distric0x Chart Mapped by Request

29 maj 2020

By the request of one of our followers, here we have the distric0x (DNTBTC) chart.

There are always multiple scenarios that can play out at any time, it is hard to guess/predict exactly when or where each candle will close.

Instead of trying to predict exactly when or where the price/value of a pair will be, I rather and try and predict the levels where the candles will turn (change of trend) and ride the whole wave.

Here DNTBTC is switching from bearish (dropping) to bullish (rising) which is exactly what we want.

If we can find the next resistance levels and also the support, we can know when the trend will potentially change.

After a support/resistance level is conquered, we can consider the change 'confirmed'.

Here DNTBTC broke below support just to quickly bounce back up.
Above support (blue square) we remain bullish and aiming higher.

If prices break below support, this is a signal that there can be more red.
If by any chance you are trading, it is wise to close the trade and try again on the next wave.

It looks like DNTBTC will need to consolidate longer before printing really strong growth.
If prices remain above MA200, it can continue straight up... I think a retrace is more likely before the next jump.

Thanks a lot for your continued support.

Namaste.