Dentacoin (DCN) & coming x3 Boom
Hello traders,
As per dcn holder requests, looking at the waves structure here, price might ended the recent dip and price might bottomed especially when count the last dip in 5 waves structure so price might continue to go up and if the current move is in wave 3 and extended then might see as minimum X3 from current price near 0.00005 levels. Also looking to the other chart this token was fallen sharply and the current rise is nothing compared to the fall. so the journey to higher levels is just started and usually tough at the beginning before you see it happening.
the only invalidation here is to go back again and break all times low which is to me not reasonable since there is no more zeros left to count ;-)
good luck
DCNETH
Dentacoin (DCNETH) & coming Targets
for DCN holders,
as requested, looking at the chart of DCNETH pair, it seems like the current wave structure support more rise to the fibo levels. usually, the wedge pattern coming at the end of the price waves structure support the recent dip wave completion and can support the idea for a very nice big price reversal to come as we expect here. ..also you may want to look into my prevouis analysis posted for DCNUSDT chart confirming the same idea.
good luck
DCN / USDT Triangle. Coming soon. Double bottom. Super pumpDCN / USDT Triangle. Soon there will be a denouement of the situation. Double bottom. Super pump.
Entrance
1) Entrance on a breakout or rollback after breaking a triangle.
2) Login when confirming support (double bottom option).
Target
If a triangle is broken up, the first target is about + 46.46% (false breakdown) and the full working out of the figure + 160.66%
If, for example, the triangle is now broken down, then the potential for the formation of a double bottom when confirming support. With the first goal + 160.66% and the full target + 477.77%.
Stop loss
Who uses them in their trading strategy. Under key support levels during your entry into the market.
My educational idea is an article on how to reset passengers using this coin as an example. Super pumps + 1900% and 8200% sequentially.
EDUCATION
Psychology. Traps. The reason and the possibility of pump +8200%
DCN Formed like a Cup with a handle. Potential from +80 to +160%The downward lingering trend turned into local lateral movement and thereby formed the well-known reversal pattern " Cup with a handle ." In the vast majority of cases, this figure appears on an uptrend. But, sometimes, it very rarely appears on a bear market at the time of its reversal. What we observe on this trading pair. It is possible that in cases of not confirming the "Cup with handle" figure, it will be redrawn into another TA pattern. More likely - this is a figure of the trend reversal " Double bottom".
Entrance and target.
Pivot zones and targets are shown on the chart. The first potential movement is to the zone of intersection of the downtrend (red line) and the resistance of the “cup” figure (yellow horizontal line). And this is after all + 80%. In the case of a breakthrough of this zone and consolidation above the resistance, the potential of working out the entire "Cup with Handle" pattern + 160% opens up to us.
It is possible that in cases of not confirming the "Cup with handle" figure, it will be redrawn into another TA pattern. More likely - this is a figure of the trend reversal "Double bottom". Then work with entry points and "double bottom" targets, which I described in the article. The first potential movements I showed on the chart.
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.
The main downtrend on the Dentacoin coin moved in the downward channel with a large step, which was accompanied by pumps at a fairly large percentage. For the year in the channel there were 4 large pumping from the bottom of the channel +83%, +77%, +175%. +160%. Perhaps in the near future we will see the next pumping up of the price if this pattern is confirmed and really becomes a reversal figure of this trend.
DCN / ETH Downlink. Reversal zones. Work from the trend.
A very extensive article of TEACHING which I did on the example of this coin, as I myself participated in the formation of this process.
Manipulation for dumping passengers. Pump +1900 + 8200% 82X
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"Cup with handle."
The figure "Cup with handle." begins to form when a bottom forms in a concave arc on an uptrend. This is the first part of the figure - "Bowl". Upon completion, another bottom is formed, much smaller than the first. The edges of the "Bowl" and "Handle" are at approximately the same level (form resistance). Upon completion of the formation of the "Handle", the price breaks the resistance line from the bottom up and the figure is successfully confirmed.
A "cup with a handle" does not always have perfect shapes. For example, the edges of the “Cup” may have different heights, the bottom of the “Cup” may not have a very smooth bend, and the “Handle” may have a horizontal price movement.
Stages of the formation of the figure "cup with a handle".
1) The very first condition for the formation of this figure model is an uptrend. How is it a pattern of continuing the uptrend. Ideally, the trend should be strong enough and long enough, but not too old. Otherwise, the potential for further growth and confirmation of the figure is sharply reduced. Very rarely, this pattern can form at the very end of a downtrend at the time of its reversal.
2) "Bowl" - should have a smooth concave bottom. In an ideal “Cup with a handle” (“Mug”), the maximums of the glass (edges on the sides) will be at the same level (general resistance), but this is not a requirement. But, the more "ideal" the form of the "Bowl", the stronger the signal. The more rounded shape of the figure "guarantee" a fairly good consolidation and is a more reliable sign with strong levels of support and resistance.
3) After the formation of the "Bowl", the second obligatory component of the figure is formed - this is the " handle". After the maximum is formed on the right side of the "Cup", a small rollback occurs, which is formed to the right of it and which forms the "Handle". It may look different and take different shapes and shapes: flag, pennant, triangle ... Also, these shapes meet with the "Pen" without tilt, but with horizontal movement. Typically, the handle in height does not take more than 1/3 of the height of the glass.
It is believed that the smaller the “Pen”, the stronger the breakthrough and further movement will be. The edges of the handle are approximately flush with the edges of the glass, which once again confirms the resistance of the figure. "Pen" is the last step before the final formation of the figure and the subsequent breakthrough of resistance. The breakout level of the figure is located at the level of the edges of the "cup" or slightly lower if the "Handle" is tilted down (at the resistance level of the "Handle").
Timeframe. Volume. Target.
Timeframes are of great importance. The more time it takes to form the figure, the more reliable the signal is considered. The larger the time frame, the more reliable the signal.
As a rule, at the bottom of the "Cup" the volumes have a minimum value. Then, the volume indicators during the formation of the second part of the "Cup" should gradually increase. On the rollback, prices during the formation of the "Handle" should go down. At the breakout of the resistance of the "Handle" have a maximum value. When the resistance of the figure breaks through.
The goal of practicing the figure is the distance between the minimum and maximum of the figure (resistance). The overlaid is the distance from the resistance breakout zone. But when setting goals, you need to consider global and local levels. They greatly depend on how the goals in the figure work out. You can also work with the target of the "Handle"
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"Double bottom"
The double bottom refers to the widely used figures of technical analysis and has established itself as a fairly profitable pattern with proper work with it. This model of a figure is often found on charts on various timeframes. This figure is similar to the English letter "W".
The appearance of this figure means that the downtrend is coming to an end. This signal indicates that the pressure of buyers is strong and sellers are losing ground. The double bottom pattern is a reversal pattern. A figure of a change in a downtrend to an uptrend.
Features to which you should pay attention when forming this model of a figure.
1) A downtrend is needed before the Double Bottom. As this figure is a reversal pattern of a downtrend to an uptrend.
2) The first bottom marks a local minimum and the lowest point on the current trend. On the first bottom mark the first point of the support line.
3) Rollback after 1 day is usually + 10-20% of the price of the "First bottom". The maximum rollback usually becomes a resistance line.
4) The second bottom is formed after the pullback, and is usually accompanied by a low trading volume. As a rule, the second bottom confirms the support line from the first bottom, but slight deviations are possible. Depths 1 and 2 of the bottom do not have to coincide and be parallel.
5) The price increase after the second bottom should be accompanied by an increased trading volume.
6) The intersection of the resistance line from bottom to top - the complete completion and confirmation of the figure "Double bottom". As a rule, the intersection is accompanied by increased trading volume and skyrocketing prices.
7) Turn resistance into support after confirming the "Double bottom".
Setting target when working with a figure.
Here I want to clarify the moment of entry into the transaction. In most cases, traders use two methods - either trade breakdown, or to rollback.
1) In the first option, the trader enters the market immediately after breaking through the resistance of the double bottom. A little below the level you can set a stop loss. It is undesirable to set a stop loss very far from the entry point.
2) When trading on a pullback, it should be restrained to react to breaking through and subsequent upward price movement. It is advisable to enter the market when the asset returns to the level of resistance, as a result of which it will be confirmed as support. This method is called trading the first pullback.
3) There is also a third entry option from supporting the Double Bottom figure if it is confirmed. As you know, the entrance is carried out until the formation of this figure. In most cases, I use this option. It is the most profitable and, as for me, brings more profit, as in the case of not confirming this figur TA, I already earn. Risks in comparison with profit are minimal.
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DCN / ETH Downlink. Reversal zones. Work from the trend.Downtrend on Dentacoin coin forming a channel.
For the year in the channel there were 3 pumping from the bottom of the channel + 83%, + 77%, + 175%.
Perhaps in the near future we will see the next pumping price.
At the moment, a wedge has formed in the channel.
It was possible to lower the price in this pair in connection with the growth of ether (the coin to which is being traded). Remember what I described in the training idea on asynchronous work on alt and BTC (ETH, LTC). The potential of the channel is + 470%.
The points (zones) of the price reversal I showed on the chart. Also watch carefully for the downtrend line of the wedge (wedge resistance).
Entrance when the price overcomes the line of resistance of the wedge (red line).
But on the other hand, in the majority of pumping occurred by pulses so as not to let those who wait a little cheaper enter.
Stop Loss Set Stop Loss value with calculation of your trading strategy and money management.
Target. The potential of the channel is + 470%.
But any line of the downtrend of the channel can act as a resistance.
If the price can overcome the downtrend channel (channel resistance), a reversal of this secondary downtrend will occur. Then the goals can already be impressive. Levels shown on the chart.
The legend of the project is Blockchain's solution for the global dental industry. The legend, unlike other promising projects, is supported by the principle: “Someday we will turn the mountains”, at least by their activity. Confuses a large number of blocked coins. Therefore, this coin is not for holding, but for speculation from a good entry point to the planned exit or exit from certain situations in the market.
In November-December 2017 , before all the high season of altcoins, I earned decently on this coin. Working in the channel about 2 months to the pump by + 1900%, and then more than + 8000%. Pumping was with an acceptable volume for such a coin. Unfortunately or fortunately, more than 70% of my position was sold out + 300%.
My walls were torn down and the price flew into heaven. I recorded a profit. Then I played with what was left, gradually increasing the number of coins on rising prices. At any moment, I could sell on the market, like any exit price - for me there was already a profit. Above + 1000% of the accumulation zone the game stopped, I already had enough. There was no longer any liquidity with a rise in prices; games began for the chart, but not for earnings. Further there was a green light for super greedy and inadequate people. Let me remind you that the price soared by more than + 8000%. Price increase took place in just 3 weeks.
Why did this happen? Why did they manage to raise their price? Why were there mostly inadequate buyers, but no sellers? There are several reasons. If I have time, I will make a teaching idea and describe what happened there, so that you see such manipulations. And in the future you knew what to do and what not to do.
By the way, similar manipulations are now happening on some coins, I won’t write the name, how it will look like an advertisement. I don’t need that.
Dentacoin (DCNUSD) Major Reversal Signals and Patterns
Hi traders,
I want to share with you a very interesting charts for Dentacoin (DCN) from crypto currency market. As you can see from these charts, we might have a good chance with high probability for a major reversal to occur or it might be already started and we are just at starting/ignition point targeting the minimum of the fib levels at 0.002 - 0.003 price area. However, going back below 0.00003 level will kill the bull idea.
On the daily "invert" scale chart, the price just need to breakout the trend line to the downside to start the falling price (actually rise in price) rally which could occurs whenever 0.0000675 level is broken, and this level is decreasing day after day due to the nature of the up trend line movement.
On the other daily chart, note how the price action developed a falling wedge pattern, a reversal pattern, and it just need to breakout the trend line and then a price up rally could be started.
Also, we have the cup with handle pattern, a reversal bottom pattern, that could support the up move, even if we thing that this up move is in a form of a corrective wave abc, still the price at least might hit 0.00008 level or more which is almost x2 of current price.
Post is a TA view and not a recommendation to buy or sell.
Good luck
