DNX Formed Bull Flag! Target $0.4
Updated
Hello,today I'm going to analyze a unique coin called DNX.
1)DNX has currently formed a Bullish Flag pattern, and the price has already broken out from the $0.25 resistance level.
2)As we all know, the Bull Flag pattern is a continuation pattern, indicating that the price is likely to continue its upward move.The target would be approximately $0.4 per coin.
3)We are also using the Oscillator indicator called MACD.The MACD Histogram is touching the 0 point. When the MACD Histogram crosses the 0 line, it provides us with a bullish or bearish signal. In this case, the MACD Histogram has touched 0 from a downtrend and is moving into an upward trend, indicating a bullish signal.
4)The 12(EMA) of MACD is soon expected to cross over the 25-day EMA. When this cross occurs, it signifies a strong buy signal. Additionally, the MACD lines are currently above the histogram's 0 line, which is another bullish signal.
About Fundamental
1)DNX has L1 native Private blockchain transactions.
2)DNX is the world's first Neuromorphic innovation, Supercomputing blockchain.
3)DNX can be used by companies that want to develop Neuromorphic chips.
4)DNX platform can be used by pharmaceutical companies for Drug discovery.
5)DNX platform can be used by genomics companies for DNA.
6)DNX can find the optimal stem configuration of the tobacco mild green mosaic Virus.
7)DNX platform can be used by smart city.
8)DNX Annealer is at the core of Dynex Machine learning.
9)DNX SDK can be called from any Python code.
10)DNX have more than 100,000 GPUs empowering the Dynex computing platform.
In my opinion, DNX has the potential to reach a price range of $15 to $25 during the next bull run.
I hope this analysis will be helpful to many people. If you agree with my analysis, please hit the like button and subscribe :)
1)DNX has currently formed a Bullish Flag pattern, and the price has already broken out from the $0.25 resistance level.
2)As we all know, the Bull Flag pattern is a continuation pattern, indicating that the price is likely to continue its upward move.The target would be approximately $0.4 per coin.
3)We are also using the Oscillator indicator called MACD.The MACD Histogram is touching the 0 point. When the MACD Histogram crosses the 0 line, it provides us with a bullish or bearish signal. In this case, the MACD Histogram has touched 0 from a downtrend and is moving into an upward trend, indicating a bullish signal.
4)The 12(EMA) of MACD is soon expected to cross over the 25-day EMA. When this cross occurs, it signifies a strong buy signal. Additionally, the MACD lines are currently above the histogram's 0 line, which is another bullish signal.
About Fundamental
1)DNX has L1 native Private blockchain transactions.
2)DNX is the world's first Neuromorphic innovation, Supercomputing blockchain.
3)DNX can be used by companies that want to develop Neuromorphic chips.
4)DNX platform can be used by pharmaceutical companies for Drug discovery.
5)DNX platform can be used by genomics companies for DNA.
6)DNX can find the optimal stem configuration of the tobacco mild green mosaic Virus.
7)DNX platform can be used by smart city.
8)DNX Annealer is at the core of Dynex Machine learning.
9)DNX SDK can be called from any Python code.
10)DNX have more than 100,000 GPUs empowering the Dynex computing platform.
In my opinion, DNX has the potential to reach a price range of $15 to $25 during the next bull run.
I hope this analysis will be helpful to many people. If you agree with my analysis, please hit the like button and subscribe :)
Trade closed: target reached
Target was reached, $0.4 per-DNX
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