DistrictOx Network (DNT) Elliott Wave Analysis; Target $0.38 (791% Profit Potential)
SUMMARY
District0x Network (DNT) clearly fits into the "hurry up and wait" syndrom of Altcoins. In other words, the impulse waves are completed in no time while the corrective waves take almost forever! You can see how DNT wasted no time in completing the blue roman numeral waves i,ii,iii,iv,v and the it has taken twice as long to correct. Well, this correction has more to go, but, if my forward discernment on the chart pattern for a cup & handle is correct, then prices should be in the upswing stage as shown in below chart. Following the completion of the handle pattern, prices should then waste no time impulsing up again as shown by the white roman numeral waves i,ii,iii,iv,v.
Here is a didactic explanation of the cup & handle bullish pattern and how it usually plays out:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
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i don't have this one, heading to bittrex. Thanks
I wish you MASSIVE profits!
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good post..thank you for shahring
I wish you MASSIVE PROFITS!
Thanks! How do You see situation of STEEM right now?
Just posted steem update:
https://steemit.com/bitcoin/@haejin/steem-is-solid-with-bullish-target-of-usd4-by-end-of-this-year-and-then-usd14-in-2018
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I've been patiently waiting on DNT so hopefully it will finally break out sometime soon!