DENT - Another Rally Coming?
Just a quick update on DENT. I've been concerned about making any call on this coin as it appears that its performance may be tied to a few large players, or rather that is my interpretation of the Volume indicator. Anyway, price performance looks like it is working within the lines of a Fibonacci Pitchfan (or expanding wedge ) so it is likely that if it can overcome the resistance of the parallel channel it is currently trading in, then it could rapidly appreciate into another price spike. A few notes:
- this is the 12 hour chart with Log price scale, so those previous spikes were large and very quick.
- it is likely that the previous high was a minor wave 3, so the next spike might be the completion of the impulse wave 5, leading to a serious correction.
- this is very speculative, but I've drawn the target at the same level reached on Wave 3. It seems to fit well
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