DNTUSD Another Look With RSI 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
Key stats
Market capitalization
28.6MUSD
Fully diluted market cap
28.6MUSD
Trading volume 24h
1.695MUSD
Circulating supply
1B
DNTUSD Monthly BullflagA bullflag has emerged on the Monthly chart for DNT
Its small so far
Upside breakout is possible
DNTUSD - Moving Along Bottom Of GaussianPrice 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
DNTUSD BullishA 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
DNTUSD - Inverted H&SAn 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
DNTUSD Similar Higher Lows Higher low evident from this massive down wick to now
Last time this occurred price rose dramatically
Bullish comparison
DNTUSD - Cleared MA'sDNT 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
bull market gains vs bear market gainswhen performing trades during the bear market you have to be realistic with your forcasts.
bear markets are still profitable and sometimes there is manipulation with short rallies.
comparing the percentage on gains is nothing compared to a bull market.
this chart shows trading i took. I did NOT get
DNTUSD Potential Uptrend CreationAs 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 peri
district0x (DNT) - Bullish divergenceOn the above 1-day chart price action has corrected over 90% since last April 2021. A number of reasons now exist to be bullish, including:
1) Double “incredible buy” signals. Don't often see those.
2) Regular bullish divergence.
3) Price action resistance breakouts.
4) Latterly on the BTC pair
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
