Get started

Dnx

DNX Is Flipping $0.4 Resistance Into Support Yooo everyone, it's been a while since I last posted on TradingView! I've been super busy and very active on X lately. Today, I’m going to analyze a special and unique coin called Dynex. DNX is the first Quantum Computing coin, capable of computing without limitations. It can solve real-world problems and uses a new mechanism called Proof of Useful Work (PoUW). That’s a brief overview of the fundamental analysis part, but today, I’ll dive deeper into the technical analysis. 1) Over the last 2-3 months, DNX has formed an Elongated Rectangle pattern. As we know, when we see an Elongated Rectangle pattern, the daily volume usually drops by about half, and the price gets stuck within the rectangle, bouncing from bottom to top. This often continues until investors hear some news about the coin, making them excited to jump onboard again. Recently, we had a major presentation about DNX's future plans and roadmap. Here are a few key highlights from the presentation: A Venture Capital (VC) firm with $50 million in capital has invested in DNX. DNX is developing a Silicon Quantum Computing Chip. Let me remind you, DNX currently has a market cap of only approximately $40 Million. With the addition of $50 Million from the VC, the demand for DNX is likely to rise significantly. 2) On September 26th, DNX attempted to break out from the $0.40 area, but after an instant rise to $0.45, the buyers didn’t have enough strength to flip resistance into support. This was followed by a drop back to $0.30, which is known to be the strongest horizontal support zone. Buyers are heavily protecting this level, and like before, DNX once again bounced significantly from $0.30, reaching up to $0.48. This time, the volume has increased dramatically, from 300K to 1.5M, indicating that more buyers are on board. With this increase in volume, there’s a higher chance we might finally break through the stubborn $0.40 resistance zone. After forming the recent $0.48 peak, as with every breakout, we need a retest for final confirmation. Currently, buyers are working to convert the $0.40 rejection zone into support. It’s likely we can hold this level and push the price higher. Additionally, the Fibonacci 0.61 area perfectly aligns with the $0.40 resistance zone, meaning we could see a bounce from $0.40 and finally switch it into support. 3) Target Update: Currently, DNX is expected to reach $0.60 in the coming weeks. The rectangle pattern target also aligns with approximately $0.60. This level is extremely important because it represents a 1-year horizontal accumulation zone around $0.60, which is now acting as resistance. If we manage to break out from $0.60 and reclaim our previous accumulation zone, holding it for 1-2 weeks, we can aim for the previous ATH of $1.40 and potentially break it as well. Thanks for reading my FA and TA analysis! If you enjoyed it, hit the like button and follow me for more updates!
Long
by odbashWizard
DNX/USDT in Perfect Position for Bullish Reversal |🚀 Be Ready💎Paradisers, let’s zoom in on #DNXUSDT. It’s showing signs that it might start to increase in price from the current support level. 💎What’s Happening with $Dynex? After moving out of a downward trend, $Dynex is at a point where it could start to challenge the resistance at $0.933. The trading volume is low right now, but if it starts to pick up at the support level, $0.689, we might see the price begin to climb. 💎If #DNX falls below its current support level, we may need to look for a rise from the next support level at $0.555. If the price doesn't manage to start an upward trend from this point, it means the price will continue to drop. 💎It’s important to keep an eye on $DNX and be ready to change our strategies as the market changes. Stay sharp!
Long
by MyCryptoParadise_Simon
6
Will DYNEX form a 5-wave Elliott wave structure?Hello everyone! Last time I did a review on DYNEX, I mentioned that I expected a correction after a strong rise to around $0.85-1.02, and then I anticipated a continuation of the upward movement of the asset. However, it didn't quite turn out that way. After the correction to $0.85, the asset continued to decline to around $0.63, and there were further price drops below $0.50. After that, the asset entered a sideways movement with higher daily highs. Now, I suggest considering the following scenario for price development. On the weekly chart, it can be assumed that a 5-wave Elliott wave structure is forming. Confirmation of this would be the continuation of the asset's rise in the near future. If the asset continues its sideways movement, then this idea becomes invalid. All targets are shown on the chart. This is not financial advice; everything you do is at your own risk!
Long
by neverovv
DNX Is Going Straight To $1.5! DNX Holds 24% Of All GPU Mining👀Hello everyone, today I'm going to analyze one of the fundamental coin, which holds 24% of all GPU mining power. It's called DNX. 1) On the daily chart, we have formed an Ascending Triangle pattern. It's not a perfect ABCDE wave movement, but it's not bad either. Recently, we broke through the resistance level of $0.95 in the Ascending Triangle pattern and rise approx $1.20. We later retraced back to the previous resistance level of $0.95, and currently, the price is stabilizing in the range of $0.95 to $1. If we can successfully convert the previous $0.95 resistance level into a support level, we may see some sideways movement before a potential upward trend that could bring us to the Ascending Triangle target of $1.50 per coin. 2) I mentioned a downward trend marked by a red line. When the price broke out of the downtrend line, we was rise little bit and then saw some sideways movement. After this consolidation, we began to establish Higher-High and Higher-Low, and downward movement was finished. Currently, we are in an upward phase, characterized by each successive Low being Higher than the previous one. 3) We also have a diagonal support line, and it has been holding up well. The price has bounced off this line two times already, and currently, we are seeing the third bounce from the upward trendline. If this bounce hold, we may see some nice price action. 4) DNX on the daily chart have a bullish Divergence. On the RSI indicator, we see a Lower-Low, while on the price chart, we see a Higher-Low. It's a good sign too. 5) RSI is also holding steady in the 50 range, showing some strength. 6) On this analysis, the target for DNX is $1.5 per coin in the short term. For the long term, it has the potential to reach $3 - $5 per coin by the end of the year. If you find this analysis is helped you, please hit the like button and subscribe me :)
Long
by odbashWizard
$2.5 per DNX Will Come Sooner Than You Think👀Hello, ladies and gentlemen. Today, we are going to take a deeper look at the DNX/USDT pair. 1) We know already that the Elliott Wave is the best tool for detecting market Cycles.We already was formed Elliot Wave 1 (Impulse Cycle) and Elliot Wave 2 (Correction Cycle), and next Cycles is more easy to guess if we already have two Cycles formed. 3) The price might Consolidate around the $0.95 zone for a few days,after that we could witness the formation of Impulse Wave 3.But i believe there is a low chance of Consolidation, my guess is that we will proceed directly to forming Impulse Wave 3 in the Cycle. 4) Impulse Wave 3 Cycle top will be $1.7 per-DNX, followed by Elliot Wave 4 (Correction Cycle).The bottom of Correction Cycle 4 is expected to be at $1.3 per DNX. 5) After we get Formed Elliot Wave 4 (Correction Cycle),followed by Elliot Wave 5 (Impulse Cycle).We know already Impulse Cycle 5 in Elliott Wave will must be more long Cycle than other ones.The top of Impulse Cycle 5 is expected to be at $2.5 per DNX. 6) We have also included the RSI in this analysis to gain a broader view of the chart with different indicators.The RSI is currently showing a key Support zone around the 40 level for several times, and price was successfully bounce from those levels to upside, so 40 level is important for hold, and we can expect price Reversal soon.RSI is now showing more strength at 40 level zone,and RSI is not a OverSold zone thats the important. *Note - All Elliott Waves were measured by FIB levels,and this analysis last target is $2,5 per-DNX. Hope this analysis will help a lot of peoples :)
Long
by odbashWizard
DNX Will Go To $1 Through Elliott WavesHello, everyone! Today, we will delve into a future vision of the DNX chart. Let's explore its potential and implications together! 1) In the last few days, DNX experienced a parabolic movement from $0.35 up to $0.8 cents. After that, we formed a price peak at $0.8 cents and underwent a downward correction following the Elliott Wave ABC correction, eventually reaching $0.5 cents approx. 2) We all know that after the completion of the Elliott Wave ABC correction, the price can enter a consolidation phase for some time. Following this consolidation period, we can expect to witness a new upward momentum,with new Elliott impulse Wave 1-5. 3) All Elliott Waves were measured by FIB levels.This forecast target will be $1 per - DNX. 4) I have also examined the DNX logarithmic chart, and it is filled with Higher - Highs and Higher - Lows. This indicates that DNX is in an uptrend.
Long
by odbashWizard
DYNEX - REQUIRED CORRECTION TO 0.236 FIBOHello everyone! Update on DYNEX idea. As I wrote earlier on coinmarketcap that after breaking through the resistance zone around $0.36 we can expect the continuation of the upward movement up to $1.8, which is the zone of working out the figure of technical analysis ascending triangle. But the growth cannot be without correction, so let's consider variants of price movement. The first - correction can be up to the local uptrend line in the area of 0.56-0.59$. The second - correction to the level of 0.236 Fibonacci or 0.51$. This option is more logical for me as after a strong growth it is necessary to let the asset cool down. The asset should not fall below $0.40 as there are two more factors supporting the price: the global uptrend line and EMA 200. What do you think? Write in the comments. This is not a financial recommendation, everything you do is at your own risk.
Long
by neverovv
DNX Formed Bull Flag! Target $0.4Hello,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 :)
Long
by odbashWizard