District Ox Going To Breakout?๐Ÿ“ˆ

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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.


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


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

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