After the halving, I am expecting #DNT to start outperforming BTC.
Price ranges around $0,80 -$2 the coming Bull-Run
In the short term, we are in the accumulation phase, DNT did a %-75 correction after bottoming out.
DEFI will probably start running in the coming few weeks.
Three scenario's
-1. up and breakout
-2. up to local high, and continuation until trendline is hit.
-3. continuation of the current PA of the trend until July.
*bonus
-4. PA falls below 0.04 then I'd see it as a trend reversal into a bear.
I wouldn't mind if it came down to 0.045, to test a broader trend. But we'll see.
For now, I'll put a buy order around 0.045...
First and foremost, this is not financial advice. All financial decisions are your responsibility.
What do you guys think about this one?
The volume suggests this structure to be a bull flag. Often leading to a continuation of prices. These usually have a higher than 50% probabiity of upside.
One to watch 👀
DNTUSD is repeating its pump during the bear run of the channel
I expect a new ATH to be seen or at least a high to what was previously seen
Interesting pump cycle
It’s possible to see a push to .06 in coordination to the 7th of feb.
We could also see a rapid retrace due to it being up 40%+ I. The past week.
But judging by how we saw BNT have a 220% increase in just 1 week we could see this coin trying to catch up with the previous market that has since retraced. Just keep an eye on this one could see some quick profits or...
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
On 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 (below) a life cross is printed. Interestingly price action breaks...
We saw a big pump and dump but found support at 0.13 now trending up, vol is picking up and social talk buzz is up. I see this right now as gathering support to a run up to 0.18 0.19 and then down to 0.08 this week, but then up over the month of May. Long term I think it will hit 0.90 to 1.00 by years end or Jan 2023. also see this going over $2.50 by 2024. this...
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
