Long
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
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
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.