Crypto Contest January 28: Dent
Dent (Binance: DENTETH) 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 6, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 30, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 2 this year. If this wave count is correct, Dent should be heading next towards the October 30, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dent is tokenizing the mobile data industry and creating a world-wide marketplace to sell and buy mobile data. You can find a quick introduction to Dent exchange below.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dent will takeout the October 30, 2018 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 6, 2018 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 6, 2018 low and the October 30, 2018 peak until March 4".
(Chart courtesy of Tradingview.com (log scale))
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Published by Maarnio
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Dent will stay in a trading range between the August 6, 2018 low and the October 30, 2018 peak until March 4 (18 voters as of 3 PM EST January 31: bleujay, bentleycapital, mellofello, allyouneedtoknow, diana.feuerberg, novus-locus, reconnectnature, vicspics, jznsamuel, kunschj, toofasteddie, mitrado, steem-d-anlovnit, mgood, harryp3, utkarshvarma, fullcoverbetting, richard78624).
You won. Paid out from @maarnio1
Dent will drop below the August 6, 2018 low (5 voters as of 3 PM EST January 31: sqlinsix, freiheit50, barbadosso, anetchen, galasek).
Dent will takeout the October 30, 2018 peak (3 voters as of 3 PM EST January 31: steemit.nemesis, skepticology, ace108).
Probably already going through a correction by the time you are reading this.
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