DENT MASSIVE GAINS AHEAD! (Less clustered chart)DENT is about to make its final leg up to complete the impulse wave.
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DENTUSDT
DENTUSDT Technical Analysis💎 DENTUSDT has broken above the resistance and the symmetrical triangle. After the pullback and retest it is expected to go higher.
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🎳 Entry/Pullback now or from 0.005123 - 0.004657
☕️ TP1 0.005589
🍺 TP2 0.006173
🍻 TP3 0.006670
🍾 TP4 0.007301
🍷 TP5 0.007917
🍸 TP6 0.008500
🍹 TP7
🎁 TP8
🚫 SL 0.004616 - 0.004254
Good Luck 🎲
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DENTUSDT 4H CHARTThe market is currently in a downtrend and has hit support. It bounced off support but hasn't broken out of the descending flag pattern. A breakout of the descending flag would see the price retest the resistance at 23.6% and 38.2%.
Entry: 0.005
Target: 23.6% (0.005354) and 38.2% (0.005956) Fibonacci retracement.
Stop: 0.004189
This would be invalidated if the price breaks below the descending flag pattern and support
Dentusdt
The tool broke through the trend line, made a retest and went further down. This is a classic short model, the entry is 0.055, the stop is 0.058. The stop of the fall occurred at a strong support level – a false breakdown of the level. At the moment there is consolidation , above the level , but there is no strong rebound and there is no volume , it is likely that there will be a rectangle shape next, where there will be a cut and then a hike down . It is advisable to keep the shorts on .
The purchase will be interesting in a long time with the prospect of X2 from the level of 0.035
DENTUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 0.082 - 0.01 - 0.012
after first target reached move ur stop to breakeven
stop: ~0.005 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
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?DENTUSDT to peak around $0.05 before BTCUSD peaks?• DENT has many similarities with LRC.
• One, both been depreciating against both BTC and ETH.
• Two, I’ve doubts about their real life use cases.
• Three, both are bubbly assets which I picked up during BTCUSD’s Consolidation Phase.
• Four, both do not acquiesce easily to TA (especially for short-term trading).
• Regarding the last point. I suspect the main contributing factor to be TradingView’s limited data for DENTUSDT. The earliest data is from Aug’19.
• However, a reasonable TA can be accomplished if we obtain DENTUSDT’s ATH of $0.10060 during the previous bullrun from CoinGecko, and compare DENTUSDT together with DENTBTC.
From the DENTBTC chart:
• During the previous bullrun, the 8.236 Fib from DENTBTC’s 1st peak to bottom brings us to 0.000007032, very close to her 2nd peak of 0.000006890.
• *My gut sense* is that with the pandemic, and DENT’s delayed launch of her eSim, DENTBTC will not fare as well as the previous bullrun when DENT was pumped up by the ICO hype. DENTBTC may very well only hit the 0.786 Fib level of 0.0000003169.
• Note: DENTBTC just turned bullish with the 8WSMA crossing over the 21W EMA.
From the DENUSDT chart:
• The 2.272 Fib from DENTUSDT’s peak during the previous bullrun to her bottom in Mar’20 gives us $0.022772. This is very close to DENTUSDT’s 1st peak during this bullrun of $0.022700.
• *If history is any indication*, applying the same 2.272 Fib to this bullrun’s 1st peak will give us a theoretical 2nd peak of $0.049589.
Putting both together
• *Assuming* our calculations to be accurate, 0.0000003169 BTC and a 2nd DENTUSDT peak of $0.049589 suggests that DENTUSDT will peak at around the point when BTCUSDT is at $156.5K.
• *Assuming BTCUSD macro trends persist*, DENTUSDT will peak before BTCUSD peaks.
• This $0.05 DENTUSDT peak may seem like an overly conservative target as it nears, and DENT moonbois may point out that DENTBTC has not surpassed its ATH of 0.000007032. RSI may also not reach overbought levels.
• However, as with many things, I’d rather be wrong but rich.
DENT - Multiple Bounces!Everytime Dent comes back to the ascending trendline, we see some sort of bullish reaction.
We are once again back at the trendline and seeing some sort of bullish price action indicating that we may once again see a push up.
Trade Idea:
- Risk entry now
- Safe entry after break of descending red trendline
- Stops below the ascending trendline (if we break that, our bullish outlook will be invalidated)
- Target recent highs as first TP
Goodluck!
DENT don't panic.As you can see we're still in an uptrend.
Ascending triangle structure is still in play.
The 50SMA worked as great resistance.
Finally we can see that 0.006 has worked as support and resistance multiple times lately, so we can see that's a point were people are interested in buying.
This market correction could be the last one before we head towards the proper alt-season.
DENT has a promising short-term futureHello,
Given the clear ascending triangle forming on the 15M chart, it can be said with high confidence that DENT will go ahead and retest the price point of 0.0074.
Given that the number of coin holders increases daily and now exceeds 75K - my personal assumption is that coin has a really bright future ahead. However, long-term projection are a bit early at the moment.
Let's see how the ascending triangle theory will play out.
Cheers.
DENT has fueled up the tankHello,
As we have previously predicted, DENT has successfully retested the resistance mark of 0.0074. as a part of its 5M bullish divergence cycle.
We have then monitored 15M cycle kick into action that has triggered a massive drop. However, the market has failed to reach the support trendline formed on Oct-27 and re-tested on Nov-11.
In addition to that, the inside bullish divergence is clearly visible. This concludes that the 15M cycle has now restarted.
Therefore, it could be concluded that the market is now entering its 15M bullish momentum.
Given that we are now in the bull phase on 1H chart, this might very well lead to the retesting 0.0084 price point.
Not financial advice. Do your research. Trade wisely!