District Ox Going To Breakout?๐Ÿ“ˆ

2๋…„ ์ „

Hey guys, Iโ€™m back with a chart analysis of District Ox (DNT) โ€” https://district0x.io

The basis for my breakout prediction is what is known as a โ€œcup and handle patternโ€

When this pattern forms during an uptrend (such as with DNT) it signals a continuation of the trend.

When it occurs during a downtrend, it signals a reversal.

It looks like a cup with a handle.

image

You can see what looks to be such a pattern in the DNT 1-month chart:

image

Iโ€™m going to position my sells somewhere around 1025 and 1075 satoshi, pending final adjustments. Iโ€™ll fugure.a 10-15% retracement afterwards then a continued uptrend to resistance around 1100 sat.

Remember this is just my thoughts, not investment advice... yadda yadda yadda blah blah blah

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order: ย trending
ย  ยท ย 2๋…„ ์ „

Looks like I called the breakout but the question is whether it will go up over 1000 sat.