EthanTW

DENTUSDT - Next challenge and predictable highs

做多
BINANCE:DENTUSDT   DENT / TetherUS
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!


Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。