DENTUSDT 4H trend chart - DENT has consolidated for around 2 months since hit $0.0085 During this consolidation, it is forming a support zone(pink rectangle) Also, there are two downtrend lines, short-term(orange) and long-term(deep blue). Now, price has broken out the short-term trend line, and it's really good for bull sign.
I think it will eventually take out the long-term one, and if it does, trading strategy as below. - Profit Targets: a) 0.006920----Fib(1) b) 0.007771~0.008116----Fib(1.272~1.382) c) 0.00885-----Fib(1.618)
Stop losses: a) SL will be set up after price breaks out the upper downtrend line - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see!
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