DENT / BTC Wedge. Possible formed Double bottom. Pivot points.
Updated
DENT / BTC After the break of the downtrend line (the line of resistance of the downtrend), the price made an increase of + 20%. And thereby a potential top of the Double Bottom figure was formed. Now the price has rolled back.
Pivot points (zones) and the algorithm of potential movements I showed on the chart.
If support is confirmed, a “Double Bottom” pattern may be formed.
TARGET.
The potential of the figure is "Double bottom" + 47-100%. The levels on the chart.
The potential of the “Falling Wedge” figure is + 60-120%. The levels on the chart.
ENTRANCE.
Entering the market after confirming the level of support. I showed the area for observation.
It is also possible to enter the breakout of the resistance of the “Double Bottom” figure or rollback after the breakout if this movement is confirmed. But then the potential profit is less.
Stop loss.
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
Pivot points (zones) and the algorithm of potential movements I showed on the chart.
If support is confirmed, a “Double Bottom” pattern may be formed.
TARGET.
The potential of the figure is "Double bottom" + 47-100%. The levels on the chart.
The potential of the “Falling Wedge” figure is + 60-120%. The levels on the chart.
ENTRANCE.
Entering the market after confirming the level of support. I showed the area for observation.
It is also possible to enter the breakout of the resistance of the “Double Bottom” figure or rollback after the breakout if this movement is confirmed. But then the potential profit is less.
Stop loss.
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
Trade closed: target reached
Trade active
Trade closed: target reached
+50%
Trade closed: target reached
Note
downward wedge . The price is clamped. Soon there will be a denouement of the situation.
Trade closed: target reached
Trade closed: target reached
+ 68% + 50% + 64% (95% of the indicated red level) A symmetrical triangle (figure of uncertainty) is formed. Entry at the breakout of the triangle or from the buy zone as before.Note
Note
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