DENT / TetherUSLong
DENT - Another update
A brief update on DENT following the breakout of its declining channel. The 1D MA9 has crossed bearish below the 1D MA 20 and you may wonder if this is a bad omen. However, if you look carefully at March 6, you will notice that this also happened there, immediately before the commencement of a rally to new highs.
The most immediate obstacle for DENT to overcome is the Fan Resistance line currently suppressing the price action. Once through that, though, there could well be a rapid appreciation to 0.02.
The most immediate obstacle for DENT to overcome is the Fan Resistance line currently suppressing the price action. Once through that, though, there could well be a rapid appreciation to 0.02.
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