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Dentcoin

DENT - Project Analysis - End of 2019Hi there Crypto Maniacs and welcome to the brand new KBYO Engineering review space. In here we will be talking about some interesting projects within the crypto community that might be of your interest. We will be looking at everything, roadmap, performance, rumors and chart information and applying some basic economic and engineering concepts we will try to explain what are we looking into and make informed decisions on where to put our money on. We will only be focusing on altcoins since in our personal belief there is just way better and experienced people making those and we will like to focus on the small projects that might revolutionize or die trying our world.I hope this concept and idea suits your needs and any comments on how to improve this space will be very much appreciated. So... Now to the business! DENTCOIN This project stands for it´s motto of "Disrupting the Telco Industry". For those of you that might not understand what Telco means is Telecomunications Industry. Well, Dent Wireless has as their preposition to provide r access to communication all around the world meaning Calls, Messages, Internet access and Data packages. HOW? Well they have developed a couple of products within the their 2 years of existance that allows them to do it. First one the DENT app, which can be found in all of the different App Stores Apple , Android, Google Play and recently embeded into the Samsung S10 phone and Samsung online app store. So the interface is very simple, you buy DENTCOINs in order to have access to this services. You either buy them within the app or in crypto markets since it is an ERC20 Token and the app works as a wallet. Earlier this year they launched an exchange where you can trade your DENTCOINS for mobile data packages and complete new way to democratize the access into the internet and opening a new door pairing a Crypto asset with a Mobile Operator. Never seen that before! It looks that in the future you will be able to sell your unused MB of your plan for DENTCOINs so you can have an extra out of there if you are a responsible user or buy them at a competitive price from someone else to keep on watching Netflix or Twitch from your mobile device if needed. Looks pretty awesome right!? Well the only problem at this point is the performance this token has shown within the last year, as many altcoins, it is a steep way down to the earth's core. However this brings us down some trading opportunities based out of the application, current price and analysis of the current trend and potential. Let's take a look on the big picture. What we see is a well know pattern down in crypto which represents 90% of the altcoins during the bear market of last year. It is hard to find some altcoins that performed well during this period but I will try to make a review on some of those and why they outpaced their fellow alts. We can see a clear channel going to the downside indicating the limits top and bottom limits. As the picture stands look like a falling wedge is in the make and might be close to completion. Now taking a closer look into the last year we will find some important information. We can see that the channel trendlines noted in black out of September's top and October's bottom define the barriers of it and I have added 2 additional ones that gives us additional information about the trend. The purple dotted line illustrates the tops excluding the big wicks so we will have only closing tops. Also you'll notice there is a clustered area in purple too that are the exceeding trades above the trend line . Then we have the red dotted line which will represent a complete channel taking into account the that this will cover all the trades within the channel, Nothing more, nothing less.both this lines will represent natural resistance action when heading into them so expect some pullbacks on the way up with this ones. Now you can identify the expected pattern I have traced based on the recent historic information an we will see that in the MACD we are approaching into a Bullish crossover. Please take a look at the amplitude of the MACD and we will find out there's historic precedent that we might be in the beginning of testing the top main trendline . RSI supports this theory too currently sitting at an oversold region and waiting for some catalyst to start the bullish action also volume seems to be picking up. We have identified Cofluent zones or areas where the reaction on them will determine the direction of the trend. I wouldn't label them as resistances but the price action on them will very much determine the speed on where are we going. In the first one from 10 - 14 sats I stated a 70/30 to accelerate the trend and in the 20 - 23 sats it is a 50/50. If surpassed this will represent a solid support and might consolidate the price for some days as showed on recent history. Please bear in mind that the overall structure is still bearish since we are inside a downside channel. So the expected trajectory till the end of 2019 will give DENT an opportunity to test the bearish limit and probably declare altseason for them. YEEEEEIIII! But for the short and midterm this looks like a decent stake to take and make some good profits on the way. So this is it my cryptofriends. Again, let me know what you guys think about this and which coins would you like for me to investigate and dig in so we can find some cool trading opportunities for the near future. Take car and have a good one!!
DLong
by KBYOEngineering
DENT-ETH forming Cup and Handle as chart looks Bullish from hereBullish Reasons Cup and Handle forming on 4hr chart that can be seen on 1hr with potential 25% gains from here Buying pressure building here with momentum gain as price at 12 months Low and has a huge upside. My High probability AI Lite indicator has posted a BUY trigger with levels having a wide range between each other. 4hr chart with BUY trigger from my scripts AI Lite and Levels using "Levels Generator with Fibs". Have a look under my profile and if you are interested to try them, PM me. Entry - Below 490 (get a good entry using Boll bands/RSI/MACD) Targets - As shown on the chart SL - 440 recommended ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you like this idea, give me a thumbs up. Also have a look at my scripts AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system Levels Generator with Fibs script that plots automatic support resistance levels for any timeframe with option to plot manual Fibonacci levels If you would like to try the scripts, PM me. If you are a new trader/beginner and would like a TA coaching session, PM me for a free 30m session on Team Viewer. Happy trading. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by TradeChartist
Put a DENT in those losses with a 24-100% Swing Trade PotentialTECHNICALS: DENT is in a massive accumulation triangle that has been going on since August of last year. We've seen massive buy side volume spikes with strong support around the 22-23 Satoshi level. Moving Averages are flattening out with 50/100 forming a majority of our topside resistance. The RSI is starting to see some upside momentum. The 3 day TD Sequential is showing a green 9 set-up, which historically has been very strong for altcoin set-ups. FUNDAMENTALS: There are two DENT events coming up in Q1 and Q12 which involve adding the SMS and voice calls to become a blockchain based world-telco as well as video calls to the DENT apps being built. Trade will be invalidated if we break the lower support at 22 satoshi's. For a risk/reward, I would look at a stop loss at 21 satoshi's and take profits at 30, 42 and 47. With these kinds of trades, as they're not 'trending' and they're more of an early entry on support, it's important to be patient. They can sometimes take a week or two to pay off. As the trade moves, trail your stop loss. VIEW THE LAST TRADE: $RVN - 100% profit.
DLong
by jacobcanfield
4