Dentacoin (DCNUSDT) & Doubel Bottom Pattern (major reversal)
Hi traders,
The DCN coin are trading at historical price bottom and traded this week with very high volumes (accumulation area). It is the 2nd ever highest traded volumes. Usually, whenever there is a high trading volumes at historical bottom, it is a good sign for a due coming major reversal. Also, there is a high potential for a double bottom pattern formation as shown in the chart that should be closely monitored since the reward is huge when getting to the pattern price min target of 0.00011. Until then, these current price area might be a good point of an early carful entry.
This is a TA view and not a recommendation.
good luck
The DCN coin are trading at historical price bottom and traded this week with very high volumes (accumulation area). It is the 2nd ever highest traded volumes. Usually, whenever there is a high trading volumes at historical bottom, it is a good sign for a due coming major reversal. Also, there is a high potential for a double bottom pattern formation as shown in the chart that should be closely monitored since the reward is huge when getting to the pattern price min target of 0.00011. Until then, these current price area might be a good point of an early carful entry.
This is a TA view and not a recommendation.
good luck
@thonayan99