Hello Travelers!
DENT has found it's inner strength and is ready to take the Rocky Mountain High challenge! We've got some good news coming out of DENT with the exchange releasing this quarter. There is tremendous upside potential with this project. The use case is already implemented and growing rapidly across the country. With solid fundamentals and good looking charts, we're ready to put a DENT in Crypto!
We are in a good accumulation spot for DENT. Ideally you'd want to enter this coin between 34 and 37 sats. We've got solid support at 34 on the 100 EMA, but just in case let's set a stop at 30 (the previous low). We're having a tough time closing over the 200 EMA (between 36/37) but once we do we're good to start our ascent! Pack your bags and enjoy the ride :)
DENT/BTC - Peak 1
Base Camp - 37 after 4h close over 200 EMA
Targets:
Camp 1 - 41
Camp 2 - 44
Camp 3 - 48
Time Frame: Short Term (10 Days)
Remember to take profits at targets and ladder buy on the retrace. Don't FOMO! Wait for the ideal price to come to you. We can gauge good buying prices in shorter time frames utilizing our Stochastic indicator. Trades are all based on BTC being flat or increasing. Most decreases in BTC lead to Alts following suite. If BTC falls it is recommended to exit alts to reduce the potential risk involved after the volume we've been experiencing.
May your stacks see blue skies and brighter days!
- CK
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Disclaimer: This is not meant to be trading advice but rather for education and analysis of the cryptocurrency markets.