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.
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.
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.
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
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.
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.
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.
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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