TA: District0x Price Prediction (500% Profit Potential)

I am a firm believer in the district0x project. All the fundamentals are there. If you want to learn more about the project check out their website https://district0x.io/

Districts are marketplaces and communities that exist as decentralized autonomous organizations on the district0x Network.

Today I want to show you my technical analysis, and the second reason I am very bullish when it comes to DNT.

From the day it hit the market until now, the chart is showing a classic cup and handle formation. Similar to that was EOS, but it can be found on every crypto at some point (0x, BNB, STORJ...).

It's the market sentiment at play, so the correlation is strong. This leads me to believe that after the initial hype, and the selloff, bulls are back again. In the following chart, I've used Fibonacci retracement for target levels in combination with some trend lines and chart patterns, and for the macro pathway, Elliot Waves count.

So as you can see the target is 0.00008 BTC which is 500% increase from the current price of 0.000016. The timeline says it will be by the start of April but with so much hype around cryptos, it wouldn't surprise me if it hits it sooner.

On that note, this is a price measured in BTC, so let's be conservative and say Bitcoin will be valued at 40k by the start of April, that makes the USD price of 3.2$ which will be a 1300% increase from the current price of 0.24$ per DNT.

Happy trading.