DENT/USDT - Binance - Potential channel and bull flag breakout
Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet.
Channel break DOWN measured move meets the 100EMA and red CPR line.
If there's further downward movement you could DCA at the lower red CPR lines.
Channel break UP measured move meets the 3.82 FIB and the 1st green CPR line (around 0.006148).
Further upward movement could lead to two potential pole moves; yellow meets the 1.0 FIB extension (0.007148ish) and white hits a green CPR (0.007382).
All eyes on BTC
Channel break DOWN measured move meets the 100EMA and red CPR line.
If there's further downward movement you could DCA at the lower red CPR lines.
Channel break UP measured move meets the 3.82 FIB and the 1st green CPR line (around 0.006148).
Further upward movement could lead to two potential pole moves; yellow meets the 1.0 FIB extension (0.007148ish) and white hits a green CPR (0.007382).
All eyes on BTC
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