Crypto Contest October 4: Dent
Dent (DENTBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dent began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 26, and the red wave two (blue sub-waves a-b-c) correction ended on September 19. If this wave count is correct, Dent should be heading next towards the August 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
For longer term charts, we have to take a look at CoinMarketCap. I believe Dent is currently in the red wave three. The red wave one began in August 2017.
(Chart courtesy of Coinmarketcap.com)
Funnymentals
Dent is a mobile data trading exchange for personal unused data, whose token serves as a settlement tool. Youth incredible published an introduction video of Dent last month.
(Sources: https://www.dentwireless.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dent will takeout the August 26 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dent will drop below the August 14 low".
If you think Dent is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dent will stay in a trading range between the August 14 low and the August 26 peak until November 8".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST October 6 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus 1
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Dent will stay in a trading range between the August 14 low and the August 26 peak until November 8 (36 voters as of 3 PM EST October 6: bleujay, bentleycapital, gregory-f, novus-locus, mellofello, soundmoney, abh12345, simonjay, kunschj, positivebalances, michaelluchies, toofasteddie, koskl, cryptotem, revelationquotes, barbadosso, starline, mgood, jlordc, steem-d-anlovnit, amity123, reconnectnature, pario, mike11, biomanu, diogosantos, dine77, costanza, mirda, mitrado, rothberg, richard78624, coolthings, nzl19500, gretna, ragnaros).
You won. Paid out from @maarnio1
Dent will drop below the August 14 low (11 voters as of 3 PM EST October 6: sqlinsix, skepticology, milano1113, jznsamuel, vicspics, steemit.nemesis, chotho, techlife, galasek, tzap90, colon2018).
Dent will takeout the August 26 peak (10 voters as of 3 PM EST October 6: steemquestions, freiheit50, allyouneedtoknow, ace108, punjolife, marverick984, fullcoverbetting, lydon.sipe, sporttr, fastold).
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