DENT has been moving in an descending triangle for sometime now. EMA 25 which was until now working as support has now working as Resistance, which is a good sign of it moving downwards.
May be in couple of days we might witness a potential breakout close to 0.0095613. Post that it would be hard to stop this heavy metal from dropping. This will open opportunities for traders.
Target 1 can give us a profit of 22% and if it decides to drop further then get to ready for additional 21% profit.
Keep your eyes open and wait for DENT to be dented :)
If you like my analysis then dont forget to throw a link and leave your comments. Also let me know if you want me to analyse any specific currency pair for you :)
NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely
May be in couple of days we might witness a potential breakout close to 0.0095613. Post that it would be hard to stop this heavy metal from dropping. This will open opportunities for traders.
Target 1 can give us a profit of 22% and if it decides to drop further then get to ready for additional 21% profit.
Keep your eyes open and wait for DENT to be dented :)
If you like my analysis then dont forget to throw a link and leave your comments. Also let me know if you want me to analyse any specific currency pair for you :)
NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely