District0x (DNT) reversal - buying opportunity
Updated
TA:
~ All time bottom has been hit around 350-400 levels
~ Daily TD Sequential hit a 9 at the bottom, which is a classic buy signal
~ RSI & MACD indicate a reversal in trend
~ Volume is building on the last hourly candles, indicating a breakout
FA:
~ Chronobank.io is planning to deploy the District0x infrastructure within their community
~ Ethlance is being ported to the District0x infrastructure
~ Development of the District0x environment will be sped up by releasing a new platform, Bounty0x, where a decentralized platform offers contribution to development through bounty rewards
TL;DR:
Several projects are expected to be completed & released by District0x throughout this month and with the market cap sitting at 16% of its all time high there is plenty of upside to be gained.
How to trade:
Buying below 450 levels is a good buy
Stop loss @ 370
Sell parts of your positions on the way up between target 1 & 2 as total volume is relatively low compared to larger coins
~ All time bottom has been hit around 350-400 levels
~ Daily TD Sequential hit a 9 at the bottom, which is a classic buy signal
~ RSI & MACD indicate a reversal in trend
~ Volume is building on the last hourly candles, indicating a breakout
FA:
~ Chronobank.io is planning to deploy the District0x infrastructure within their community
~ Ethlance is being ported to the District0x infrastructure
~ Development of the District0x environment will be sped up by releasing a new platform, Bounty0x, where a decentralized platform offers contribution to development through bounty rewards
TL;DR:
Several projects are expected to be completed & released by District0x throughout this month and with the market cap sitting at 16% of its all time high there is plenty of upside to be gained.
How to trade:
Buying below 450 levels is a good buy
Stop loss @ 370
Sell parts of your positions on the way up between target 1 & 2 as total volume is relatively low compared to larger coins
Trade active
We have left the buying zone, from here on out you can start taking profits where you feel comfortable although I think we still have a long way up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.