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
There is a clear time cycle pattern with DNT which lasts for approximately 180 days, from pick(wave 1) to pick(wave 3). Based on this observation, there is a high probability that we reach the wave 5 by August. Usually the wave 4 is a chart pattern(here we have a symmetric triangle which validates our wave count).
Another observation, using log fib extension, we...
If the candle is closed above the surface during the daily time.
In the next candle and by returning to the level in the lower periods of time, you can enter the purchase.
The goals in the image are clear.
Please also pay attention to bitcoin movements and be careful
💎Technical Analysis Summary💎
BINANCE: DNTBTC
-District0x is now at the strong confluence of support
-We can see the selling pressure starting to cool down
-This is a good sign for a potential upside correction
-DNT needs to hold this area for a few more days
-And Bitcoin don't start dumping because Altcoin will follow
-Please observe both markets so you can...
DNTBTC currently sitting on purple EMA level, this may push higher to 100+ Satoshi's, following the parabolic rise on the 4H chart. If not it will form a H&S which I have drawn an example. Lets go DNT!
Priceline of DistricOX / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000075 to 0.00000067
Sell between: 0.00000081 to...
I know its a long shot but here me out, This smart contract platform allows you to build and govern your own districts, including already created meme factory, which has huge potential, for the use of buying and selling memes. Built on the Ethereum blockchain which means it is reliable and fast. 0.86 regression downtrend.
Overall my favourite alt project, huge potential.
Priceline of district0x district0x (DNT) / Bitcoin is forming a bullish Crab pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss, in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000082 to 0.00000079
Sell between: 0.00000089 to...
