District0x - DNT (171% POTENTIAL PROFIT)
DNT About To Blow Up Like TNT
...
We've completed (or soon) a classic 3-3-5 ABC correction. After a correction comes a new set of impulse waves. There are a few bullish signs that could make this a good buying opportunity. As always I would recommend setting wide buy orders in case price drops even more. The RSI is diverging upwards and forming a ascending triangle while the MACD is showing bullish signs as well. I would however want to see a little more volume in the next impulse to be certain that we've completed the correction.
I'm pretty bullish on this coins technicals, however if we look in a wider perspective, this set of waves could just be a small part of a bigger ABC correction as shown in the 4th picture. Why? Well the 5th impulse wave was extended meaning longer correction. Stay prepared guys!
Investment summary:
⭐⭐⭐⭐ 4 out of 5 stars on this investment
💪 Short Term Target at 0.00001371 BTC
💲 Potential profit 61%!
🚀 Long Term Target at 0.00002358 BTC
💲 Potential profit 171%!
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ABC Correction
RSI and MACD
Targets
Wide Perspective
Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
Great analysis, definitely following you.
Someone else mentioned the "wedge"thing... thanks for illustrating it so well and the fact that we've broken the wedge again, so I guess it's time to feel much more optimism.
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