Price is approaching a key area of value. We have a long term up-trend line and a short term downtrend line. From here, whether long or short, this would be the optimal area to do so to get the best R:R.
Seeing that we are still in a bull run, and the current overall trend for ALT coins, I'd say it is expected that $DENT appreciates at some point in the near future. However the possibility to continue downwards is still present.
Depending on how you draw your Fibs, price finds S/R at different levels however they all suggest a move up when taking into account everything else.
Seeing that we are still in a bull run, and the current overall trend for ALT coins, I'd say it is expected that $DENT appreciates at some point in the near future. However the possibility to continue downwards is still present.
Depending on how you draw your Fibs, price finds S/R at different levels however they all suggest a move up when taking into account everything else.
Comment:
When using the wicks as peak and bottom:
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
