DENT Technical Analysis and Trade Idea #DENT USDT has exhibited bearish tendencies on the higher time frame. Currently, we are witnessing a significant move into a key support level. In the accompanying video, we explore a potential trading opportunity, contingent upon the development of favorable price action. We identify key support and resistance levels, we look at chart patterns, price action analysis, and a particular form of price behavior that, if advantageous, would warrant market entry. As a disclaimer, the information provided is solely for educational purposes and should not be construed as financial advice. Trading carries inherent risks, and it is imperative to implement sound risk management practices at all times.
Dentacoin
Dentacoin (DCN) & coming x3 Boom
Hello traders,
As per dcn holder requests, looking at the waves structure here, price might ended the recent dip and price might bottomed especially when count the last dip in 5 waves structure so price might continue to go up and if the current move is in wave 3 and extended then might see as minimum X3 from current price near 0.00005 levels. Also looking to the other chart this token was fallen sharply and the current rise is nothing compared to the fall. so the journey to higher levels is just started and usually tough at the beginning before you see it happening.
the only invalidation here is to go back again and break all times low which is to me not reasonable since there is no more zeros left to count ;-)
good luck
Dentacoin (DCN) formed bullish Gartley for upto 4800% huge gainsHi friends, hope you are well and welcome to the new trade setup of Dentacoin (DCN) token.
On the weekly time frame chart, DCN has formed bullish Gartley, there is also 100 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.00004987 to $0.000003681 (As at $0.000003681 we have strong support)
Sell between: $0.0001146 to $0.0001832
Stop loss:
The maximum extent of buying zone $0.0000036815 can be used as stop loss, however, to minimize the loss ratio we can also use 100 SMA as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 4800% , and loss possibility 52%, however, if we use weekly 100 SMA as stop loss then we can minimize our loss ratio because, it is also moving up.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$DENT trend is still bearish until we break resistanceDENT keeps making lower lows and lower highs, which means we're still bearish despite everything being green today.
We remain bearish until we break above the previous lower high, but in the meantime we can get into a short term bullish trade up to the previous resistance. Levels on the chart
Psychology. Traps. The reason and the possibility of pump +8200%I made the trading idea about this coin about trading in the channel this afternoon, and I remembered the miracles on the roller coaster of 2.5 years ago on this coin. After all, such games rarely come across in the market to leave such a colorful mark in memories. You do not often see pumps at 19 and 82 x, after accumulating 88 and 100 days. The numbers are not random. Pumping was with an acceptable volume for such a coin.
In my opinion, the project is scam, well, like everything in the crypto world. I absolutely do not believe in anything. I have only cold calculation in trading. No sympathy for scam. In my opinion, all crypto projects including everyone’s favorite “anonymous”, “decentralized” “Beethoven” are frauds, making real money thanks to stupid bidders. But, in addition to “making money” for those who believe that without doing anything, you can become a millionaire. I think the naive point of view is that the "big brother" wants to make all the poor and lazy people millionaires. But they believe in it, because they themselves are such. This faith and inaction will lead to sad consequences. In addition to making money on fools, the crypto market carries more interesting tasks. Which, in case of success of the experiment, will become a reality and the poor will become even poorer, states will receive unlimited power and control.
But, let's get back to this coin. The legend of the project is Blockchain's solution for the global dental industry. The legend, unlike other promising projects, is supported by the principle: “Someday we will turn the mountains”, at least by their activity. Confuses a large number of blocked coins. Which at the time of "X" can bring down the price on all exchanges to zero. Therefore, this coin is not for holding, but for speculation from a good entry point to the planned exit or exit from certain situations in the market. By the way, not one "holder" could not sell not only on the 80X pump, but in general I doubt that 2-3X even on the accumulation price, although I can be mistaken, as after the pump I did not monitor the transaction. Why, I will describe below.
I started trading this coin in late October or early November 2017. Started by accident. On another exchange, I fell into the "trap" that was made on this coin. A book of orders, the entire history of purchases / sales and the trades themselves in the market with bait were also very cleverly made, but here one zero in the price was superfluous. So in a second I remember about $ 600-700 evaporated. I began to understand, I understood what was happening, well, what happened, what happened. By the way, this case in the future made a lot of money, as this action began to be used en masse at one time mainly on exchanges such as Binance and HitBtc when listing coins. Each manipulation against you, with the correct understanding of the essence of the work, can be turned into a weapon against the manipulator.
Everyone can be wrong, including you. Your mistakes are an invaluable experience.
So the initial acquaintance with this coin was not very pleasant for me, but very useful for work in the future. Then I found where this coin is being traded with great liquidity and without "surprises." It turned out the HitBtc exchange. It was evident from the work on the coin that someone on this exchange was gaining a position on this asset. I quietly started to do it too. Immediately in my work I had not a small amount, but when I understood everything what was being done and on what scale, I substantially added money. Every day +10 20% to part of the position. Not a coin, but a cash cow. Paradoxically, no one wrote about this coin anywhere in the chats, including the exchange’s trobox. It was a taboo.
I will say this, this pump at first at 1900% then at 8200% for the majority of those who stuck to this instrument of trading was a big disappointment. Before the growth, after 1.5-2 months of work in accumulation with strong volatility, I increased the initial amount of entry many times. Traded inside the day. At first I copied the actions of the “major player”, but when my position on the coin grew decently - teamwork through numbers. The work is clear, not complicated, without risk.
But the elephant climbed into the market and began to tear down the walls. Perhaps this "elephant" was this major player or the exchange itself. At first, we wanted to keep the price from rising in order to keep the price in the corridor. But nothing came of it. Money forces were not equal.
The biggest disappointment is when about 70% of the position was thwarted by + 300%. I didn’t think that it was possible, as the position was not small, that’s buying + 300% as an obvious not healthy thing. But what happened, it happened. but then the price was pumped up + 1900%
All further price movements I had to work with those coins that remained. It is good that the high price gave a larger spread, and therefore more freedom to manipulate work within the day. Played by what was left. Gradually increasing the number of coins on rising prices. At any moment I could leave the market, like any exit price - for me there was already a profit. Above + 1000% of the accumulation zone the game stopped, I already had enough. That and the liquidity to work a large amount was not there already, the games began for the schedule, but not for earnings. Then the green light is very greedy and stupid people.
Be less greedy than other people and as a result you will be richer than other people.
Let me remind you that the price soared by more than + 8000%. Why did this happen? Why did manage to raise the price? Why were there mostly inadequate buyers, but no sellers? There are several reasons, I will partially describe what happened so that you see similar manipulations in the future and know what to do and what not to do. By the way, similar manipulations are now happening on some coins, I won’t write the name, how it will look like an advertisement. I don’t need that. But, or will they be able to repeat this? More likely no than yes.
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THE REASONS FOR THE HUGE PRICE GROWTH AND THE ABSENCE OF SELLERS.
1) "Killing faith" in a long downtrend. 88 days from the day of listing. The course is just down. (but only for the hamster).
The main thing is to "kill faith" below, "give faith above." In the market, as a rule, those who in the “non-faith” phase say that they do not believe in perspective, in the “faith” phase they will most likely acquire. The world is cyclical, events go in cycles, the flow of the crowd is cyclical, the thinking of the governed lends itself to cycles.
2) Manipulation of the exchange with dcn / eth and dcn / btc pairs. This was the most important manipulation of the discharge of passengers. It was not possible to lower the price; nobody wanted to sell. They were not going to leave even at + 30% and above. In order to strengthen the dump, they announced a delist from the exchange of the dcn / btc pair.
It’s not the understanding of people that they really do not affect the price movement, but are just fuel in someone else’s game, which makes them this fuel for movement.
Whoever had a big position and the corresponding amount of BTC for the terrible visual presentation for hamsters put up walls pouring in them every time a huge sales volume with a gradual price rushing. At that time, the exchange blocked specifically on several days coins on the exchange’s account with many traders. But the panic sat on. Everyone wanted to leave the market, because it was very painful to watch how the price goes down. But they could not do anything, as for "technical reasons" the exchange blocked coins. But major market participants (perhaps the "exchange itself") held the idea of "killing the faith."
3) Bad news in front of the pump . There were a lot of big transfers to the exchange from wallets, many holders also surrendered ... Let me remind you the input / output was opened, but the trading account on this coin was blocked due to the fact that the dcn / btc pair will be delisting soon (those with orders were in this pair). Then, just before the delist of one of the DCN / BTC pairs, when the price dropped significantly by the game, all the accounts of the "traders" were unlocked. Naturally, everyone tried to sell on the market, because soon they would not sell where, as on the other pair there was no liquidity at all. Those who bought up naturally put up weak buy orders, so that hamsters had no hope of a price reversal.
A well-run crowd works like one very stupid person.
The interesting thing is the psychology of the crowd. I’m sure who sold “To get out at any price” after less than 3 weeks they bought from + 1000% and probably many people really got apathy for trading and a feeling of “lost profit” when the price during the pump reached + 8200% (82x) . It is probably painful to realize when you sell at a loss at the lowest price before the pump, and after such a short time you see such an increase.
4) Closed the input / output of coins before pumping coins naturally for "technical reasons". So no holder, with the exception of those who transferred coins to the exchange during the dump and did not have time to sell, could not use this pumped. Holders as always in flight ..
The more stupid a society is, the higher the percentage of earnings in it is for those who are smarter. Do not be one of many, be one among many.
5) After a while, the pair that was delisted from the exchange - DCN / BTC appeared again on the exchange.
6) Good news when pumping. On Twitter, the developers published the news in the manner: “DCN is the last hope of mankind” or “DCN will become the new Bitcoin” and similar nonsense in this spirit. In telegram chats, a similar FUD was also widely used. But the news has never moved or moved the price, they always move with money. News without money does not work. True, the crowd is convinced of the opposite.
6) The first pump at 1900% (19X). So called "Hamster Pump" , but my tongue does not turn + 1900% to call a hamster pump. But in this situation on this coin it was. I think any sane would go out without slowing down at such a price increase.
Then, after this pump, another pump happened, from the accumulation zone + 8200%. There were definitely no passengers on this pump anymore, therefore it was possible to raise the price in such a way by buying out own orders and making appearances of trade by luring hamsters.
Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits.
7) The presence of a lot of money from those who controlled the price. Without a good amount, this was not possible. You also need to consider that in addition to money (btc), it was necessary to have DCN coins "two or three bags" in order to direct the price. I think you understand who in this situation is the biggest player and initially has the most coins. Without an initially large position, it is very difficult for a trader to accumulate a large position in a short time, although in exceptional cases it is possible.
8) A clear, thoughtful, phased work plan for the manipulators in advance. Good knowledge of the psychology and thinking of the crowd.
This is an old thing, but it is possible for the conscious work and understanding of what is happening in reality in the bidding you will find this information useful. I think you understand that the exchange itself is partially involved in this manipulation. I do not think that exchanges will no longer sin by such manipulations. Be careful, be smart, don't be a herd.
If you understand what is happening in the trade - take part in the trade, if you do not understand - watch from the side.
I wish you all productive study and great profit in trade.
DCN ETH HitBTC - I do not see any obstacles to growth upward!DCN ETH HitBTC - I do not see any obstacles to growth upward!
Dentacoin (DCNETH) & coming Targets
for DCN holders,
as requested, looking at the chart of DCNETH pair, it seems like the current wave structure support more rise to the fibo levels. usually, the wedge pattern coming at the end of the price waves structure support the recent dip wave completion and can support the idea for a very nice big price reversal to come as we expect here. ..also you may want to look into my prevouis analysis posted for DCNUSDT chart confirming the same idea.
good luck
Dentacoin DCN ETH HitBTC Price Action for Investment in March 21Dentacoin DCN ETH HitBTC Price Action for Investment in March 21
DCN Formed like a Cup with a handle. Potential from +80 to +160%The downward lingering trend turned into local lateral movement and thereby formed the well-known reversal pattern " Cup with a handle ." In the vast majority of cases, this figure appears on an uptrend. But, sometimes, it very rarely appears on a bear market at the time of its reversal. What we observe on this trading pair. It is possible that in cases of not confirming the "Cup with handle" figure, it will be redrawn into another TA pattern. More likely - this is a figure of the trend reversal " Double bottom".
Entrance and target.
Pivot zones and targets are shown on the chart. The first potential movement is to the zone of intersection of the downtrend (red line) and the resistance of the “cup” figure (yellow horizontal line). And this is after all + 80%. In the case of a breakthrough of this zone and consolidation above the resistance, the potential of working out the entire "Cup with Handle" pattern + 160% opens up to us.
It is possible that in cases of not confirming the "Cup with handle" figure, it will be redrawn into another TA pattern. More likely - this is a figure of the trend reversal "Double bottom". Then work with entry points and "double bottom" targets, which I described in the article. The first potential movements I showed on the chart.
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.
The main downtrend on the Dentacoin coin moved in the downward channel with a large step, which was accompanied by pumps at a fairly large percentage. For the year in the channel there were 4 large pumping from the bottom of the channel +83%, +77%, +175%. +160%. Perhaps in the near future we will see the next pumping up of the price if this pattern is confirmed and really becomes a reversal figure of this trend.
DCN / ETH Downlink. Reversal zones. Work from the trend.
A very extensive article of TEACHING which I did on the example of this coin, as I myself participated in the formation of this process.
Manipulation for dumping passengers. Pump +1900 + 8200% 82X
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"Cup with handle."
The figure "Cup with handle." begins to form when a bottom forms in a concave arc on an uptrend. This is the first part of the figure - "Bowl". Upon completion, another bottom is formed, much smaller than the first. The edges of the "Bowl" and "Handle" are at approximately the same level (form resistance). Upon completion of the formation of the "Handle", the price breaks the resistance line from the bottom up and the figure is successfully confirmed.
A "cup with a handle" does not always have perfect shapes. For example, the edges of the “Cup” may have different heights, the bottom of the “Cup” may not have a very smooth bend, and the “Handle” may have a horizontal price movement.
Stages of the formation of the figure "cup with a handle".
1) The very first condition for the formation of this figure model is an uptrend. How is it a pattern of continuing the uptrend. Ideally, the trend should be strong enough and long enough, but not too old. Otherwise, the potential for further growth and confirmation of the figure is sharply reduced. Very rarely, this pattern can form at the very end of a downtrend at the time of its reversal.
2) "Bowl" - should have a smooth concave bottom. In an ideal “Cup with a handle” (“Mug”), the maximums of the glass (edges on the sides) will be at the same level (general resistance), but this is not a requirement. But, the more "ideal" the form of the "Bowl", the stronger the signal. The more rounded shape of the figure "guarantee" a fairly good consolidation and is a more reliable sign with strong levels of support and resistance.
3) After the formation of the "Bowl", the second obligatory component of the figure is formed - this is the " handle". After the maximum is formed on the right side of the "Cup", a small rollback occurs, which is formed to the right of it and which forms the "Handle". It may look different and take different shapes and shapes: flag, pennant, triangle ... Also, these shapes meet with the "Pen" without tilt, but with horizontal movement. Typically, the handle in height does not take more than 1/3 of the height of the glass.
It is believed that the smaller the “Pen”, the stronger the breakthrough and further movement will be. The edges of the handle are approximately flush with the edges of the glass, which once again confirms the resistance of the figure. "Pen" is the last step before the final formation of the figure and the subsequent breakthrough of resistance. The breakout level of the figure is located at the level of the edges of the "cup" or slightly lower if the "Handle" is tilted down (at the resistance level of the "Handle").
Timeframe. Volume. Target.
Timeframes are of great importance. The more time it takes to form the figure, the more reliable the signal is considered. The larger the time frame, the more reliable the signal.
As a rule, at the bottom of the "Cup" the volumes have a minimum value. Then, the volume indicators during the formation of the second part of the "Cup" should gradually increase. On the rollback, prices during the formation of the "Handle" should go down. At the breakout of the resistance of the "Handle" have a maximum value. When the resistance of the figure breaks through.
The goal of practicing the figure is the distance between the minimum and maximum of the figure (resistance). The overlaid is the distance from the resistance breakout zone. But when setting goals, you need to consider global and local levels. They greatly depend on how the goals in the figure work out. You can also work with the target of the "Handle"
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"Double bottom"
The double bottom refers to the widely used figures of technical analysis and has established itself as a fairly profitable pattern with proper work with it. This model of a figure is often found on charts on various timeframes. This figure is similar to the English letter "W".
The appearance of this figure means that the downtrend is coming to an end. This signal indicates that the pressure of buyers is strong and sellers are losing ground. The double bottom pattern is a reversal pattern. A figure of a change in a downtrend to an uptrend.
Features to which you should pay attention when forming this model of a figure.
1) A downtrend is needed before the Double Bottom. As this figure is a reversal pattern of a downtrend to an uptrend.
2) The first bottom marks a local minimum and the lowest point on the current trend. On the first bottom mark the first point of the support line.
3) Rollback after 1 day is usually + 10-20% of the price of the "First bottom". The maximum rollback usually becomes a resistance line.
4) The second bottom is formed after the pullback, and is usually accompanied by a low trading volume. As a rule, the second bottom confirms the support line from the first bottom, but slight deviations are possible. Depths 1 and 2 of the bottom do not have to coincide and be parallel.
5) The price increase after the second bottom should be accompanied by an increased trading volume.
6) The intersection of the resistance line from bottom to top - the complete completion and confirmation of the figure "Double bottom". As a rule, the intersection is accompanied by increased trading volume and skyrocketing prices.
7) Turn resistance into support after confirming the "Double bottom".
Setting target when working with a figure.
Here I want to clarify the moment of entry into the transaction. In most cases, traders use two methods - either trade breakdown, or to rollback.
1) In the first option, the trader enters the market immediately after breaking through the resistance of the double bottom. A little below the level you can set a stop loss. It is undesirable to set a stop loss very far from the entry point.
2) When trading on a pullback, it should be restrained to react to breaking through and subsequent upward price movement. It is advisable to enter the market when the asset returns to the level of resistance, as a result of which it will be confirmed as support. This method is called trading the first pullback.
3) There is also a third entry option from supporting the Double Bottom figure if it is confirmed. As you know, the entrance is carried out until the formation of this figure. In most cases, I use this option. It is the most profitable and, as for me, brings more profit, as in the case of not confirming this figur TA, I already earn. Risks in comparison with profit are minimal.
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DCN / ETH Downlink. Reversal zones. Work from the trend.Downtrend on Dentacoin coin forming a channel.
For the year in the channel there were 3 pumping from the bottom of the channel + 83%, + 77%, + 175%.
Perhaps in the near future we will see the next pumping price.
At the moment, a wedge has formed in the channel.
It was possible to lower the price in this pair in connection with the growth of ether (the coin to which is being traded). Remember what I described in the training idea on asynchronous work on alt and BTC (ETH, LTC). The potential of the channel is + 470%.
The points (zones) of the price reversal I showed on the chart. Also watch carefully for the downtrend line of the wedge (wedge resistance).
Entrance when the price overcomes the line of resistance of the wedge (red line).
But on the other hand, in the majority of pumping occurred by pulses so as not to let those who wait a little cheaper enter.
Stop Loss Set Stop Loss value with calculation of your trading strategy and money management.
Target. The potential of the channel is + 470%.
But any line of the downtrend of the channel can act as a resistance.
If the price can overcome the downtrend channel (channel resistance), a reversal of this secondary downtrend will occur. Then the goals can already be impressive. Levels shown on the chart.
The legend of the project is Blockchain's solution for the global dental industry. The legend, unlike other promising projects, is supported by the principle: “Someday we will turn the mountains”, at least by their activity. Confuses a large number of blocked coins. Therefore, this coin is not for holding, but for speculation from a good entry point to the planned exit or exit from certain situations in the market.
In November-December 2017 , before all the high season of altcoins, I earned decently on this coin. Working in the channel about 2 months to the pump by + 1900%, and then more than + 8000%. Pumping was with an acceptable volume for such a coin. Unfortunately or fortunately, more than 70% of my position was sold out + 300%.
My walls were torn down and the price flew into heaven. I recorded a profit. Then I played with what was left, gradually increasing the number of coins on rising prices. At any moment, I could sell on the market, like any exit price - for me there was already a profit. Above + 1000% of the accumulation zone the game stopped, I already had enough. There was no longer any liquidity with a rise in prices; games began for the chart, but not for earnings. Further there was a green light for super greedy and inadequate people. Let me remind you that the price soared by more than + 8000%. Price increase took place in just 3 weeks.
Why did this happen? Why did they manage to raise their price? Why were there mostly inadequate buyers, but no sellers? There are several reasons. If I have time, I will make a teaching idea and describe what happened there, so that you see such manipulations. And in the future you knew what to do and what not to do.
By the way, similar manipulations are now happening on some coins, I won’t write the name, how it will look like an advertisement. I don’t need that.
Dentacoin (DCNUSD) Major Reversal Signals and Patterns
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
DENTBTC Technical Analysis.You can keep watch on DENTBTC
I have a Mention Stop loss and Take profit on the chart please read it properly.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
DENT Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
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Thanks for visiting.
DENT Trading AdviceBuy Price: Yellow Line
TP: Green Lines
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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Thanks for visiting.
Still in Pitchfork (25-08) #DENT - CryptoStationBuy : 37-38
Sell : 39-40-41-42
Stop : 35
Follow me for more signals
Short term for DENT!Dent has been falling since listed on Binance. With growing the capital market, there is a big chance that a lot of investors will invest money in relatively cheap and stable coins to make a lot of percentages. It is currently consolidating. We can see a big move from DENT in a few days, indeed, it can happen even today. Let's watch this coin out. A lot of opportunities in this market right now.
Enter:
0.00000032 - 0.00000040
Sell:
1. 0.00000052
2. 0.00000064
3. 0.00000080
4. 0.00000105
Dentacoin DCN to mark highChart study depicts Dentacoin to register a high mark soon
Profit potential is great