DENT/USDT: Last drop expected before recovery---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
DENT/USDT: Last drop expected before recovery
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset DENT is suffering about negative global market situation which should be ended once the crypto market gonna start the bullish reversal
Market configuration
- Graphical Elements :
Graphical Resistance = 0,001990 & 0,009730 & 0,022750
Graphical Support = 0,0000260 (Canal)
- Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 0,001990 = Bearish
RSI indicator (below) is below 50% and bearish trend line - no divergence = Bearish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B hasn't been already reached = 0,000615
Fibonacci resistance of the wave in progress = 0,001990
Fibonacci support of the wave c B (max extension) = 0,000260
Fibonacci Bullish Target = 0,009730 & 0,022750
Conclusion
Prefered case => As long as 0,001990 remains a Tactical key resistance DENT is expected to draw a lat down leg towards 0,000615 before engaging a bullish reversal above the strategic support at 0,000260
Alternative case => In case of 0,001990 resistance breakout, the bearish trend will be invalidated opening the door to 0,009730 & 0,022750
