DENT/BTC on the verge of an impulsive move? /conservative target
Updated
Hello and Welcome to my Channel,
Todays Altcoin of interest is DENT.
The BTC-Pair started the year with a massive impulse against of 6500% in just 3 months (even more impressive in FIAT) before crashing down to the local low of 5 sats in July.
Right now it seems as if we are about to complete a massive bullish pennant, consolidating above 50 & 200 (D) MA with a break out date by end of November (at the very latest) that would lead to a min. 119% increase in the BTC-Pair before facing trendline-resistance.
A 119% increase might not sound like much in the Cryptoverse. But considering the current bullish momentum on the overall market and BTC as the Benchmark leading the way it could easily lift the price of DDENT to new heights in FIAT-terms. One example to clarify this point:
BTC runs to 90k$ by end of November unleashing THE Altseason.
The price of DENT/BTC increases to it's conservative target of 22 sats
= 90.000* 0,00000022 = 0,0198$
This would give us 200% in $-Value in less than 20 Days.
--> As this is a conservative target for the rest of the month I think the probability of hitting the target of 22 sats is very high (>80%)
What do you guys think about this? Feel free to leave a comment and if you liked my analysis follow me on Twitter (Crypto_Goku1). I will post much more on that account in the future.
kind regards
CryptoGoku
DENTUSDT
KUCOIN:DENTBTC
Todays Altcoin of interest is DENT.
The BTC-Pair started the year with a massive impulse against of 6500% in just 3 months (even more impressive in FIAT) before crashing down to the local low of 5 sats in July.
Right now it seems as if we are about to complete a massive bullish pennant, consolidating above 50 & 200 (D) MA with a break out date by end of November (at the very latest) that would lead to a min. 119% increase in the BTC-Pair before facing trendline-resistance.
A 119% increase might not sound like much in the Cryptoverse. But considering the current bullish momentum on the overall market and BTC as the Benchmark leading the way it could easily lift the price of DDENT to new heights in FIAT-terms. One example to clarify this point:
BTC runs to 90k$ by end of November unleashing THE Altseason.
The price of DENT/BTC increases to it's conservative target of 22 sats
= 90.000* 0,00000022 = 0,0198$
This would give us 200% in $-Value in less than 20 Days.
--> As this is a conservative target for the rest of the month I think the probability of hitting the target of 22 sats is very high (>80%)
What do you guys think about this? Feel free to leave a comment and if you liked my analysis follow me on Twitter (Crypto_Goku1). I will post much more on that account in the future.
kind regards
CryptoGoku
DENTUSDTKUCOIN:DENTBTC
Trade active
Retested support line again, FULL SEND now please!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.