Long
After Breaking Out The Channel DENT Can Break Next Resistance
Hi friends hope you are well, and welcome to the new update on Dent token.
Broke out channel with bullish divergence:
On the daily time frame, Dent has broken out a down channel, for now it is rejected by $0.0055 resistance but there is also a bullish divergence appeared as priceline is forming higher high but the price action is failed in forming a new high. Therefore, Dent can breakout the resistance of $0.0055 then next resistance will be at $0.0075.
SMA and oscillator:
On weekly time frame, there is a good support of 100 simple movingaverge support and the Stochastic is suggesting that the market of Dent has been oversold as it has entered the oversold zone.
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
Broke out channel with bullish divergence:
On the daily time frame, Dent has broken out a down channel, for now it is rejected by $0.0055 resistance but there is also a bullish divergence appeared as priceline is forming higher high but the price action is failed in forming a new high. Therefore, Dent can breakout the resistance of $0.0055 then next resistance will be at $0.0075.
SMA and oscillator:
On weekly time frame, there is a good support of 100 simple movingaverge support and the Stochastic is suggesting that the market of Dent has been oversold as it has entered the oversold zone.
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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.