Technical Analysis – DNT – 11-04-2018

by | Aug 23, 2018 | Technical Analysis | 0 comments

Technical Analysis – DNT – 11-04-2018

We have been eyeing off and observing alot of alts for a while now and we believe there are a fair amount that have bottomed out and are in the accumulation phase. One of these projects we are close to pulling the trigger on is DNT (District0x).

District 0x describes itself as a network of decentralized markets and communities. Create, operate, and govern. Powered by Ethereum, Aragon, and IPFS.

To simplify we are talking platforms like an eBay, Amazon, Craigslist. This is revolutionary because all of these new platforms would be using cryptocurrency, specifically DNT or sidechain tokens as a medium of exchange.

Our prefferred scenario is for the bitcoin capitulation to slow down and begin trading sideways while alts pump for a bit. Our gut feeling is that this is how it will play out as obviously alts have bled the most, many of which are down 70-90% from ATHs, and there is obviously some volume and accumulation happening, especially in DNT.

As stated in our analysis below, we are specifically looking for a daily close above the 9c region to validate our thoughts.

We are in the process of writing up a review and will link it in the coming days.

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