I am neutral one DENT at the moment while EngineeringRobo remains bearish.
If you are holding DENT at the moment, you should continue to hold and pay close attention to see if the candles continue to trend upwards, or, if the candles break down through the uptrend support line (turning into resistance level). You should be aiming to sell at the .0002 resistance...
As of now, I'm BEARISH since there are 3 sell signals present.
So, this is not a good time to buy right now.
If you want to buy again, we have 4 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.00034) for 1D to buy,
3- You can buy when candles open-close above...
Based on analysis and signals, not necessarily talk to much:) time is good to buy it. Then wait for your profit about 48% if you sell at the resistance line(0.0004568)
1)MA20(Blue line) is above MA50(yellow line)
3) Moon :))
It is true that Dentcoin team just sold/dumped another 250,000,000 into the market that they claim are "needed." However we do have a moment where conditions could be right for a short pump before a further down trend. I just am not sure with this coin and I hesitate to even post them. Remember this is just a practice idea, hope it turns out well and DYOR thank...
The DENTBTC has formed bullish Crab and below are the targets as per Fibonacci sequence of Crab pattern.
I have placed the pattern upto 0.618 retracement only for an educational purpose otherwise it is not possible for the priceline to enter in negative territory.
Buy between: 0.00000005 to 0.0000001 sats
Sell between: 0.00000010 to 0.00000023...
The chart looks healthy imo. Dent had a nice build up with a small pump touching the 119 level. Before going back down making a daily close above the 200 moving average.
Dent did not stop there and made a daily close with a double top at 103. Double tops to me are a sign that we will have a sell off. Taking profit around double tops and resistance levels can be...
DENT is very strong in long-term view. But it may make correction first to 0.00015-0.00018$ and then move up to 0.0004$ zone
This idea will be failed if it drops below 0.00015$ then it will dump to 0.00005-0.00006$
DENT / BTC downward wedge. The price is clamped. Soon there will be a denouement of the situation.
The price reversal zone, trend lines and target levels are shown on the chart.
Entrance only on a wedge breakthrough or on a rollback after a breakthrough.
Do not freeze money in coins! Time is money!
Under key support levels during your entry...
Over the past 2.5 months on this coin, profit on the previous trading idea +40 +50 + 40%. This is the same trading idea, just updating an old trading idea with a few adjustments. I redrawn the slope of the descending wedge a little, although at the moment it does not matter. All goals and the algorithm of work remains the same ...
Last trading idea for December....
Binance :Top Gainers Today/ DENT/USDT +20%
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Dent (DENTBTC) didn't shy away and hit the all-time low (ATL) of 1 satoshi (0.00000001).
Once you hit bottom, the only place left to go is up... And up we go.
Right now we have DENTBTC trading above EMA10, EMA50, and EMA100.
Trading volume is still low but above-average.
The RSI is super strong while the MACD entered the bullish zone.
MA200 is now...
DENT / BTC After the break of the downtrend line (the line of resistance of the downtrend), the price made an increase of + 20%. And thereby a potential top of the Double Bottom figure was formed. Now the price has rolled back.
Pivot points (zones) and the algorithm of potential movements I showed on the chart.
If support is confirmed , a “ Double Bottom ”...