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
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?
Possibly seeing a symmetrical triangle pattern for DNT. This is a price consolidation period meaning price can move in either direction. Watch for a higher high or lower low for the direction of movement. *NOT FINANCIAL ADVICE* Only sharing to get feedback and other opinions.
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
Hidden bullish divergence happens when the price is making a higher low (HL), but the RSI is showing a lower low (LL).
Based on this, in the next few weeks, I am expecting a strong bounce from here.
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...
Using logarithmic chart, we can clearly see an ascending channel. Maximum time before ending this consolidation is around 20 more days, as long as we hold the 22 cents level. I am staying bullish for the time being. For long term i see around 4-5 usd per coin.
Stay safe !
DNT Coin is consolidating under the flat channel and seems profit-taking has just brought it down after this pullback it will bounce hard from Daily 20 ema towards the next target 0.4-0.6
below daily 20 ema we can consider a short-term bearish movement and accumulation in dnt , for now so far so good..
Fibonacci 0.5 pocket touched and bounced!
If DNT can continue this upward momentum and pass the $.40 area, we may be seeing a big move coming soon. I'm keeping my eye on this.
This is not financial advice. These are just my ideas and opinions.
I'm following the bullish trend of DNT since one year now, when it was at $ 0,006.
In Nov. 2020 it jumped from 0,0085 to 0,084 10x!
Jan. 2021 topped at $ 0,21, Feb. at 0,45. Since then it has been accumulating in an ascending triangle that's being broken at the time of writing. We can see a narrative of big jumps and then down the slope three times in a row since...
DNT looks like it may be finally breaking out of this consolidation which has been going on for about 2 months. Resistances are around $.39 and $.45. Watch the fib levels.
MACD also has a flip upward on the 1D chart.
Let's see what happens...
This is not financial advice. These are just my opinions and ideas.