DENT/USD is looking for continuation if we hold the key support levels.
So far we’ve seen a good rally and afterwards a correction. Another reason why DENT/USD would look good is because DENT/BTC just retraced to the golden ratio, potentially forming a reversal around those levels.
DENT/USD is also forming a falling wedge pattern which could strengthen the bullish continuation.
Entry levels are :
0.0075 – 0.0079 USD (Accumulation)
0.0092 – 0.0095 USD (Breakout)
NOTE: The breakout an as well be taken earlier or a retest of the declining resistance being back-tested as support. That would be around 0.0090 USD. Important is that after a valid breakout 0.0092 – 0.0095 turns into support.
Target : 0.01785 USD
Invalidation of this idea : Decisive break below 0.0070 USD
In that case we could see the breakout of this pattern further down the pattern.
