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himynameisbobby

Dent Showing Signs of a Potential Trend Reversal

Long
himynameisbobby  
BINANCE:DENTBTC   None
Trend Analysis Chart Patterns Technical Indicators dentbtc Technical Analysis Bitcoin (Cryptocurrency) dent dentcoin IDEA prediction analysis
3
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trendanalysis chartpattern indicator dentbtc technicalanalysis bitcoin dent dentcoin idea prediction analysis
DENT is currently looking for momentum to break out of the downtrend it has been trading in. Smaller time frames are beginning to see Ichimoku Cloud pierces. In particular, the 15min time frame is currently showing a break and close above the bearish Ichimoku Cloud. The 4HR chart printed a T.D. Sequential 9 count buy signal, and has begun to reverse. I would watch out for the 50 EMA to cross over the 100 EMA on the 15min chart, as well as an increase in daily volume, which would both be further confirmation of a reversal.

Recommended Buy Area
Between 60-64 sats

Stop Loss
58 sats
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