himynameisbobby

Dent Showing Signs of a Potential Trend Reversal

Long
BINANCE:DENTBTC   None
DENT is currently looking for momentum to break out of the downtrend it has been trading in. Smaller time frames are beginning to see Ichimoku Cloud pierces. In particular, the 15min time frame is currently showing a break and close above the bearish Ichimoku Cloud. The 4HR chart printed a T.D. Sequential 9 count buy signal, and has begun to reverse. I would watch out for the 50 EMA to cross over the 100 EMA on the 15min chart, as well as an increase in daily volume, which would both be further confirmation of a reversal.

Recommended Buy Area
Between 60-64 sats

Stop Loss
58 sats

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.