Possible move for DENT. Dent has been showing strength lately
Possible move for DENT.
Dent has been showing strength lately from previous accumulation with a successful break-out which priced all the way to 0.008949 on the 15th Aug 2021 which created a RESISTANCE AREA, and a sell of the retest the price at 0.004744. The price level 0.004744 hold strong making price bounce off the support with a retest back to the previous RESISTANCE(R), a Clear break-out is needed at the (R) towards 0.009426 and a possible retest back to the (R) turn SUPPORT then a successful continuation break-out of 0.009426 will give us a target at 0.012914.
Alternative Scenario is if price rejects (R) with a successful Bearish Engulfing in couple of days from today, we are likely to see a sell off to (S) or HALF WAY CLOSE TO (S) before an actual move will be determined.
(R2) will be determined once we see a successful reach to (R1)
Dent has been showing strength lately from previous accumulation with a successful break-out which priced all the way to 0.008949 on the 15th Aug 2021 which created a RESISTANCE AREA, and a sell of the retest the price at 0.004744. The price level 0.004744 hold strong making price bounce off the support with a retest back to the previous RESISTANCE(R), a Clear break-out is needed at the (R) towards 0.009426 and a possible retest back to the (R) turn SUPPORT then a successful continuation break-out of 0.009426 will give us a target at 0.012914.
Alternative Scenario is if price rejects (R) with a successful Bearish Engulfing in couple of days from today, we are likely to see a sell off to (S) or HALF WAY CLOSE TO (S) before an actual move will be determined.
(R2) will be determined once we see a successful reach to (R1)