Using Elliot Wave theory (to the best of my ability), it is my opinion that DNT will break out of this rising wedge to the upside within the next day or so. I also believe that with a substantial volume increase, it has significant upside potential. We are also in the oversold zone on the 1D chart.
District0x is one of the lesser known cryptocurrencies available to trade on Coinbase Pro. Most of their cheap coins have a history of pumping simply due to the fact that Coinbase has such a limited number of cryptos for people to choose from. Also, District0x has a 600 million circulating supply, and in the crypto world, this is relatively small. I personally prefer coins with smaller circulating supplies because they tend to be much more volatile, and they make big moves rather quickly.
**Please note that I am a relatively inexperienced trader. I have only been doing this since March. All ideas and opinions that I publish are simply a journal of my trading journey, and they are solely to be used to improve upon my own skills. Nothing of which I post is to be taken as financial advice. Constructive criticism is welcome from those of you who are more knowledgable.**
District0x is one of the lesser known cryptocurrencies available to trade on Coinbase Pro. Most of their cheap coins have a history of pumping simply due to the fact that Coinbase has such a limited number of cryptos for people to choose from. Also, District0x has a 600 million circulating supply, and in the crypto world, this is relatively small. I personally prefer coins with smaller circulating supplies because they tend to be much more volatile, and they make big moves rather quickly.
**Please note that I am a relatively inexperienced trader. I have only been doing this since March. All ideas and opinions that I publish are simply a journal of my trading journey, and they are solely to be used to improve upon my own skills. Nothing of which I post is to be taken as financial advice. Constructive criticism is welcome from those of you who are more knowledgable.**