DENTUSDT
DENTUSD - LIKELY MOVE TO 0.0215🚀🚀Here is another coin that has potential to give you 60% ROI on your investment.
Here is an inverse head and shoulder pattern displayed on the chart.
We need an upward breakout from the neckline to confirm a bullish movement to $0.0215.
Once the breakout is confirmed, we buy🚀
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
DENT IS INTERESTING. :)Hello, hope you all are safe and doing good. Today I am publishing my idea on DENT, which to me, has been quite interesting to follow. In general, you can make good money with it. I will mention two scenarios and give the reasons for both. In general it has followed a downtrend channel, with two areas. It recently jumped from the the low area to a higher one in the downtrend channel.
FIRST SCENARIO- It has the number 1 in the chart. This scenario has the chance to play out more than the other one. It looks as it has played a small bullish move for the future and the long term, and it actually did. I see it prolly very profitable in the close future. But as for the short, I RSI indicators and many other indicators show that it could make e rejection at the blue line, dropping in a small are of support and then after a small jump going to the other line of support (white line) to relax the indicators for a move on the high level. In the short term I see it trying to go to 0.0097, but a rejection there would take it to 0.0077-0.0081 area and more rejection would take it to 0.0054-0.0056 area. In general it must not close under the orange line for the long term scenario as it looks as it is forming a cup pattern.
SCENARIO 2- In this scenario, if a good volume is put through it, it could break up to 0.0019-0.002 area, a retest and period of consolidation there, in order for a jump to new highs and new ATH. if this one happens (do not get twisted with a fake out in that area, be careful when to enter, it needs to retest there), in short term will be bullish, but in mid term it may turn quite bear at some point, and you need to be careful. But I see that RSI needs more relaxing, so if this moves happens, it will be good for the short, but not good for the mid term.
If you have any comment or idea, share it with me. Be careful trading, be smart and patient. Good luck. :)
DENTUSDT Inverse Head and ShoulderDENTUSDT (1H CHART) Technical Analysis Update
Inverse Head and Shoulder
DENT/USDT currently trading at $0.0095
Buy-level: $0.0090 - $0.0095
Stop loss: Below $0.0080
Target 1: $0.0105
Target 2: $0.0112
Target 3: $0.0124
Target 4: $0.0135
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
A DENT HAS BEEN PUT IN DENT'S MARCHIf the confluence of resistance is broken, it will sure be a valid upward momentum, but for now, considering the grand scheme of the things, it seems like a tall order! DENT is imprisoned between MA30 and MA50. The upper boundary of the channel seems relentless with MA50 running alongside it. However, one thing is for sure, the upper line of the channel is growing softer with every swing DENT throws at it! Critical support areas have been designated in blue! Critical resistance zones have been drawn in red! Let's see how things roll out! I gather there will be another leg down to muster the strength needed to smash through the hurdles!
DENT LONGCoin: DENT
Bias: BUY
FILTER Time Frame: DAILY, H1
After a massive dumb, looking forward to see dent back to bullish trend. Key ressistance at 0.095250 if broken and restested successfully might be a key support for dent to return back to bullish run.
S1, S2 & S3 are key suppot level for long entry.