After Breaking Out The Channel DENT Can Break Next ResistanceHi friends hope you are well, and welcome to the new update on Dent token.
Broke out channel with bullish divergence:
On the daily time frame, Dent has broken out a down channel, for now it is rejected by $0.0055 resistance but there is also a bullish divergence appeared as priceline is forming higher high but the price action is failed in forming a new high. Therefore, Dent can breakout the resistance of $0.0055 then next resistance will be at $0.0075.
SMA and oscillator:
On weekly time frame, there is a good support of 100 simple movingaverge support and the Stochastic is suggesting that the market of Dent has been oversold as it has entered the oversold zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade