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 On...
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
DNT on the weekly chart can be seen to have given birth to the 200MA on the USD pair this implies volatility while on the monthly chart price is clearly sitting above the Gaussian channel, which is also very bullish Great one to hold
Just re entered into DNT Structure forming looks extremely bullish Looks like the beginning of a large bull move Both on the BTC and USD pair I really like this coin, I just question its long term potential Meme factory is a banger
THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
District0x has broken out of fib ring This may lead it to move higher
plotting out some potential moves that DNT may make DNT currently has volume of 140million and counting jump on the bandwagon while you can This is my favourite altcoin
Fibonacci spiral idea for District0x Enjoying these spirals
DNT is sitting above 200MA Looks good My chart on how these coins are 'baby coins' and are still pending their real breakout
Strong horizontal support present. Simple analysis. Movement upward into the horizontal range likely. This is my favourite coin and in my 'un-biased' opinion xd I believe it has huge potential. Linking my chart to my young alts comparison, shows a good view on these alts.
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!
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.
Simple descending scallop, looks as if a lot of accumulation is occuring..
DNTBTC Volume.. Institutional presence can be seen in late 2017