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DNTUSDC

DNT - Potential 163% Move DNT district0x - Potential 163% Move! DNT almost done consolidating. Support Zone: 0.108620 Bullish Indicators -Stochastic: 30m, in sub 20 zone 1H, in the 50 zone -RSI: 50 zone for both 30m & 1H TF. -MacD: we still need this to cross above the neutral line. Look for this to happen at/near support. -Histogram: we still need this to start flattening, peaking at support and converting to pink. Look for this to happen at/near support. This combination of signals is usually indicative of a consolidation IN a bull wave cycle, giving district0x a strong set up for a big move up. -------------------------------------------- *Not financial advice. Just a sharing of opinion. Trade at your own risk.
by moneypenny275
DNT Bullish Continuation PatternAfter the entire market took a pullback on Friday 1/8/21 DNT has gathered itself in consolidation. But yesterday did manage to kick it out of its bullish momentum trend. Looking like a Bullish Pennant Pattern to me here. It could range for days here but also it could make a move as soon as tomorrow if the TA holds true as the pattern hits a decision zone. The strong support around .09-.10 area was never tested yesterday but I’m not overly concerned with that as of right now and see it as a positive with strong BUY support. Current buy/sell ratio is 50/50. Keep your eye on the volume, when it starts coming back DNT should seek new heights and get back to price discovery zone in green. If it goes south look for .09-.10 as strong support and excellent buy zone. I’m bullish here though. Just my thoughts not financial advice. What do you think?
Long
by T-Knox
2
DNT / USDC Long PositionRecently DNT has been showing some aggressive / somewhat silly gains. I bought in at .009 and noticed recently that it had hit a gain of up to .07 - I was seeing almost 1000% gains. What is happening now, is another wave up - which I believe will at least hit the height of the last wave, but should extend past, as the Fibonacci Support zones were not passed - and the price did bounce off the 50% line. It was more of a consolidation at that point, and not a direct bounce, which meant selling pressure = buying pressure. Keep your eye on this one. Civic already making the gains.
Long
by Shwayze