DENT - Project Analysis - End of 2019
מעודכן
Hi 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!!
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!!
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