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DNT

DNT descending triangleI had a buddy last week mention DNT forming a descending triangle with bearish divergence, and it looks like this may be what he is talking about. I think this looks like it could be very bullish, as that reversal looks like a bit of consolidation before we fly again... are we looking for more volume before the latter is the case or is this clearly bearish? It does seem to be resting around .30, so also thinking this could trend up to the .50 mark sometime in the near future. What do you see on your chart? Always doing more research trying to lock these patterns and trends in. Cheers and as always, thanks for the input!!
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by skoobydooberson
1
DNT Approaches The Third BreakoutGuys and gals, I think we are approaching the third breakout! DNT is looking strong, yet again, and is making some attractive moves on the price line that appears to be giving us a sneak preview of what's to come. This is the 3rd ride for me. I took the first ride from 0.0077 to over seven cents and sold for a 9X return. Not a bad swing trade for holding approximately 2 months. I took the second ride from 0.049 average to 0.185 for a 4X return. Yet another great swing trade after holding for 2 months. This time, I have been accumulating all throughout the correction after the last peak, and I'm holding a nice bag after five purchases for a dollar-cost average of about 0.13. As you can see, we are trading above that green base level price, and it looks like it is holding strong. That quick pop to 0.25 was just a sneak preview, in my opinion, showing the strength of the next move when we make the official breakout to the next level. I LOVE what this project is all about, and that makes it all the more fun to play it. I'm a swing trader though, and I'll be the first to admit that I'm in this for the MONEY. But this time I may hold on for a longer period of time, because I think this project has a very high up side potential, based on the numbers. With a total supply of 1B and a circulating supply of only 751,221,716 this little gem has quite the potential to make a strong move in the future. If you look at similar projects with almost THREE TIMES the total and circulating supply that have popped to $1 during this alt season, I think it's very safe to assume that we could see DNT breaking above $2 in the coming months. Some are even projecting a peak run of up to $10. But we have to realize that it's just speculation. EVERYTHING in this crypto sector is purely speculative, and dangerous. There are risks. But if you don't roll the dice, you can't get the big fat returns. My strategy is to swing trade, and play with "free money". After my first two successful swing trades, I'm playing with no money out of pocket. So my risk tolerance is super high. If I have to gamble, I love to take on projects that have the metrics like this one, not to mention the fact that District0x is involved in one of the hottest sectors: Non-Fungible Tokens. While everyone else is clamoring over Bitcoin and Ethereum, I'm good with playing these little CoinbasePro "gold mine" USDC pair projects that give me MUCH bigger returns for the money. My strategy is to ride these little projects and take in the 5X, 10X, and 20X gains and THEN roll them into the big boys ETH, LTC, and BTC for the fall run. By the time I get done flipping these small cap projects, I'll have gained enough to cover my initial investment and then flip the gains into the more stable "big boy" projects for the long haul. This is what works for me, but you've got to play the market in the best way that fits YOUR risk tolerance level. As usual, don't blindly take the advice of random TradingView authors. Do your OWN due diligence, and don't blame anyone else for your own losses. I'm not your financial advisor, I'm just a hot-dogger that loves to flip tokens and fatten my bags! Keep your eyes on this one, and don't sleep on District0X! Carlton Flowers The CryptoPro
Long
by carltonzone
4
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
My Problem with Alts - DNT as an exampleNo analysis needed. Just a random pump that lasts all of 15 or so minutes to the peak and then dump. At this point...they are, for the most part a joke from a long-term perspective. More than likely I will be setting some sell orders to grab as many ETH or BTC possible should BTC dominance shift down for a bearish phase. Not advising anyone on what to do, but...I should have been paying attention to crypto as much as I was the adult markets even a month or two ago. Feeling the burn on this right now.
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by JJMa
2