Another good buy opportunity for DENT wireless. From the bullish pattern inverted HNS, it just pulled back for confirmation.
This project is good for long term as well because fundamentally it disrupt the telecommunication industry.
Dent has formed an inverse head and shoulders under resistance. On a lower timeframe, A symmetric triangle has formed giving us an extra pattern to monitor. Great long signal with a target of .78 which was devised by measuring the distance from the head of the pattern to the neckline.
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...
Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet.
Channel break DOWN measured move meets the 100EMA and red CPR line.
If there's further...