nicostran
Giá lên

DNT... breakout imminent coming days? Or double top?

BITTREX:DNTBTC   district0x / Bitcoin
DNT             is a fast mover today. Broke out of the horizontal resistance, and may go on to retest the recent high near 1067 satoshis.

But I must war, it is still in the range to form a double top . It may need more time to consolidate as well, there is low volume , and this was a strong upmove. However, I can see it reaching this price target within coming days. It's a good swing trade setup.

Stops can be placed just below the blue support line, near 660. I also want to say that support seems to extends from 880-865, not on a single line.

I have also noticed a cup and handle formation, though this chart is on the 1 hr             , keep in mind. But it's not the "cup and handle" that matter, it's the idea behind this formation. There was a potential (rounded) bottom formed, followed by an upmove, and now there is a lesser period of consolidation.

If DNT             closes above the previous high, that would signal a higher high, and a higher low. All it needs is a bit more volume and there she goes.
But beware, until we breakout, this could theoretically become a double top ( bearish ), though I believe it is the less likely scenario

Still, patience is king. Wait for the breakout with confirmation. There is a strong upmove, and if you have money to lose, try your luck. But you are an educated gambler, not a trader!
Bình luận: Stops near 860, not 660. Apologies
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người kiểm duyệt Giải pháp Website & Môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã Xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất