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DENT / TetherUS

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DENTUSDT trade ideas

DENTUSDT is creating a channel below the daily resistanceThe price lost the support on 0.003$ and retested as new resistance. It's a stronger area, if you look on the left on the daily timeframe (the upper chart) you can see how the price respected that area, and after the breakout retest, the previous resistance as new support got liquidity and did a bullish impulse until 0.008$ How to approach? The price is creating a channel below the daily resistance, and after rejection, the price is going to retest again the 4h support. IF the price is going to have a breakdown from the 4h support, we could see a bearish impulse until the 0.0015. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
8
Watchout for whatever the Fed rate meeting will say tomorrowHi, Not going to discuss much TA as I generally think that DENT during this downtrend really tried to push upward, however BTC humongous downtrend didn't quite allow it. Tomorrow at 2pm the feds will release their statement, product of a 2 days meeting to discuss whether they will or they will not fight inflation back, quantitative easing, bonds, interest rates, etc. Seems irrelevant as crypto assets, one would think, would be an edge against traditional and centralized finance, but sadly it doesn't quite seem so. One hypothesis is that there are now 2 types of investors in the crypto space: long term hodlers that have high regards for crypto assets and wall-street type investors who have more interest in regular markets and are more sensitive to these type of events. But I digress. I have no faith in any positive outcome from this Fed Talk , so BTC is likely capitulating once more, and alt-coins with it. T1 is very optimistic, T3 is a possibility. (note: T1 and T3 are in line with 2 different Gann fans, as they both have some historical relevance. T2 is, on the other hand, the July 2021 bottom, therefore an interesting target between those 2. If this dump comes, a quick recovery might not be unrealistic, as, once again, indicators are already quite "off", but we'll see. One last note, if you're thinking that this is the bottom and are pondering a leveraged long, wait to see how the market will react with tomorrow news. Don't get liquidated!
Short
by Iphi112
DENT (Dent) Token Analysis 27/05/2021Fundamentals: Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization. Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra. Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data. Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location. DENT is an Ethereum based ERC-20 token. This means that the Dent platform operates thanks to the proof-of-stake (PoS) consensus method. Unlike Bitcoin, which utilizes the proof-of-work (PoW) consensus mechanism, Dent relies on large stakeholders to become nodes and transaction validators. The benefits of PoS consensus mechanisms are many, but the most prominent include increased scalability and reduced electrical and computing power consumption. Considering this, many platforms are looking to utilize the Ethereum blockchain to launch their products. Dent is one of the pioneer projects to launch an ERC-20 token back in 2017. Tero Katajainen is the founder and CEO of DENT Wireless. He acquired a master’s degree diploma in sciences from Tampere University of Technology in 1999. After graduating, he became a system administrator and java programmer at the university. In 2001, Katajainen became the CTO of Genetics AG, and in 2003 he founded Pocket Indian Software Solutions. Katajainen served as a senior Java/Android consultant for the United Nations in 2015. He has multiple awards and honorary achievements in the field of technology. Mikko Linnamäki is a co-founder of DENT Wireless. Since 2000 he has been an active entrepreneur and businessman. With five successful businesses before founding Dent, Linnamäki introduces himself as a “serial web-entrepreneur and Internet software pioneer.” His most long-standing business venture is Smartseed GmbH, which has been successfully operating since late 2000. Since then, Linnamäki participated in the founding of DEVCOT, one of the largest open-source IMAP servers globally. According to the company whitepaper, there is a maximum supply of 100 billion DENT tokens. The total circulating supply at the time of writing is 93,690,412,211 DENT tokens. Of the total supply, 8.6 billion DENT tokens were sold at a fixed price of $0.0005 per token during the company’s initial coin offering (ICO). 30% of all DENT tokens remain at the company for strategic acquisitions and market seeding, user incentives, salaries and bonuses. The remaining 70% of the token supply was released during pre-sale and sale events, and any outstanding tokens were locked up and released quarterly after that. The live Dent price today is $0.004486 USD with a 24-hour trading volume of $70,555,679 USD. Dent is up 13.71% in the last 24 hours. The current CoinMarketCap ranking is #119, with a live market cap of $439,586,432 USD. It has a circulating supply of 97,998,841,249 DENT coins and the max. supply is not available. Technical Analysis: As you can see this Token has done its retracement to the below 78.6% level of Fibonacci Retracement which is a very Important Fibot Point and can Pivot the Price Back to the bullish Trend. we have defined 3 targets based on the Fibonacci Projection of the initial impulsive cycle. the 3 Target gets confirmed as the Price Triggers the 2 TP which is the extension level 161.8% of the Fibonacci Projection and it makes the 3 Target Secured.
Long
by BitonGroup
20