After Testing The Strongest Support | DENT Token Has Started Powerful Reversal Move

After Testing The Strongest Support | DENT Token Has Started Powerful Reversal Move

By moon333 | moon333 | 25 Dec 2021


 

Hi, friends hope you are well, and welcome to the new update on Dent token.

Broke out channel:
On a daily time frame, at the start of Nov 2021 the priceline of Dent started the formation of a down channel . After testing the price support of $0.029, Dent finally broke out the resistance of this channel with powerful divergence. Now there is two major upcoming resistance in the way of Dent. One is $0.055 and the next will be $0.075. $0.075 can be key resistance.

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Daily oscillators:
It can be also observed that on the daily time frame RSI and stochastic both oscillators were oversold and now both turned bullish together. Bother oscillators are also showing bullish divergence .

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Weekly stochastic:
On the weekly time frame, the stochastic has given buying signal from the oversold zone. It can be noticed that whenever stochastic enters the oversold zone and turns bullish , the priceline follows the signal and start big rallies. Therefore, this time we can expect another big move.

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Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882 

 

 

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.

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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