DNTBTC LOOKS INTERESTING FOR LONGSDNT looks pretty interesting for longs at this time. Why?
We're currently at a strong level of support on the daily timeframe.
The previous daily candle at the time of writing, closed strong bullish with this candle rejecting the level as well.
The technicals show that a bounce could be incoming. So we're long with stops below the level and targets into space
Dntbtcbinance
District0x macro trendThere is a clear time cycle pattern with DNT which lasts for approximately 180 days, from pick(wave 1) to pick(wave 3). Based on this observation, there is a high probability that we reach the wave 5 by August. Usually the wave 4 is a chart pattern(here we have a symmetric triangle which validates our wave count).
Another observation, using log fib extension, we see that wave 3 it was the 261% extension of wave 1. Remember that wave 3 is never the shortest wave. We may expect the wave 5 to reach a fib level. We have various bullish levels from 4usd(most probable) to 17usd and the most bullish (but still realistic) target around 190 usd!
Last note, i am expecting the sub wave 5 of the major wave 5, and final leg up, to break the ascending channel. If this break happens before the sub wave 5, the levels between 17-190 usd are totally possible.
Remember, Stay safe!
dntbtcIf the candle is closed above the surface during the daily time.
In the next candle and by returning to the level in the lower periods of time, you can enter the purchase.
The goals in the image are clear.
Please also pay attention to bitcoin movements and be careful
DNT/BTC (Holding Major Support?)💎Technical Analysis Summary💎
BINANCE: DNTBTC
-District0x is now at the strong confluence of support
-We can see the selling pressure starting to cool down
-This is a good sign for a potential upside correction
-DNT needs to hold this area for a few more days
-And Bitcoin don't start dumping because Altcoin will follow
-Please observe both markets so you can have a good trading plan
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DNT Aiming for 100+ Satoshi's DNTBTC currently sitting on purple EMA level, this may push higher to 100+ Satoshi's, following the parabolic rise on the 4H chart. If not it will form a H&S which I have drawn an example. Lets go DNT!
DNTBTC formed bullish Gartley | Upto 43% bullish move expectedPriceline of DistricOX / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000075 to 0.00000067
Sell between: 0.00000081 to 0.00000096
Regards,
Atif Akbar (moon333)
DNTBTC Moon fractalI know its a long shot but here me out, This smart contract platform allows you to build and govern your own districts, including already created meme factory, which has huge potential, for the use of buying and selling memes. Built on the Ethereum blockchain which means it is reliable and fast. 0.86 regression downtrend.
Overall my favourite alt project, huge potential.
DNTBTC forming bullish Crab | A good long opportunityPriceline of district0x district0x (DNT) / Bitcoin is forming a bullish Crab pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss, in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000082 to 0.00000079
Sell between: 0.00000089 to 0.00000084
Regards,
Atif Akbar (moon333)
