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DENTUSDT

INVERSE HEAD AND SHOULDERS PATTERN - DENT/USDT REVIEW 📚Good day everyone. Today, I'll be discussing the inverse (inverted) head and shoulders reversal pattern. 1. DEFINITION What is Inverse Head And Shoulders? An inverse head and shoulders , also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. 2. ENTRY The entry (buy order) of an inverse head and shoulders pattern can be of three types: - Market entry: current market price. - Stop limit entry: breakout above the inverse head and shoulders neckline resistance. - Limit entry: Retest of the right shoulder's horizontal support level. 3. TARGET (TAKE PROFIT) The target level of your inverse head and shoulders pattern should be the key trend based fibonacci extension zone (1 - 1.272 - 1.414). 4. SETUP INVALIDATION AND STOP LOSS The setup invalidation of this setup is a breakdown below the shoulders support level. The stop loss can be less than or equal to the setup invalidation. TRADE EXAMPLE I'll be using my analysis on DENT/USDT {DENT} as a trade example on the inverse head and shoulders reversal pattern. My entry (buy order) ⬆️: breakout above the neckline resistance. My target 🎯: the key trend based fibonacci extension zone (1 - 1.272 - 1.414). Setup invalidation ❌: breakdown below the shoulders support level. Stop loss 🔴: breakdown below the shoulders support level. The trade played out as expected, hitting my take profit and it's still pumping.
Education
by Chibuike_Odoh
DENT Is about to explode! Keep an eye on this! Here's a quick look at DENT 2 hr chart. As we can see, the price has printed a symmetrical triangle and we could see a breakout very soon! The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart. Targets: 1. 0.0088$ 2. 0.0109$ - Profits can also be taken in the resistance zone . ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
4
DENT Long Trade 20210819: Need ConfirmationSignals: Blue -> Green as Confirmation Context: Green * N Need to Break Through 0.0065 Resistance as Structure Breakout Confirmation Targets: 0.00727, if Breaks through, then: 0.00875, if Breaks through, then AB-CD: 0.011 More Details: DENT, DENTUSD, DENTUSDT, DENTUSDTP,DENTBTC,CRYPTO, CRYPTOCURRENCY DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Long
by go8686