Could DENT be one of the opportunities for an upcoming bull run?
Updated
After showing a violent upward momentum during the last few weeks, DENT is now in a clear accumulation phase with strong support in the 56-57 area.
A breakout through the top of the compression triangle could trigger another upward breakout for this currency.
A breakout through the top of the compression triangle could trigger another upward breakout for this currency.
Note
Significant volume entry in DENT. It begins to move away from a comfortable buying zone, in which we are very protected by the floor and the daily 20 and 50 emas.Note
It has started its upward trend, finding the first resistance in the identified zone. As the market stands, the scenario looks positive to continue the momentum if bitcoin does not pull back heavily.
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.