DENT / TetherUSLong
descending channel + possible reversal trend
Hello Traders ,
Dent is facing downward trend , we have a great support ( demand zone ) on 0.004500$ 0.004800$ price action is respecting this area
2 scenarios are possible even breakdown to below support after 0.004500$ or breakout above strong resistance 0.005300$ making a new LH
Confirmation is a must at this level to confirm any reversal upward trend,
Overall i am bullish , until now its a bearish mode setup
Don't forget your stop loss!
Good luck!
Dent is facing downward trend , we have a great support ( demand zone ) on 0.004500$ 0.004800$ price action is respecting this area
2 scenarios are possible even breakdown to below support after 0.004500$ or breakout above strong resistance 0.005300$ making a new LH
Confirmation is a must at this level to confirm any reversal upward trend,
Overall i am bullish , until now its a bearish mode setup
Don't forget your stop loss!
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.