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#dent #dentcoin #denttoken
Hey friends this is a hope you’re well and welcome to the new update on Dan token on a daily time frame chart recently Dan token has broken out this falling veg pattern you can see that for the past several days since after 19th of December 2023 it was moving inside
This veg and recently we have broken out the resistance of this vadge and we have also broken out this resistance of1 as well but you can see that still the volume is very low and in today’s video we will analyze this move and on a
We L time frame chart you can see that already Den token has broken out uh two very big falling wedges one was broken out here in the month of uh January 2023 and after that it was stuck inside in another falling wedge pattern and that uh wedge was broken out here in the
Month of October 2023 and recently uh it has broken out another falling wedge pattern that was by the way visible on The Daily time frame chart and now you can see that recently the price L has also left the resistance of this uh falling W pattern as well and in today’s
Video we will Analyze This breakout as well but before starting this analysis if you are not subscribed to my channel then do subscribe it and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing
Different trading signals for you and you can find a link to join me there in the videos description I’ve shared and if you would like to see how my trading signal work then I will also share the link for the trading signal report for the previous month of January 20 24 in
The video’s description and you just need to open that report and if you would like to check or verify any trading signal like this is the trade setup for Arc you just need to click on the link and it will take you to the trading views chart and on this chart
You can watch the complete trade setup like this is the buying range and the sell Target on and the stop loss and in order to see how the price line moved after sharing the signal you need to click this play button like I’m going to do here and after clicking this button
You can see it is showing us that the price nicely moved up from the buying on and rallied beyond the sell Target on now let me to take you to the live chart of Dan token and you can see that for the past SLE days since after 19th of
December it was moving inside uh this falling wedge pattern and you can see that quite obviously it was testing the resistance more than the support only spikes were touching the support of this vegge and after getting squeezed it finally broke out the resistance of this
F and by the way if it won’t was testing the resistance more than the support that was a quite clear signal that it is eventually about to break out the red and you can see that we have finally broken it out and we have also broken out recently this resistance
Of1 as well and you can see that it fall breaking as a support here and even before that it has been working as a support here as well this point uh one uh1 level and now therefore again it can break as a strong support now we we need
A buying volume support like we had here and here then I’m expecting that soon it uh it can hit the target for this breakout and that Target is about be here at the top of the wedge approximately at 0137 but in my point of view it can also
Try to break out this long-term resistance of uh 015 as well if we take a look at the weekly time frame chart then you can see that this point 015 has been breaking as a very strong resistance here and support here back in the month of July 2021 therefore again
It can work as a strong resistance and now we need to keep an eye on this next upcoming resistance at15 and once the price and will be able to break it out then this powerful rally will be continued that was begun here when we broke out this previous and very
Big falling wge pattern in the month of January 2023 and now if we take a look at the Target uh for this huge breakout from this very big falling wedge pattern that Target is here at the top of the wed that is between 2.3 cents to 2.5 cents
This was the update so far I hope that you have liked the analysis then do hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing different
Trading signal for you and you can find a link to join me there in the video description I shared take care goodbye