Tommy_Thunders

Tommy_Thunders

Potential cup and handle forming in the daily. BTC is still in a range and DENT is holding pretty well above previous lows. DENT is ready to pump hard in my opinion, the macro structure is there, we may need a bit more of volume but I think the future months looks pretty good for this project.

Tommy_Thunders

Looks like a double bottom for DENT plus a buy signal from the MACD, if it plays out, that would be a great confirmation of the bullish pennant on the weekly time frame.

Tommy_Thunders

The Bullish Pennant is one of many chart patterns, in this case is a bullish indicator. You can use the flagpole as an estimate for your targets, also keep in mind that the longer we take to break this structure, the harder we pump, so the possible 3x from the flagpole is a conservative estimate.

Tommy_Thunders

I see that BTC is repeating the same bullish chart pattern. Symmetrical type of triangle, that indicates the exhaustion of the bears, local bottom. Also the MACD is giving a buy signal like it did before, this combined with support and resistance gives pretty accurate entries IMO, obviously it could fail.

Tommy_Thunders

Huge bullish pennant on the weekly, we've been building this structure for the whole year, and you know that the longer we take to break the structure, the harder we pump. My target is five cents minimum, I think we could go way higher than that considering fomo and the news DENT has for the next year. Trade accordingly.

Tommy_Thunders

You can see the symmetrical triangle, DENT bullish momentum is not quite there yet but we're close to the main bullish channel from 2020. Claiming back the symmetrical channel would be great news for dent, this would mean that we're back in a bullish scenario. Also claiming back all the moving averages will be key, slowly but surely I think it's possible. BTC in...

Tommy_Thunders Updated 

I see some things that make me think DENT could pump in the short term. First of all huge ascending triangle, we've broken some minor resistance, but we still have to break the top of the bigger ascending triangle, that will be a key area of resistance. Thankfully for now, in the 1H time-frame, we've claimed the 50EMA, which is nice, claiming the 200EMA is the...

Tommy_Thunders

As you can see we're still in an uptrend. Ascending triangle structure is still in play. The 50SMA worked as great resistance. Finally we can see that 0.006 has worked as support and resistance multiple times lately, so we can see that's a point were people are interested in buying. This market correction could be the last one before we head towards the proper alt-season.

Tommy_Thunders

I see a great resistance at the 50 SMA, we need to break over it and claim it as a support to see a strong move to the upward direction. Symmetrical triangle right about to end, so we'll see if we go up, down or we go sideways for a longer period.

Tommy_Thunders

I think I've been looking at DENT from the wrong perspective. In the longer time-frames I can see how DENT did a golden cross in the daily chart. Last time it did that DENT went up almost 100x since the signal. Don't get too caught up in the lower time-frames, the price is way too unpredictable there, I think. But what do you guys think? Opinions?

Tommy_Thunders

Alright, here's my thought process. 1) Bullish divergence on the MACD. 2) MACD buy signal. 3) Double bottom at our latest resistance. What do you guys think, am I missing something?

Tommy_Thunders Updated 

Hidden bullish divergence in DENT, and we're super close to a MACD entry. We'll see if finally we can get a nice pump!

Tommy_Thunders

DENT following the uptrend, still bullish in the lower time-frames as well as the higher time-frames.

Tommy_Thunders

Ascending triangule in the 1h, it can turn bearish if we go below that.

Tommy_Thunders

I like to use the MACD for entering trades, last time the MACD gave an entry signal we had 50% profits. Now we're in a similar situation, we'll see how it plays out.

Tommy_Thunders Updated 

Last time there was a MACD crossover below the zero line at a resistance zone, it moved 60% up, now we are super close to another crossover.

Tommy_Thunders

DENT broke the resistance of the downtrend and now is moving in the upwards direction with a clear support, not only the Fibonacci levels but also the support line drawn in the chart.