@pipsnipers

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72

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10.53

Analysis

38
Correct
4
Fail
18
Pending
16
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0
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If You Had Traded on This Analysis…
Pending
DENTUSDT
Long Entry 0.0008 2025-08-10 20:19 UTC
Target 0.0068 Fail 0.0004
Risk/Reward 1 : 14
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DENTUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
The analysis suggests DENTUSD is poised for an explosive upward movement, identifying a potential ABC corrective wave pattern followed by price funneling, indicative of indecision and a "wall of worry." The analyst anticipates a breakout, retest, and subsequent expansion upwards, drawing parallels to a Wyckoff accumulation phase. Using 21-day and 50-day moving averages on a 3-day timeframe, the analyst notes backtesting of the 50-day MA and the importance of holding above the 21-day MA. A three-day closure below the 21 day EMA may give a sell signal. Should DENTUSD exceed a higher high near 0.00089, it would act as a final last point of support before a move to reach 0.0068. Furthermore this analysis gives another perspective if you use 21 day EMA for this crypto, with that you can hold until the bearish trend start.
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