DENTUSDT trade ideas
SHORT TRADING 7X CROSS MARGIN FUTURE, USING THE 3HR TIME FRAME.ENTRY POINT: 0.000941. STOP LOSS: 0.001063.
NOTE: The entry trigger is a 3hrs reverser candle stick which can be a full red candle stick or a shooting star candle stick and not a hammer candle sick, once this is formed, you can enter your trade.
1). Set you stoploss and take profit. for this trade i didn't set a take profit because i believe the price is going to fall really deep, but as your trade progress make sure to push your stoploss closer to minimize losses.
2). Do not enter the trade if you do not see an entry trigger.
Huge potential Altcoin (Dent)The ATH was in 2018 and not in 2021. This is why I label this wave up as wave (A) and not (1); the long term trend might be bearish. But the wave (C) higher might have enormous potential, it should at least go back to the extreme of wave A or its neighbourhood. Wave 5 of C of (B) is on the way. Wait for confirming price action before acting.
DENT could absolutely skyrock!I'm convinced that Dent could absolutely skyrock ones the daily resistance is broken.
I set my target by the end of the year on 0.04 cents minimum!
After seeing the fundamentals of this project and the performance it already has proven to do in the previously bull run, sky is the limit. Great project + great opportunity to make some decent bucks on this coin 👍
Dent is going to be one of my longer holding upcomming years!
DENT/USDT: Last drop expected before recovery---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
DENT/USDT: Last drop expected before recovery
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset DENT is suffering about negative global market situation which should be ended once the crypto market gonna start the bullish reversal
Market configuration
- Graphical Elements :
Graphical Resistance = 0,001990 & 0,009730 & 0,022750
Graphical Support = 0,0000260 (Canal)
- Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 0,001990 = Bearish
RSI indicator (below) is below 50% and bearish trend line - no divergence = Bearish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B hasn't been already reached = 0,000615
Fibonacci resistance of the wave in progress = 0,001990
Fibonacci support of the wave c B (max extension) = 0,000260
Fibonacci Bullish Target = 0,009730 & 0,022750
Conclusion
Prefered case => As long as 0,001990 remains a Tactical key resistance DENT is expected to draw a lat down leg towards 0,000615 before engaging a bullish reversal above the strategic support at 0,000260
Alternative case => In case of 0,001990 resistance breakout, the bearish trend will be invalidated opening the door to 0,009730 & 0,022750