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DENTUSDT

DENT IS INTERESTING. :)Hello, hope you all are safe and doing good. Today I am publishing my idea on DENT, which to me, has been quite interesting to follow. In general, you can make good money with it. I will mention two scenarios and give the reasons for both. In general it has followed a downtrend channel, with two areas. It recently jumped from the the low area to a higher one in the downtrend channel. FIRST SCENARIO- It has the number 1 in the chart. This scenario has the chance to play out more than the other one. It looks as it has played a small bullish move for the future and the long term, and it actually did. I see it prolly very profitable in the close future. But as for the short, I RSI indicators and many other indicators show that it could make e rejection at the blue line, dropping in a small are of support and then after a small jump going to the other line of support (white line) to relax the indicators for a move on the high level. In the short term I see it trying to go to 0.0097, but a rejection there would take it to 0.0077-0.0081 area and more rejection would take it to 0.0054-0.0056 area. In general it must not close under the orange line for the long term scenario as it looks as it is forming a cup pattern. SCENARIO 2- In this scenario, if a good volume is put through it, it could break up to 0.0019-0.002 area, a retest and period of consolidation there, in order for a jump to new highs and new ATH. if this one happens (do not get twisted with a fake out in that area, be careful when to enter, it needs to retest there), in short term will be bullish, but in mid term it may turn quite bear at some point, and you need to be careful. But I see that RSI needs more relaxing, so if this moves happens, it will be good for the short, but not good for the mid term. If you have any comment or idea, share it with me. Be careful trading, be smart and patient. Good luck. :)
by UnknownUnicorn17670525
2
A DENT HAS BEEN PUT IN DENT'S MARCHIf the confluence of resistance is broken, it will sure be a valid upward momentum, but for now, considering the grand scheme of the things, it seems like a tall order! DENT is imprisoned between MA30 and MA50. The upper boundary of the channel seems relentless with MA50 running alongside it. However, one thing is for sure, the upper line of the channel is growing softer with every swing DENT throws at it! Critical support areas have been designated in blue! Critical resistance zones have been drawn in red! Let's see how things roll out! I gather there will be another leg down to muster the strength needed to smash through the hurdles!
by Djawad_Afsharirad
2
$DENT - Looking Wave B down the barrel. This coin appears to have hit huge resistance at is ATH. I see 5 waves in Extended wave 3. It is following Bitcoin correction wise entering wave B. I do see DENT possibly going higher than ATH for WAVE B. We will be looking at either a running flat as a bullish scenario, or an expanded flat which will see a deeper correction for wave C. I would be willing to buy some for a swing in the ODIN ZONE. Always put your stop loss at a level of loss you are willing to accept
Long
by FlokiCrypto
1