district0x (DNT)

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4TTwPqbR1jxtRRX6rYgSWzK55wqqFLkC2GrMedzUpump

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$DNT by request:

Getting extremely tight up in here. I would start looking for a retest of this upper trend line on mid- or HTFs. The Daily and above are still inside a stage 4 downtrend. However, that could change if it breaks free from this consolidation pattern and finds a recovery. I will say, though, that the 4HR looks like it wants to spike right now. There's a shaded squeeze present right after a confirmed bottom signal, and now price is back over the track line. The Phantom is still negative (purple bars), so I'd watch for a fakeout here, BUT.. if it holds here and pushes just slightly higher, it could break out towards the upper trend line. Ultimately, you're looking for a retest of that upper trend line and then a close above it; only then will we see a HTF breakout outside of this downtrend & consolidation pattern. FYI @JeffRLedrew