DNT doing well. It just bounced off the 0.236 of it's last move higher, which is always a gorgeous entry point, and this time it's also the hourly 20 moving average. Projection for profit is where the peak-to-peak trendline intersects with the next big fib level ;
Whenever it touches that top teal line, it's selling time. I'm keeping my sell targets on the fib levels, so that means: 1400, 1800, 2200. We'll see about buying dips back down on the way: The 0.236 on the way down is always a buy in my book, and DNT seems to touch it on occassion - like righ now.
Komen
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Well, it would have been a great idea to look for a little more confirmation before being so overtly optimistic about this coin. It's not bad, it retested the hourly 200 and has managed to bounce back off it, which is good. Good point to learn that sometimes I can be quick to judge.
What happened too was that BTC/USD rallied sharply upwards, which threw off DNT/BTC in a different channel. Might have to make a whole new chart for DNT with the last correction as baseline for new fib targets if this hourly dip and bounce higher is to be seen as having been a bottom.