TradeChartist

DENT-ETH forming Cup and Handle as chart looks Bullish from here

Long
BINANCE:DENTETH   DENT / Ethereum
Bullish Reasons

  • Cup and Handle forming on 4hr chart that can be seen on 1hr with potential 25% gains from here

  • Buying pressure building here with momentum gain as price at 12 months Low and has a huge upside.

  • My High probability AI Lite indicator has posted a BUY trigger with levels having a wide range between each other.

4hr chart with BUY trigger from my scripts AI Lite and Levels using "Levels Generator with Fibs". Have a look under my profile and if you are interested to try them, PM me.


Entry - Below 490 (get a good entry using Boll bands/RSI/MACD)

Targets - As shown on the chart

SL - 440 recommended

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
If you like this idea, give me a thumbs up. Also have a look at my scripts

AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system

Levels Generator with Fibs script that plots automatic support resistance levels for any timeframe with option to plot manual Fibonacci levels

If you would like to try the scripts, PM me. If you are a new trader/beginner and would like a TA coaching session, PM me for a free 30m session on Team Viewer.

Happy trading.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Comment:
This is purely a Trade idea. I'd advise anyone entering any type of trade to do a strong research on project fundamentals and trade wisely using levels and strictly a good Stop Loss based on personal risk management strategy.

Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.

Telegram - @Trade_Chartist

Free Scripts - bit.ly/Free-Scripts
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.