DENT BreakoutDENT/USDT
1W/1D
Buying DENT here as well. Showing a similar setup to BTT, broke out of downtrend resistance on weekly/daily chart, respecting major uptrend after the correction with a falling wedge breakout and continuation pattern occurring and volume increasing.
DENT is a low cap gem with good fundamentals, it operates a mobile phone network over the blockchain with solid partners and a working product on app stores.
MACD on weekly showing crossover and in the green on the histogram.
Fib projection on weekly outlook could see price head towards the 1.272
Not risking a lot of capital as I prefer larger cap coins and don’t like to be too diversified into smaller alt positions.
Dent
DENT USDT Descending triangle Based on my TA on the weekly TF, DENT is forming a descending triangle, and currently is forming higher highs and higher lows. and its trading above the 50MA
I'd enter with a confirmation on the daily 2-3 candle sticks above $0.0068 most probably enter around $0.0069
with a SL = $0.006236
TP1: $0.0087
TP2: $0.011
TP3: $0.0139
TP4: $0.01736
TP5: $0.0226
*market structure was determined on the weekly TF
*Entry and TP points were determined on the daily TF
What do you think of this trade?
Easy 10x -and Likely MoreTA - forming a classic bullish pennant that simulates prior crypto market behavior (green box). We saw this fractal after a 30% retrace in January followed by confirmation of a bounce. Once we confirm this 13% retrace bounce, we'll see alts fly.
With the likely price surge to at least 75k-100k in the next month (see related ideas) & the market showing signs of that parabolic move, alt-coins will undoubtedly repeat the Feb 8th pump we saw earlier this year. Meme coins are losing steam, and that money is going to transfer over to real coins once again.
The thing is with dent, is that it's a utility token that I myself love the real-life practicality of. I plan on switching from Verizon to Dent sometime in the near future as I move from a very centralized life to de-platforming from corrupt big-tech and embodying a decentralized life.
From coinmarketcap: coin ranking at the time of posting is #131
What Makes Dent Unique?
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
DENTUSDT - Good entry timing after thatBINANCE:DENTUSDT
1H trend chart
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DENT has broken out a downtrend line, but got resisted further.
It is consolidating as a descending wedge, and there is an obvious zone around Fib(0.618).
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 0.006920----Fib(1)
b) 0.007775~0.008120----Fib(1.272~1.382)
c) 0.008862-----Fib(1.618)
Stop losses:
a) 0.005632-----Red horizontal line
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Could DENT be one of the opportunities for an upcoming bull run?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.
DENTUSDT - Next challenge and predictable highsBINANCE:DENTUSDT
4H trend chart
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DENT has consolidated for around 2 months since hit $0.0085
During this consolidation, it is forming a support zone(pink rectangle)
Also, there are two downtrend lines, short-term(orange) and long-term(deep blue).
Now, price has broken out the short-term trend line, and it's really good for bull sign.
I think it will eventually take out the long-term one, and if it does, trading strategy as below.
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Profit Targets:
a) 0.006920----Fib(1)
b) 0.007771~0.008116----Fib(1.272~1.382)
c) 0.00885-----Fib(1.618)
Stop losses:
a) SL will be set up after price breaks out the upper downtrend line
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If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DENTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
DENT D challenge downtrend again !In DENTUSDT D
Price brokeout the NO.1 downtrend and retested it.
With the fan line theory we modify the downtrend like NO.2
If it can breakout and go up the neckline .
We can setup the plan
SL:0.004978
TP1:0.008900
TP2:0.010896
TP3:0.011703
TP4:0.013436
TP5:0.016239
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DENT possible movedent possible move, when alt coins go up. BTC dominance falling, so move can come soon.
many alts went up x3 to x4 in the past week or even more
dent has been accumulating in this range and it didnt make a move yet,
i think its getting ready to break the trend line and after it could catch up with the rest of the market to the point of where most of the alts are.
its risky so trade it with caution and use Stop losses
not financial advice