DNT/USDT - 4h - Analysis published on 03/15/2021

Hey guys, it’s Cosmo 👩‍🚀 and I’m sharing a market update with you this Morning: We recognized unusual high exchange inflows of BTC in the last 24 hours (1. Coinbase Pro: 46 BTC, 2. Gemini: 19 BTC, 3. Bitstamp: 19 BTC, …). Exchange inflows traditionally signal intention to sell … and BTC is moving already!
Let’s better be prepared … I took some profits on my long BTC position and I’m looking for some more SHORTS to hedge the remaining portfolio of LONGS against a possibly continuing dip of the general market.

Today I’m analyzing the district0x (DNT) Token against USD:
So, let's get started 😃 … Summary of the Analysis: DNT/USDT (4 hours time frame)

Trends: Short Term - Bearish & Long Term - Strongly Bearish

Crypto Screener™ (by TradingView) Rating: BUY

Technical Indicators (by TradingView & intotheblock): SELL
- Summary: 11 Bearish; 10 Neutral & 5 Bullish
- Oscillators: 2 Bearish; 9 Neutral & 0 Bullish
- Moving Averages: 9 Bearish; 1 Neutral & 5 Bullish

Fundamentals: SELL
- Circulating/ Total Supply = 60%; Max Supply unconfirmed --> SELL
- 648 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) --> SELL
- No SIMETRY™ Rating (by Crypto Briefing)
- B Rating with stable outlook by TokenInsight
- 49.2% out of 100% Asset Score™ by TokenInsight --> SELL
- No Dynamic Performance Score™ by TokenInsight

AI (Artificial Intelligence) by CENTRALCHARTS: SELL

Multi Timeframe Analysis:
- 1h (1 hour frame): neutral
- 4h (4 hours frame): neutral
- 1D (1 day frame): positive
- 7d (last 7 days): neutral

My Opinion: SELL - Bearish under USD 0.350
My targets: USD 0.248 (-11.2%), USD 0.213 (-23.7%) & USD 0.172 (-38.4% from current price level)

DNT/USDT follows a strong bearish trend since relative high on 02/13/2021. Traders may consider only short (sell) positions if the price stays well below USD 0.350 (Stop Loss Level = 1st light green line above current price; +25.3% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 6 = strong force

To sum up my opinion: I’m convinced that the district0x (DNT) Token is substantially overpriced with the recent PUMP ACTION (I still remember the last big pump and dump in 2018 !!!) and will retrace back to it’s lows from before the parabolic move (around USD 0.12).

We broke monthly VWAP (volume weighted average price) downwards today (on 03/15/2021) which is a strong SELL signal.

Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.

Like and follow as the next analysis will focus on over- and underperforming (compared to BTC & USD) Coins or Tokens again.
With this information you'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about this? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!

Happy trading … please like, follow and comment!

Published on 03/15/2021, 12:30 PM (UTC+1)