DENT-Tokenizing the Telco World- Should we be paying attention?Recent gains have bought Dent to the attention of the wider Crypto Community.
Relatively flat trading preceded this recent surge but some partnerships and positive press seems to be steadily increasing the move into the project.
Early investors would be glad to see this sudden spike while those that have missed this latest pump may be looking for an entry.
Personally I'm cautious of these dramatic daily pumps due to the large contingent of Crypto Pump Groups emerging on the scene at present but the PA seems to correspond with recent announcements so it may be a case of "buy the rumour"
The project has a solid real world use-case so may be one to take a position and pack away for the future.
Looking at the chart-
1hr candles used here which isn't ideal but lack of historic PA at current level leaves us a bit in limbo charting this.
Currently in no mans land in relation to resistance and support in this descending channel so ideally we will have a better idea within the next few hours.
- Personally I'm looking for some form of stability and support on the hourly chart at current price (0.0007200) but it does seem somewhat weak.
A loss of support would bring lower entries into play and may provoke buyers to the table while a break or break retest of current downtrend may also signify a buy signal.
I'm cautious of this one and ready to close my position if I get the yips about the PA but the gambler in me wants to just let it ride.
As always, not financial advice,
Just my own thoughts and TA - DYOR!
Feedback Welcomed!
Bingaz
DENTUSDT
DENT with Three Take Profit TargetsBINANCE:DENTUSDT is in an ascending triangle, which is a bullish pattern. Wait for a breakout of the (red) horizontal resistance line. Put your stop loss at a percentage you feel okay risking (typically between 1-5%) depending on your risk appetite. Take profit 1 through 3 are in dotted lines.
DENTUSD will surge beyond his ATHDent wil go beyond his last all time high.
I have inspected this coin carefully the last bull run in 2016-2017 why it surge hard when the altcoin season starts.
Even some people think this is a scam coin or shitt coin.
There are 3 main reasons;
1.Binance high volume
2.good marketing and team
3.people believing in decentralizing mobile sim-cards and not depending on the goverment.
Short term analyse is 0.0007 dollar, but after it can go beyond it's all time high.
Goodluck and always listing to yourself which projects are great in your eyes..
DENTUSDTA volume diversion bar has formed on the daily chart. Fractal is above the 13ema and price has pushed into the high/low 5ema channel without crossing the high. Price is above the 200ema and RSI above 50, which tells us this is an up-trending market. The first target is the last fractal high or a volume diversion bar to the downside. A stop will be placed below the prior daily candle 13-01-2021. Enter on today's candle 14-01-2021. Good luck!
DENTUSDT completed BAT | Upto 80% expectedHi friends hope you are well, and welcome to the new update on Dent token.
On 12-hour chart, the price action of the Dent has completed final leg of bullish BAT and entered in potential reversal zone. There is also strong support of 200 simple moving average in PRZ level.
Buying and sell ranges:
The buying zone starts form 0.786 to 0.886 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.886 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 80%, and the loss possibility is only 10.5%
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/USDT Analysis (5/1) #DENT $DENTDENT is in pretty bad situation when in this January it can fall pretty deep, possibly as low as 0.00012$. It is not advisable to hold DENT at this point.
Only when the DENT rises again and conquers 0.00024$ zone, it will be possible to rise again.
📅NEWS
No News
📈BUY
-Buy: 0.00018-0.00019$. SL if B
-Buy: 0.00014-0.00015$. SL if B
-Buy: 0.00011-0.00012$. SL if B
📉SELL
-Sell: 0.00018-0.00019$ if B. SL if A
-Sell: 0.00014-0.00015$ if B. SL if A
-Sell: 0.00011-0.00012$ if B. SL if A
♻️BACK-UP
-Buy: 0.00023-0.00024$ if A. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
DENT USDT In this chart we see that :-
1- the price now at 0.00021$
2- the price is near buy the support level 0.00019$
3- the price is in exact MA50
4- there is 2 positive buy signals from engineeringrobo
What we have to do ?
1- according to the positive buy signals it is ok if we take a position in this trade
2- if the price close above MA50 in daily frame it is ok to increase our position in the trade
important advice
always follow the ROBO signals and mange your trade successfully
trade with your own responsibility
DENTUSDT AnalysisI am neutral one DENT at the moment while EngineeringRobo remains bearish.
If you are holding DENT at the moment, you should continue to hold and pay close attention to see if the candles continue to trend upwards, or, if the candles break down through the uptrend support line (turning into resistance level). You should be aiming to sell at the .0002 resistance level. Though, since Risk /Reward ration is below 2, you should be very cautious with any trades.
If you are interested in buying DENT your options are:
-Buy now at the uptrend line
- Buy with EngineeringRobo signals
- Buy at the 0.0001 support level
If you buy with EngineeringRobo buy signals, pay close attention for those EngineeringRobo sell signals!
If you're looking to use EngineeringRobo, DM me!
DENTUSDT AnalysisAs of now, I'm BEARISH since there are 3 sell signals present.
So, this is not a good time to buy right now.
If you want to buy again, we have 4 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.00034) for 1D to buy,
3- You can buy when candles open-close above the up-trend line
4- You can buy when candles touching the support line (0.00020).
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.