame): positive - 7d (last 7 days): neutral My Opinion: SELL - Bearish under USD 0.350 My targets: USD 0.248 (-11.2%), USD 0.213 (-23.7%) & USD 0.172 (-38.4% from current price level) DNT/USDT follows a strong bearish trend since relative high on 02/13/2021. Traders may consider only short (sell) positions if the price stays well below USD 0.350 (Stop Loss Level = 1st light green line above current price; +25.3% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum. Signal Force (0-10): 6 = strong force To sum up my opinion: I’m convinced that the district0x (DNT) Token is substantially overpriced with the recent PUMP ACTION (I still remember the last big pump and dump in 2018 !!!) and will retrace back to it’s lows from before the parabolic move (around USD 0.12). We broke monthly VWAP (volume weighted average price) downwards today (on 03/15/2021) which is a strong SELL signal. Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts! The trick is, that (because of good research) the longs perform better than the shorts in all market situations. Like and follow as the next analysis will focus on over- and underperforming (compared to BTC & USD) Coins or Tokens again. With this information you'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund. Heard about this? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level! Happy trading … please like, follow and comment! Published on 03/15/2021, 12:30 PM (UTC+1)
DShort
by MoonrakerCrypto
Potential money🆓Let's make money for the weekend,wolves🔥 There is a potential symmetrical triangle formation on DNTUSDT. Previous bullish trend was broken and price started to fall and now is in a consolidation. According to Elliott Waves theory Wave C is done and the price is heading to the Wave D. Triangle may be circumcised and it will breakout sooner. So follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
D
by Berzerk_invest
1
Predicting the future of DNTDNT has been on a steady rise for the past few months. As of today, DNT may retrace to the high 20's before a large run in the next 48 hours. I've been trading 15 years and seen this exact pattern so many times, I can pretty much see it in my sleep. Buying opportunity around .295 to guarantee fill. after that leg down we will see a 2X rise, leading into the coming weeks of potentially $2 before a major retracement below $1. NOTE: This is not investment advice. I like the coin.
Long
by UnknownUnicorn8584410
35
DNT descending triangleI had a buddy last week mention DNT forming a descending triangle with bearish divergence, and it looks like this may be what he is talking about. I think this looks like it could be very bullish, as that reversal looks like a bit of consolidation before we fly again... are we looking for more volume before the latter is the case or is this clearly bearish? It does seem to be resting around .30, so also thinking this could trend up to the .50 mark sometime in the near future. What do you see on your chart? Always doing more research trying to lock these patterns and trends in. Cheers and as always, thanks for the input!!
D
by skoobydooberson
1
DNT Approaches The Third BreakoutGuys and gals, I think we are approaching the third breakout! DNT is looking strong, yet again, and is making some attractive moves on the price line that appears to be giving us a sneak preview of what's to come. This is the 3rd ride for me. I took the first ride from 0.0077 to over seven cents and sold for a 9X return. Not a bad swing trade for holding approximately 2 months. I took the second ride from 0.049 average to 0.185 for a 4X return. Yet another great swing trade after holding for 2 months. This time, I have been accumulating all throughout the correction after the last peak, and I'm holding a nice bag after five purchases for a dollar-cost average of about 0.13. As you can see, we are trading above that green base level price, and it looks like it is holding strong. That quick pop to 0.25 was just a sneak preview, in my opinion, showing the strength of the next move when we make the official breakout to the next level. I LOVE what this project is all about, and that makes it all the more fun to play it. I'm a swing trader though, and I'll be the first to admit that I'm in this for the MONEY. But this time I may hold on for a longer period of time, because I think this project has a very high up side potential, based on the numbers. With a total supply of 1B and a circulating supply of only 751,221,716 this little gem has quite the potential to make a strong move in the future. If you look at similar projects with almost THREE TIMES the total and circulating supply that have popped to $1 during this alt season, I think it's very safe to assume that we could see DNT breaking above $2 in the coming months. Some are even projecting a peak run of up to $10. But we have to realize that it's just speculation. EVERYTHING in this crypto sector is purely speculative, and dangerous. There are risks. But if you don't roll the dice, you can't get the big fat returns. My strategy is to swing trade, and play with "free money". After my first two successful swing trades, I'm playing with no money out of pocket. So my risk tolerance is super high. If I have to gamble, I love to take on projects that have the metrics like this one, not to mention the fact that District0x is involved in one of the hottest sectors: Non-Fungible Tokens. While everyone else is clamoring over Bitcoin and Ethereum, I'm good with playing these little CoinbasePro "gold mine" USDC pair projects that give me MUCH bigger returns for the money. My strategy is to ride these little projects and take in the 5X, 10X, and 20X gains and THEN roll them into the big boys ETH, LTC, and BTC for the fall run. By the time I get done flipping these small cap projects, I'll have gained enough to cover my initial investment and then flip the gains into the more stable "big boy" projects for the long haul. This is what works for me, but you've got to play the market in the best way that fits YOUR risk tolerance level. As usual, don't blindly take the advice of random TradingView authors. Do your OWN due diligence, and don't blame anyone else for your own losses. I'm not your financial advisor, I'm just a hot-dogger that loves to flip tokens and fatten my bags! Keep your eyes on this one, and don't sleep on District0X! Carlton Flowers The CryptoPro
Long
by carltonzone
4
DNT - Potential 163% Move DNT district0x - Potential 163% Move! DNT almost done consolidating. Support Zone: 0.108620 Bullish Indicators -Stochastic: 30m, in sub 20 zone 1H, in the 50 zone -RSI: 50 zone for both 30m & 1H TF. -MacD: we still need this to cross above the neutral line. Look for this to happen at/near support. -Histogram: we still need this to start flattening, peaking at support and converting to pink. Look for this to happen at/near support. This combination of signals is usually indicative of a consolidation IN a bull wave cycle, giving district0x a strong set up for a big move up. -------------------------------------------- *Not financial advice. Just a sharing of opinion. Trade at your own risk.
by moneypenny555
DNT Bullish Continuation PatternAfter the entire market took a pullback on Friday 1/8/21 DNT has gathered itself in consolidation. But yesterday did manage to kick it out of its bullish momentum trend. Looking like a Bullish Pennant Pattern to me here. It could range for days here but also it could make a move as soon as tomorrow if the TA holds true as the pattern hits a decision zone. The strong support around .09-.10 area was never tested yesterday but I’m not overly concerned with that as of right now and see it as a positive with strong BUY support. Current buy/sell ratio is 50/50. Keep your eye on the volume, when it starts coming back DNT should seek new heights and get back to price discovery zone in green. If it goes south look for .09-.10 as strong support and excellent buy zone. I’m bullish here though. Just my thoughts not financial advice. What do you think?
Long
by T-Knox
2