DNT-USD ESCALATION IN 2021 BULL CYCLE Coinbase Chart
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 November 2020, always relying on the ascending trend line and MA50 on the daily chart. If this narrative is still valid, we can expect a new jump to be accomplished within one or two days and then another accumulation area. The actual targets for the short term are 0,6 and 0,8 dollars.
It would turn into a bearish scenario in case one daily candle would close below the red trend line.
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 November 2020, always relying on the ascending trend line and MA50 on the daily chart. If this narrative is still valid, we can expect a new jump to be accomplished within one or two days and then another accumulation area. The actual targets for the short term are 0,6 and 0,8 dollars.
It would turn into a bearish scenario in case one daily candle would close below the red trend line.
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