A MACD observation showing a cross on the Monthly timeframe.
It is either crossed or about to cross over, this could be very bullish for DNTUSD
Observational post
RSI has double bottomed and is looking for new heights
I believe we are in the earlier stages of a larger breakout
RSI has been seen to also bottom along this horizontal in the past aswell.
I am long DNT
Price is currently trending along the bottom of the Bearish Gaussian Channel
This allows price to progress and eventually the channel will flip green
A lot of similarities to a previous time on DNT which I will link the chart below
A bullish comparison of a previous rise in price and the current state of price
Similar deathcrosses of the 50 and 100ma are evident above the 200ma as support
I like DNT
An idea for DNTUSD showing an angled inverted head and shoulder pattern
We are currently going to experience the right shoulder which is a bullish phase
Above the downtrend line also
DNT has broken out spectacularly
it has broken above the 50,100 and 200MA lines
Support will now be found on the 200MA
From here price is really free to move around
As price moves through the fib circle / ring price can change from bearish to bullish
Price has recently moved into its next fib ring and price is stagnant
It reminds me a lot of the earlier price action in the first blue circle, the second blue circle creates the uptrend, finishing DNT's bear period
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
The volume impact scanner caught the DNTUSDT when the volume increased more than 1000% it was too early before it goes into an uptrend ,then it did more than 50% in profits
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...
DNTUSD seems to be bullishly pushing up, none the less, sideways action can be expected to reset RSI if necessary. I have targets around $0.15 and $.17 to match up with smart money buying. I would setup a tight stop around $0.14 . NFA, DYOR
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
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...
i remember buying this coin back in 2017.. although I have not been paying attention on the development side i think this will pamp hopefully 10X or more
