Market insights
DENT/USDT : Rejected into a rising wedge BINANCE:DENTUSDT
Hello everyone 😃
DENT has been rejected into a rising wedge ( It's formed by 2 bullish trendlines ).
Now MACD is slightly bullish and MA 200 is below movement !
Current bearish trendline got one more chance to reject movement for breakout...
But as DENT is approaching lower bullish trendline, MA 200 will try to support it from that level.
So breakout and stay into rising wedge is very possible !
📌 Also there is a support line at pointed level around MA200...
How to break rising wedge then ?
Sadly there is a MA 100 which is above movement and it will makes wedge's higher line stronger !
How ever rising wedge is a bearish pattern, But in bull markets;
Most of them failed to lead the price to lower levels.
So best opportunities for taking long on DENT is :
- After confirmed breakout from bearish trendline.
- After confirmed breakout above rising wedge and MA100.
🔴 Funding is slightly high across all the major exchanges. We can expect small dip during weekend so manage your risk accordingly and buy in parts. Don’t go all in single shot with high leverage otherwise you’ll be punished hard!
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
DENT possible bullish or fall of the supportDENT USDT
In 4h he returned to the bearish channel, which is positive since he was out of it for a long time
It seems that the MACD wants to close but the bulls manage to raise the price above it.
In 4h he is in Bullish in 1h trying to take him to Bullish.
If it is possible for it to break its resistance it is still a high risk shitcoin.
Remember that Saturday and Sunday are bearish, DENT on the 1d chart is still bearish, at 4h and 1h it indicates bullish and seems to break the resistance.
It is your decision to take the risk or not.
I for my part remain partial.
The bears are strong. But the bulls have managed 3 times to reject the MACD going lower.
Currently DENT is in a fighting zone, both bears trying to keep it down and bulls rejecting these declines.
It is high risk. It is your decision
4h Analysis:
Exchange DENTUSDT 1d Binance
Price: 0.01| 0.01| 0.01
Vol: 17,145,961,600|17,404,240,134|16,424,631,716
ATR: 0.0025
✅OBV: 273.9 B| 291.0 B| 273.6 B
⚪️RSI: 49.10| 49.11| 49.09
⚪️MFI: 48.73| 54.91| 55.12
⚪️CCI: -106.51| -113.17| -142.28
❌WR%: -73.34| -77.14| -77.35
✅ADX: 47.01| 50.08| 53.03
❌MOM: Bearish Momentum
❌SMA: Price Below SMA Bearish
❌ADI: -DI > +DI Bearish
❌MACD: Bearish
❌PSAR: Bearish
Support And Resistance
S: $0.010
S: $0.012
R: $0.012
R: $0.013
R: $0.014
R: $0.015
R: $0.016
R: $0.017
R: $0.017
R: $0.019
Volatility is very high
EXPERIMENTAL 🧪
🐂RSI: Bullish divergence
🐂MFI: Bullish divergence
⚪️FVE: No divergence
⚪️Volume: No Trend or volume confirms trend
Dent/Usdt Falling wedge breakout doneDent was making falling wedge and the breakout + retest done and now it is at support after testing it will pump hard.
Not financial advice.
DENT, it's time to grow up!What I like:
MRI BUY. If MRI singles appear on or near the tops or bottoms of swings, they usually result in a 1-4 candle correction or trend change. Even 2-3 DAILY correction candles will give DENT enough attention to grow further. We know this can be very quick.
A long bounce from the 0.618 Fibonacci zone
There is also strong historical resistance there
Many altcoins have started to rise
However, DENT is still under the downtrend line.
The ideas are mine, the risks are yours.
Disclamer: I'm sharing my thoughts and not giving financial advice. All decisions are your own and you are responsible for them.
Have a plan for the situation if something doesn't go your way.
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