DNT to explode?

Some very interesting signals here on DNT. Can’t confess to know much about the project, but I can say something about what’s happening on the charts. Especially the 3-day chart. Higher lows on the RSI, Stochastic patterns change direction from downward to upward trend. Bottoming candle finds support on the 1-day chart and most importantly, volume. Volume levels are continually being matched with sell offs earlier in the year, the pressure has to go somewhere. My guess is upward.

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1-day chart confirming bottoming candle support with symmetrical triangle showing breakout to upside.

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A number of folk have been in contact asking if this trade is dead. Far from it. Patience is a virtue. Since yesterday's breakout you can now see on the 4-hour chart an ascending triangle has begun to form. This is a bullish signal. Furthermore you can see the 200 day moving average has been tested twice in the recent past. In my limited experience, the more often a resistance level is tested the more likely it is to break through it. You can also see higher lows continue to be produced on the RSI whilst the Stochastic chart indicates an oversold condition. So fret not holders of DNT. I've indicated on the ascending triangle where I expect a continuation to the upside to occur. You can wait for this moment for confirmation to help manage risk. This is not financial advice. I'm just a random guy on the internet remember!

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And that's why I don't do 4-hour charts!

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Bullish divergence, albeit on the 4-hr chart and you know how I feel about them.