DENTUSDT trade ideas
DOT In a Traingle (Breakout Soon)Looks like a symmetrical triangle has formed in 4H timeframe and a breakout is expected soon, based on the price losing momentum I guess most likely the scenario is gonna be a bearish breakout, on the other hand EMA50 is standing right on top of bottom trendline making a bullish move possible as well.
I am gonna wait and see what happens and with what volume, then enter a trade based on that.
Good luck
NOT FINANCIAL ADVISE
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 .
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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 .
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DENTUSDT - TIGHT RANGE 👀👀DENT is creating a possible bullflag! We are creating a tight range and searching now for a higher low. If the low is set we will search again for a lower high, till we break the low or highs.
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DENT// Possible FlagWill only begin interest once price can break out of the channel into 38%. From there I'll be looking for a slight pull back to 50% where I may possibly enter, depending on the price action.
At 50% I will be looking for wicks, and reversal candles, specifically engulfing.
There is also a possibility that price completely blows through 38%. If I'm not early, or get my preferred entry I wont chase it.
Previous analysis linked.
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.