I shared a few coins ideas already but this is my favorite one. After retracement to 0.618 DNT broke out from downtrend as one a first coins at all. Now the daily MACD have crossed which is a perfect buy signal. Also it is important to look at the volumes, since the beggining the volumes were real high, but during the downtrend quite low, which tells me that a lot of people have bought this coin and did not sell even at the high points, therefore i doubt they will sell now. Also current breakout happend with massive volume, this coin is really bullish.
+cup&handle pattern can be spotted :)
+cup&handle pattern can be spotted :)
So the buy signal was legit as we seen some nice gains (30%+) however it turned out that it was rejected on 618 Fib level and needed to retrace more to .786 level. At this points I would call this a bottom and end of correction however this level needs to hold in order to stay in the uptrend (level of ~815-830). There are some early signs of bullish divergence on 4h RSI but in case of entry a tight stop loss would be required, approx 790 sats level.