Giá lên

DNT breakout is coming +145% profit - part 2

BITTREX:DNTBTC   district0x / Bitcoin
This analysis is a continuation of DNT breakout is coming +145% profit idea that I published earlier.

While analyzing DNT , I found a perfect cup and handle formation that satisfies all the conditions of a good cup and handle formation. The cup and handle formation generally sign if the continuation of bullish trend . As the market is forming this pattern, it tests the old high. The handle is formed because of the selling pressure from investors who bought at the level of the old high.

Going through the characteristics of a cup and handle formation:
- The cup was a U shaped cup. -> Satisfied
- The cup was not deep. -> Satisfied
- Handle did not go below the middle of the cup. -> Satisfied
- Volume decreased as the price declined. -> Satisfied
- Volume remain lower than average in the base of the cup -> Not satisfied as we had some spikes in volume
- Backed up to test the previous high. -> Satisfied

The target for the cup and handle formation is determined by measuring the distance between the bottom of the cup to the handle breakout level. The same distance applied from the handle breakout should be the target for this formation.

More bullish signs?
Well, the 50 SMA and 200 SMA are about to crossover which is an indicator of a great bullish trend .

In case the bullish trend continues, the targets are the same from my previous chart.
- Cup and handle target: 0.00001014
- Target 1: 0.00001193
- Target 2: 0.00001495
- Target 3: 0.00002097

This trade was greatly based on the concepts found in the cup and handle article in investopedia

Good luck trading :)
***This information is not a financial advice. I am still learning and practicing.***
Bình luận: Cup and handle target reached.
In case you want to rebuy, entry zone is 890 to 950 sats
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà 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 đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất