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!
DENTUSDT trade ideas
Buy Dent for over 0.022 usdEven if the price breaks the support (red line), don't worry. The price will return from the support I mentioned before it drops too much. Whether the support is broken or not, the price will rise hardly. This place can be considered an ideal long-term buying point for the price. The target is above 0.022 usd. Although I can't give a clear price target at the moment, 0.05 usd or more can be seen in the long term. Buy it and sell it at a price that makes you happy, over 0.022 usd.
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!