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
Noted today via a little BTC correction that the newly added to Coinbase Pro District 0x (DNT) was in a 21 percent pullback relative to listing price. I had to whip open TV right away and take 5 steps back to the deep weekly structure... to which I added an obvious Fib, strong diagonal support/resistance coming to a bull-flag looking wedge. Couple that with the...
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
With the MA's being aligned like this I think the triangle scenario with a breakout to the upside is more likely than the double top prevailing
This coin has already undergone extreme growth, will we see more?
Previous touches on the 50MA led to an 800% increase
What will happen this time?
the bitcoin pair also looks very appetizing with the monthly price sitting on the middle band of the Gaussian Channel
DNT Bouncing from horizontal support and forming cup and handle on 1D timeframe and breakout is possible in coming days so buy and hold your horses for massive gain in mid-term.
in one-day time frame dntusd break the support trendline reason bitcoin dump
so dntusd again in buying zone so buy more
and wait for the right time to sell
in long term
in short term, I don't know how much time take dntusd to pump
so take risk
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...
DNT just bounced from the yearly open, which indicates a strong bullish trend. We need to hold this level so we can establish a strong support area for the next bear market.
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
You wouldn't even think a comparison between DNT a small cap altcoin and Bitcoin would be relevant
Yet it works
Almost identical MACD structures and also price structures
extremely interesting
Testing the 50MA for a bullish rejection
District0x is one of my favourite coins
It has formed this rounded top structure while in stages of reversal from a large bear market, in fact it has reversed a lot
I think this reversal will continue throughout the year, with this structure leading to a bullish breakout
It just takes time
I found an interesting pattern. The last time that price dropped in a similar manner, it was in sub wave 4 of wave 1. Perhaps less violent.
How i did it: So I measured the sub wave 4 of wave 1, and found that sub wave 5 went up to 300% log fib extension. I did the same with wave 4 and used the same fib extension and found the price targets of 7usd area.
Same...
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...
