🔥 DENT Bullish Price Action

6 Ağu 2021

Since DENT reached its ATH at the start of April, this token has seen a continuous bleed from there. During this bleed, DENT lost around 93% of its ATH value at some point.

However, it appears that this continuous bleed has stopped for now. As seen on the chart, DENT has drawn a higher low on the chart, a potential reversal pattern in the making.

The main area to look out for is the 0.00282 resistance. Once we can get a daily close above that, I'd be looking for long entries. First major resistance from that point would be the 0.00475 area.

Obviously, keep an eye on the movements of Bitcoin. A reversal from BTC will drag all the alts down with it.

Happy trading!

6 Ağu 2021

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Edit: The ATH of DENT is around 0.98. I'm talking abou the local high during this bull-cycle.