Could DENT be one of the opportunities for an upcoming bull run?After showing a violent upward momentum during the last few weeks, DENT is now in a clear accumulation phase with strong support in the 56-57 area.
A breakout through the top of the compression triangle could trigger another upward breakout for this currency.
DENTUSDT trade ideas
$DENT as BTC goes into price disovery, we must have a altseason, remember how works the money flow: bitcoin -> largeCaps -> midCaps -> smalCaps.
as we have seen $DENT doing amazing returns on this bull run, and DENT Wireless are indeed a Telco, and keeps developing and sellig his product to other telcos worldwide, this look i am doing takes in consideration a elliot waves appetrn ABCDE in conlfuence with the fibo levels and a Harmonic AB=CD with target in U$ 0,16 wich are a conservative number, if u take in considerations that its a real world used crypto asset.
so let the bulls out !!
DENT where are we right now? Update from previous ideas -
we are now following the support trend line upwards, and it is possible it will break this trend live by sitting up on top and then riding it upwards.
If we see a break upwards, we might get a head and shoulders formation happening, as it is setting up the pattern nicely at the moment.
BTC dependent - if we see a dump on BTC, we want to buy BIG at the green zone on bottom. At least 80% bag holdings there.
IF we see a BTC rise and we touch red zone, we want to wait for one candle push past this zone, or close above this zone. Closing is better.
For now we wait till November, BTC is dragging all the crypto dominance with it right now, so we need to wait
Linked ideas below
DENTUSDT - Next challenge and predictable highsBINANCE:DENTUSDT
4H trend chart
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DENT has consolidated for around 2 months since hit $0.0085
During this consolidation, it is forming a support zone(pink rectangle)
Also, there are two downtrend lines, short-term(orange) and long-term(deep blue).
Now, price has broken out the short-term trend line, and it's really good for bull sign.
I think it will eventually take out the long-term one, and if it does, trading strategy as below.
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Profit Targets:
a) 0.006920----Fib(1)
b) 0.007771~0.008116----Fib(1.272~1.382)
c) 0.00885-----Fib(1.618)
Stop losses:
a) SL will be set up after price breaks out the upper downtrend line
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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!
DENTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
DENT/USDT { DENT } - BULLISH SETUPANALYSIS 🔎
- DENT/USDT brokeout above the inverse head and shoulders pattern as expected from my previous analysis.
- Price hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.7 - 0.786).
- The pullback retracement was resisted by the bullish flag pattern.
- Price brokeout above the bullish flag's resistance as expected.
- Price is currently retesting the bullish flag's resistance and the key fibonacci retracement zone.
- Price action is showing a potential formation of the inverse head and shoulder's bullish pattern (not indicated to avoid crowded chart).
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
Market entry: current market price.
- Stop limit entry: Breakout above the horizontal resistance level (@0.006290).
- Limit entry: possible short term retracement.
TARGETS 🎯
- Horizontal resistance level (@0.006290).
- Horizontal resistance level (@0.008900).
- Fibonacci extension levels 1.0 (@0.010841)
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (0.004233)
DENT D challenge downtrend again !In DENTUSDT D
Price brokeout the NO.1 downtrend and retested it.
With the fan line theory we modify the downtrend like NO.2
If it can breakout and go up the neckline .
We can setup the plan
SL:0.004978
TP1:0.008900
TP2:0.010896
TP3:0.011703
TP4:0.013436
TP5:0.016239
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DENT possible movedent possible move, when alt coins go up. BTC dominance falling, so move can come soon.
many alts went up x3 to x4 in the past week or even more
dent has been accumulating in this range and it didnt make a move yet,
i think its getting ready to break the trend line and after it could catch up with the rest of the market to the point of where most of the alts are.
its risky so trade it with caution and use Stop losses
not financial advice
DENT - Short Term 0,8 - 0,9$After observing the price action over the time frame I came up with the logical scenario that I saw.
Expected target on October 29, the price will return to $ 0.8-0.9.
Have a great time trading!
Always keep a cool head and don't be greedy!
Even if the probability is 99% correct, 1% wrong still makes us burn our property!