DENT, 28 March, important levels
Updated
On the daily chart DENT drew a neutral triangle.
I expect a break-down of the triangle on March 29, but it might happen today as well. According to the technical analysis the movement is possible up to the values indicated by the arrows.
Important support levels are 0.009, 0.01, 0.0103.
Resistance is possible at 0.0114, special attention should
pay special attention to 0.0199 - there is historical resistance + round number as a psychological level for profit fixation + the same level shows the fibonacci retracement extension.
Where DENT will move - I do not know.
If bitcoin will grow, and the probability of movement in this direction is higher than in the other one, DENT will also grow.
The advice, as always, is one - make your own decisions. Plan what you will do if the market goes in a different direction than you would like.
Note
At the moment the price is trying to break out of the triangle, but it could be a false breakout. The ideal scenario is that price breaks through 0.0114, rises towards 0.0119, falls to 0.0114 and rises from that number.
Note
"I expect a break-down of the triangle on March 29"
great!
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