DENT Huge Bull run through completing a cup on a cup and handle?
You may feel I'm crazy, but the chart shows a cup on a cup. where the smallest cup (6 weeks) is making the handle of 20 weeks long cup handle pattern, making a double cup showing a huge indication of a bull run to start soon.
DENT has made an average move early in October. After this slight increase , dent was slowly moving down and seeing some consolidation at 0.005xx before slowly heading up
Few hours ago dent make an breakout through a short and narrow bull flag supporting the double Cup Handle pattern to continue , and bringing more support to make a huge bull run in coming weeks starting today. The bottom support line is expected to hold, especially with the currently strong bitcoin dominance. In case of a break out through the 2nd resistance area there, I'm expecting a bullish move towards the top resistance (3rd) and complete both cup-handles and to reach 0.068xx (4th) with some consolidation at 0.0066xx
With the current state of the market, I'm expecting the bullish break out to continue despite RSI would indicate an overbought situation once the chart cleared out both the cup-handles.
Happy trading!
DENT has made an average move early in October. After this slight increase , dent was slowly moving down and seeing some consolidation at 0.005xx before slowly heading up
Few hours ago dent make an breakout through a short and narrow bull flag supporting the double Cup Handle pattern to continue , and bringing more support to make a huge bull run in coming weeks starting today. The bottom support line is expected to hold, especially with the currently strong bitcoin dominance. In case of a break out through the 2nd resistance area there, I'm expecting a bullish move towards the top resistance (3rd) and complete both cup-handles and to reach 0.068xx (4th) with some consolidation at 0.0066xx
With the current state of the market, I'm expecting the bullish break out to continue despite RSI would indicate an overbought situation once the chart cleared out both the cup-handles.
Happy trading!
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