One of the strongest coin at the market right now in my eyes. Huge volume means interest of whales and whales love profit... price should go through the cloud in the best case scenario... bit risky one. GL.
NOT A FINANCIAL ADVICE
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...
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
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
district0x First peaked in February 2021 with another high in April and finally May.
All three peaks reaching similar prices (green circles).
A long correction followed and an accumulation/consolidation phase has been going since early October.
Now, this phase of accumulation is reaching its end as we can see DNTBTC challenging today EMA50 and EMA100.
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
bagging up a Mid Term Trade of DNT here
Support and Demand zone forming around 340 - 370 Sats
EMA 100 at 410 Sats, if it breaks that resistance then next move will be upto 500 Sats
But this is mid term trade, dont expect it to move much in next 3 days, if it does well and good though
SL : 7% below support at 318 Sats
DNT looks pretty interesting for longs at this time. Why?
We're currently at a strong level of support on the daily timeframe.
The previous daily candle at the time of writing, closed strong bullish with this candle rejecting the level as well.
The technicals show that a bounce could be incoming. So we're long with stops below the level and targets into space
Pivot points on the Gaussian Channel
We can see the channel is opening bullishly (green)
and has reached a point on top of the channel
Last time it hit the top of the channel the price moved up ~400%
Price is floating above the top of the channel right now, providing us a great buy opportunity on the BTC pair
On the USD pair price has moved into 2.618 with a...
Going on LOG chart, we can find an ascending line. If we break and close below this line(below 300 sat), we may revisit the 150sat.
In my opinion, DNT has the potential to shock everyone and I am a long term bull. Anything below 1usd is cheap, if you are looking for the next 5-10 years investment horizon.
I will not sell anything below 20usd per coin. When it...