Dent is setting up for a gigantic move soon - 170x Potential!
As you can see on the chart, Dent has been in a very long accumulation zone for the past months, and now it's heading to the most explosive move of it's history.
I draw this triangle and measured the potential move target of 0.47$
I also draw a parallel channel connecting the lows together and expanding to the 0.0227 high of last year.
As you can see we have the target of 0.47 hitting in late October give or take a couple of weeks.
Also if you use a FIB tool from 2018 top of 0.11 to the low of Mar 2020 you'll see the target of 0.47 popping in the FIB extension levels.
This goes on with cycle top which a very respectable person in the space "Datadash" has been calling for years according to the expanding cycle theory.
I know this sounds like much but this market is crazy enough to surprise us all.
Dent will need a market cap of 45 Billion to reach that target, it seems too much to ask for now, but if BTC goes to 200K and its dominance drops to 30% or less like many predicts this will result of a total 10+ Trillion overall Crypto market cap and many low cap coins can travel very far.
According to history April is a bullish month mostly and I see the market going up from here.
If Dent closes above the 0.0041 resistance with 2 weekly candles we'll be ready to moon.
Although I'm very bullish now I'd also like to address worst case scenario of Dent dropping to 0.001 levels if BTC goes to 28k like some people predict. This will provide a very good buying opportunity and I'll make an update if this happens.
I draw this triangle and measured the potential move target of 0.47$
I also draw a parallel channel connecting the lows together and expanding to the 0.0227 high of last year.
As you can see we have the target of 0.47 hitting in late October give or take a couple of weeks.
Also if you use a FIB tool from 2018 top of 0.11 to the low of Mar 2020 you'll see the target of 0.47 popping in the FIB extension levels.
This goes on with cycle top which a very respectable person in the space "Datadash" has been calling for years according to the expanding cycle theory.
I know this sounds like much but this market is crazy enough to surprise us all.
Dent will need a market cap of 45 Billion to reach that target, it seems too much to ask for now, but if BTC goes to 200K and its dominance drops to 30% or less like many predicts this will result of a total 10+ Trillion overall Crypto market cap and many low cap coins can travel very far.
According to history April is a bullish month mostly and I see the market going up from here.
If Dent closes above the 0.0041 resistance with 2 weekly candles we'll be ready to moon.
Although I'm very bullish now I'd also like to address worst case scenario of Dent dropping to 0.001 levels if BTC goes to 28k like some people predict. This will provide a very good buying opportunity and I'll make an update if this happens.
