A while ago I made an analysis on the expected future price action of DENT, see below.
While the bullish move happened quicker than initially anticipated, the 0.0075 resistance mentioned in the previous analysis was almost spot-on.
At the moment we're seeing a period of consolidation for DENT, which was expected after the huge move from early August.
Assuming BTC will remain relatively bullish, I'm expecting the red area of support to hold. Next target is the green area of resistance drawn on the chart. Assuming we get there in the next two weeks, we might already be looking at new all time highs in the near future.
Happy trading!
While the bullish move happened quicker than initially anticipated, the 0.0075 resistance mentioned in the previous analysis was almost spot-on.
At the moment we're seeing a period of consolidation for DENT, which was expected after the huge move from early August.
Assuming BTC will remain relatively bullish, I'm expecting the red area of support to hold. Next target is the green area of resistance drawn on the chart. Assuming we get there in the next two weeks, we might already be looking at new all time highs in the near future.
Happy trading!
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