Super Simple Smart way to play IPOsMy last video got a lot of traction where I was critical of people that buy IPOs on the day of offering. There is a better way! When you see it and how simple it is... you will laugh!
Even if you believe in the company, have done your DD, and are ready to make your investment based on fundamentals this method will help you avoid drawdowns and increase your probability of success! One warning though: it requires PATIENCE which many may lack! :P
Dash
DoorDash (DASH): Everything You Need to Know After the IPOThis is my analysis on DoorDash (DASH), written prior to the IPO. Most of the information below is available from the S1 that the company filed to the SEC.
This is not investment advice. This was written for educational purposes only. You are responsible for your investments and trades. Invest at your own risk.
About DoorDash
- DoorDash (DASH) is America’s #1 delivery & takeout platform, covering over 51% of the market share.
- They currently have over 390,000 merchants, 1.8 million users, 1 million delivery workers (dashers), with an average delivery time of 35 minutes.
- During the latest series H, which took place in June 2020, the company raised $400 million, and was valued at $16 billion.
- Main competitors of this firm include Uber Eats (which acquired Postmates for $2.65b), covering 30% of the market share, and Grubhub, which covers 18% of the market share.
IPO (Initial Public Offering)
- DoorDash priced its IPO price at $102 a share
- There was tremendous buy volume as soon as the market opened, with the stock reaching $195 at one point
- The stock closed at $189 yesterday, after a successful IPO
Business Model
- DoorDash charges restaurants a 20% fee on average, for every order made on its platform.
- On top of that, they earn money by charging customers fees for delivery, which normally ranges between $6-8 depending on the distance and current demand.
- They also offer a subscription service – Dashpass – which exempts its users from paying service fees.
- They have an extremely systematic virtuous cycle involving consumers, merchants, and dashers, in which the cycle creates local network effects, economics of scale, and increasing brand affinity.
Financials
- The company has shown tremendous and consistent growth in revenue over the years.
- Nonetheless, they also continue to spend more and more and sales and marketing costs, as well as general administrative costs.
- DoorDash is also one of the many companies that benefited from the Covid-19 Pandemic.
- In 2019, the company generated $885 m in revenue, and in the first nine months of 2020, they generated over $1.9 b.
- While these are extremely impressive numbers, it’s still important to take into account the fact that the company is still not profitable.
- In 2019, they had a net loss of $667 million, and in the first nine months of 2020, they lost $149 million.
- Nonetheless, a company not being profitable is common with unicorns and startups, as they seek growth as their number one target, keeping in mind that profitability follows easily once they dominate the market.
- Another good news is that they currently have more cash and cash equivalents to cover their total liabilities, and thus won’t suffer from issues regarding lack of cash.
- Given the current momentum in the delivery market caused by Covid-19, experts anticipate 2021’s revenue at $5.2 billion, which is a 93% yoy growth rate, with operating profits of $280 million, which is a 23% yoy growth rate.
Risks
- The company might not continue to grow on pace with historical rates
- There is intense competition within the delivery industry
- Reliance on merchants for the success of the platform
- Their focus on expansion might not maximize financial results, and could result in lagging stock prices.
Precedent
- There are precedents of success regarding delivery & takeout platforms in other countries as well.
- Baedal Minjok, South Korea’s largest food delivery app, is in talks of being acquired by Delivery Hero.
- Baedal Minjok is a unicorn, which recorded a revenue of close to $8 billion in 2019.
- Considering that their 2020 records will be even higher, due to the Covid-19 pandemic, we could expect DoorDash to do even better, since it’s the most dominant company of a bigger delivery market.
- Precedent cases demonstrate that the food delivery industry has significant room for growth.
- Nonetheless, considering that Baedal Minjok’s revenue is 8 times higher than that of DoorDash, and yet is valued at $4 billion is quite concerning for DoorDash, as it indicates that the hype and growth potential is factored into its valuation.
Mike’s Insight
In my opinion, I think DoorDash is a company worth looking into. It operates in a solid industry that benefits from the Covid-19 pandemic, and while the growth rate will slow down once the pandemic is over, precedent cases from other countries demonstrate significant room for growth. Nonetheless, since expectations for future growth seem to be factored into the company’s valuation, I’d be cautiously bullish on this company.
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DASHBTCThere is a probability that the market go higher after breaking the line of resistance .
with a high volume after a bearish trend .
For the first step if ever the market react there is a probablity that we go to 0.0135 where there is an other resistance .
lets waite and see ...
"Shopping time" Bitcoin TimeCycle Next Price Spike is on 15 JanSo after our last rally on BITSTAMP:BTCUSD and if bitcoin continuous the bullish movement, I think we will go flat and on sideways for the next 40 Days , and BTC will try to calm down since RSI is showing a clear overbuy signals,
and there will be a price spike on Mid of Jan 2021.
In the next 40 Days the market will be boring especially for the future traders.
the same pattern has been followed by BTC which is 45 Bullish Days & 45 Flat Days since Mid April.
Of course these are the time where we advise to go shopping and fill your wallet with the most reliable alt coins such as ETH, XLM, ADA, XRP, DASH, ICX, NEO, YFII and LTC since BTC dominance is affecting the prices of these alts and once we start the next rally: you will never be able to buy at the current Prices again.
Current Prices
BTC : 19150
ETH : 595
XLM : 0.17
XRP : 0.60
DASH : 100
ADA : 0.16
ICX : 0.40
LTC : 82
YFII : 1940
NEO: 17.8
Hope the best for Y 'all.
DASH/USDT (Wait for the Descending Channel breakout))#DASHUSDT Technical Analysis Update
Wait for the Descending Channel breakout
DASH/USDT currently trading at $101
LONG ENTRY: Only enter long after Descending Channel Breakout in 4h chart
STOP LOSS: I will update once I see a breakout in 4-hour chart
Resistance level 1( Target): $111
Resistance level 2 (Target ): $120
Resistance level 3(Target): $137
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
DASHUSDT - Descending triangle DASHUSDT is printing a descending triangle pattern.
Breakout is imminent.
DASH/USDT Wedge Formation: Bullish ScenarioSince early November, DASH/USDT is following an upward sloping trend line. Since two weeks, the pair is starting to form a wedge.
Today, the price has bounced off the trend line yet again, signaling a new upward movement in the short term.
My take is that the price will continue to rise until the $114 area. If you're feeling confident, a $120 target might better for you, albeit risky!
Long DASH/USDIn my opinion DASH is bullish and its graph is very nice :
- Breakout of triangle
- Breakout of RSI
Objective around 180$.
Cup and Handle DASH to $140The TA makes sense together with their fundamental roadmap. Many releases before 1st of January like Dash Cloud platform.
DashBTC chart shows huge potential as well.
DASH looks strong to me (Bullish/long)Hello everyone,
This is just quick chart for DASH as DASH looks very strong to me and it might perfor similar to XLM in upcoming days/weeks
From a technical perspective DASH also looks healthy on the Weekly chart. Indicators are very bullish and bullish cross might happend soon.
So Dash have a very good mid-long term potencial.
On the Daily chart it also broke the downtrend line and looks like it retested it succesfully once it cleans the resistance zone it can spike up really fast
If you dont know how XLM played out then see the chart below.
It created new lows ( bear trap ) then broke the MA, retested it and pumped hard right after
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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Dash forming a potencial Cup & handle patternHello everyone,
this is just quick update for DASH as it looks like it is forming a potencial Cup & handle pattern.
For further DASH technical analysis check the chart below and updates in it
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
dash , dashbtc, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Dash breaks long term trend line and tests Ichimoku CloudOn this weekly log chart we can see Dash has just broken above the long term trendline shown by the long lime green line. Dash is also testing the top of the Ichimoku Cloud on this weekly log chart shown where the red down arrow is. The EMA 8 is now above the MA 21 and EMA 34 and is about to cross the EMA 55 on the weekly chart. Dash itself is trading above all the EMA and MA indicators shown.
The red horizontal lines show major support and resistance.
The Fibonacci retracement indicator shows that Dash has broken above the 0.618 level and tested the 0.786 level. Dash could get to the 1.272 or the 1.618 level.
The LMACD is now above 0.
On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.
On the daily chart below Dash broke the long lime green trendline and then retested it with a strong bounce.
What I am looking for is Dash to break and confirm above the Ichimoku Cloud on the weekly chart and also to break above the red line on the LMACD on the daily chart. Also Dash to break the 0.786 fib level at around $115.28
If Dash can break these barriers it should at least get to the $166 to $175 region, depending on what BTC does the next few weeks obviously....
If Dash rejects these levels it should retest the lime green trendline again on the weekly chart.
Overall the charts look highly bullish.
Happy trading legends!
HTBB
Donations via TradingView coins will enable me to post more of my analysis with more information. Thanks in advance if you are a legend who donates.
Will DASH leave its 700-days-lasting sideways-range?3 reasons why I’m long term bullish on DASH’s chart 📈
✅ first higher high was printed since the drop
✅ first higher low was printed since 2018
✅ volume at Binance & other important exchanges and RSI is rising
A weekly or monthly close above the 3 monthly resistances (which are placed between 108-116 USD) would mean a final confirmation to me.
Fun fact:
- The bear market was lasting exactly 350 days.
- The sideways-range took twice as long as the bear market, so 700 days !
- IF the next bull-cycle will last as long as the bear market, we probably could reach about the 1000-USD-level, which would be a plus of 888 % from now on! Here DASH will hit on its 61.8% Fibonacci-retracement (of 2018’s downtrend) and a weekly open/close resistance.
Hope you enjoyed this analysis and are also a fan of DASH and its fundamental potential as “digital cash” / paycoin.
Have fun and stay safe! 🙏
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Disclaimer: This is no financial advise! Every trader takes its own risk.
$DASH, Retested ~530k sats (descending trendline)...$DASH
Retested ~530k sats (descending trendline) & starting to push again up
UCTS showing a 1D buy signals & lower timeframes as crossing EMA50 for the 1st time since May
~690k sats as 1st target (25% since entry) but aiming for continuation for higher targets
#DASH
Dash- Overlooked 10x play, but not forgotten. Dash is a semi privacy-focused coin. Anon coins overall have the most user cases, but haven't caught much of investor attention lately due to the rise of BTC and DeFi governance tokens.
Dash has the potential to go 10x and it is lagging behind other top coins/tokens in terms of how far its price is from ATH.
Get in now because of the pullback of entire crypto market or scale in slowly unless the price falls below 60-65 range.
All other technical factors look fine and all it needs is some fundamental catalysts.
Swing to intermediate setup. Wait patiently and you will be rewarded.
Just my opinion. Not the investment advice.
DASHBTC Weekly - Breakout from downtrendIdea for Dash to breakout from downtrend. Three targets to hit.
$DASH, Waking up after a entire year falling ~70% from January $DASH
Waking up after a entire year falling ~70% from January highs
Breaking from descending trendline as UCTS is showing a 1D Buy signal (needs to close)
Aiming for an entry at ~530k potential retest seems safer for now
Room to grow back to 2020 ATH is massive (250%+)
#DASH
DASH dashing up. DASHUSDComing up to the end of the Crypto week, I am electing to look at a fair few impulses. We have DASH here. And it's going up like many cryptos are right now. Goals at a close 90.4, 90.9, 92.66. Invalidation is ofcourse in red, as usual. Don't forget, none of this, and any of my posts, is ever financial advice. I might be a trader, but I will never trade for you for a whole list of reasons.
