DENT Prints A High Volume Hammer (Ready To Move)
DENT (DENTBTC) just printed a high volume hammer after hitting a new all-time low.
The lowest point for DENTBTC was hit on the 14th of May at 11 satoshis, today, a new low hit at 10 satoshis with everything being quickly bought up, so the long wick on the chart.
This signal only confirms when the daily candle closes, so this is an early signal.
There is bullish divergence on the RSI, really strong one, yet the MACD is still looking bearish.
After several days of consolidation, DENTBTC can start to remove and produce a wave up.
Conditions for change: If DENTBTC moves lower and closes below 10 satoshis, the above signals are invalidated.
Targets on the chart.
Thanks a lot for reading.
Remember to hit like to show your support and if you want to see more trades and charts.
This is Alan Masters...
Namaste.
The lowest point for DENTBTC was hit on the 14th of May at 11 satoshis, today, a new low hit at 10 satoshis with everything being quickly bought up, so the long wick on the chart.
This signal only confirms when the daily candle closes, so this is an early signal.
There is bullish divergence on the RSI, really strong one, yet the MACD is still looking bearish.
After several days of consolidation, DENTBTC can start to remove and produce a wave up.
Conditions for change: If DENTBTC moves lower and closes below 10 satoshis, the above signals are invalidated.
Targets on the chart.
Thanks a lot for reading.
Remember to hit like to show your support and if you want to see more trades and charts.
This is Alan Masters...
Namaste.
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