After showing a violent upward momentum during the last few weeks, DENT is now in a clear accumulation phase with strong support in the 56-57 area.
A breakout through the top of the compression triangle could trigger another upward breakout for this currency.
4H trend chart
DENT has consolidated for around 2 months since hit $0.0085
During this consolidation, it is forming a support zone(pink rectangle)
Also, there are two downtrend lines, short-term(orange) and long-term(deep blue).
Now, price has broken out the short-term trend line, and it's really good for bull sign.
I think it will...
Potential 349% profits
Dent has formed a 3/3 squeeze.
im getting entry anwhere between the blue dotted lines
SL is at red line
Target 1 - take 25% profit
Target 2 - sell the rest and take profit
This is NOT financial advice, trade at your OWN risk.
Take care and good luck.
70% Profit on previous analysis
( Please check all previous analysis records on #DENT to understand how to use this chart
As you can see, I suggested to buy on area (step1) and we hit the top of channel with good profit!
I expected fluctuations within yellow box and after breaking the resistance around 0.0072-0.0076 it will hit both resistances ahead
In DENTUSDT D
Price brokeout the NO.1 downtrend and retested it.
With the fan line theory we modify the downtrend like NO.2
If it can breakout and go up the neckline .
We can setup the plan
If you like this analysis, give it a like or share your thought or let me know what...
dent possible move, when alt coins go up. BTC dominance falling, so move can come soon.
many alts went up x3 to x4 in the past week or even more
dent has been accumulating in this range and it didnt make a move yet,
i think its getting ready to break the trend line and after it could catch up with the rest of the market to the point of where most of the alts...
After observing the price action over the time frame I came up with the logical scenario that I saw.
Expected target on October 29, the price will return to $ 0.8-0.9.
Have a great time trading!
Always keep a cool head and don't be greedy!
Even if the probability is 99% correct, 1% wrong still makes us burn our property!
looks bullish. A symmetrical triangle pattern has formed. Breakout will happen soon. Buy at the retest of the diagonal. Be aware this is more like a pump and dump coin. High risk/ low reward trade in my opinion
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...