Dentacoin (DCNUSD) Major Reversal Signals and Patterns
Updated
Hi traders,
I want to share with you a very interesting charts for Dentacoin (DCN) from crypto currency market. As you can see from these charts, we might have a good chance with high probability for a major reversal to occur or it might be already started and we are just at starting/ignition point targeting the minimum of the fib levels at 0.002 - 0.003 price area. However, going back below 0.00003 level will kill the bull idea.
On the daily "invert" scale chart, the price just need to breakout the trend line to the downside to start the falling price (actually rise in price) rally which could occurs whenever 0.0000675 level is broken, and this level is decreasing day after day due to the nature of the up trend line movement.
On the other daily chart, note how the price action developed a falling wedge pattern, a reversal pattern, and it just need to breakout the trend line and then a price up rally could be started.
Also, we have the cup with handle pattern, a reversal bottom pattern, that could support the up move, even if we thing that this up move is in a form of a corrective wave abc, still the price at least might hit 0.00008 level or more which is almost x2 of current price.
Post is a TA view and not a recommendation to buy or sell.
Good luck
Trade active
here you go...
after one month period, notice the nice price breakout of the resistance trend line (red colored) now we might see the price at target area but before that price maybe will stopped by some resistance down the road before it continue the up move to its targeted area.
good luck
@thonayan99
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