Put a DENT in those losses with a 24-100% Swing Trade Potential
TECHNICALS:
DENT is in a massive accumulation triangle that has been going on since August of last year. We've seen massive buy side volume spikes with strong support around the 22-23 Satoshi level.
Moving Averages are flattening out with 50/100 forming a majority of our topside resistance.
The RSI is starting to see some upside momentum.
The 3 day TD Sequential is showing a green 9 set-up, which historically has been very strong for altcoin set-ups.
FUNDAMENTALS:
There are two DENT events coming up in Q1 and Q12 which involve adding the SMS and voice calls to become a blockchain based world-telco as well as video calls to the DENT apps being built.
Trade will be invalidated if we break the lower support at 22 satoshi's.
For a risk/reward, I would look at a stop loss at 21 satoshi's and take profits at 30, 42 and 47.
With these kinds of trades, as they're not 'trending' and they're more of an early entry on support, it's important to be patient.
They can sometimes take a week or two to pay off.
As the trade moves, trail your stop loss.
VIEW THE LAST TRADE: $RVN - 100% profit.
DENT is in a massive accumulation triangle that has been going on since August of last year. We've seen massive buy side volume spikes with strong support around the 22-23 Satoshi level.
Moving Averages are flattening out with 50/100 forming a majority of our topside resistance.
The RSI is starting to see some upside momentum.
The 3 day TD Sequential is showing a green 9 set-up, which historically has been very strong for altcoin set-ups.
FUNDAMENTALS:
There are two DENT events coming up in Q1 and Q12 which involve adding the SMS and voice calls to become a blockchain based world-telco as well as video calls to the DENT apps being built.
Trade will be invalidated if we break the lower support at 22 satoshi's.
For a risk/reward, I would look at a stop loss at 21 satoshi's and take profits at 30, 42 and 47.
With these kinds of trades, as they're not 'trending' and they're more of an early entry on support, it's important to be patient.
They can sometimes take a week or two to pay off.
As the trade moves, trail your stop loss.
VIEW THE LAST TRADE: $RVN - 100% profit.
