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Dashbtc

DASH/BTCKeep it simple! Looking at DASH on the monthly, we can see a strong down trend momentum. With this trade I will be very cautious, placing my buy entries in the blue box at the 6100 Sat's range. There is a good chance DASH finds support above this range at the orange boxes, but my retracement levels don't suggest this as a level to buy at. I have posted better trades with a greater risk to reward if you are eager to be in a trade! I appreciate my buy range may be too conservative, but in trading it is better to only enter trades with a good risk to reward, than to gamble at finding the "bottom". So for now i am bearish until I can see a level of support to be made, and higher low plays to be seen, followed by a test and break of a previous resistance. At this point I will have my entries on the blue box, until I see a change in momentum to the downside.
Short
by djhodnett
**Possible scenario for Dash**Hi, Traders ! Monfex is on the air ! After the failed attempt to shoot up above 21 Daily EMA, Dash has joined the market trend and lost 7.40% over the last 24 hours. * Dash has made a tremendous attempt to move beyond 21 EMA on the Daily chart, jumping from $68 to $93 with a blink of an eye. * Unfortunately, this attempt went down the drain and Dash has simply left the lengthy wick on a Daily candle, duplicating the similar candle of 26Sep'19 - of a month ago. * In its subsequent free-fall, Dash has touched 62 USD, while its market cap was bouncing around significantly during the single day. * From now on, we expect the price to prolong its down motion to the lower band of the descending trend channel. * The recovery might not be as fast as one would wish it to be, but the bullish divergence will eventually force the price up off the lower band: sooner or later. * For the time being, we are waiting for a further decline to $55 - $57 level, where we would consider buying again. Mid-term trade signal Buy @ $55 - $57. Target: $80. Stop-loss: $51. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
KRAKEN:DASHUSD
by Monfex_UK
Which scenario is true for DASHHello, Traders! Monfex is at your service and today we overview DASH/BTC . On the chart we see a large rising channel or a bear flag . The price now near the channel support and has two scenarios: 1 there will be a breakdown of the flag down and for greater certainty we will consider the level of the red line near 0.00808 . As goals, we take Fibonacci levels of 100% (previous low), 127.20% and 161.80%. 2 a rebound from the support line up by the channel and the first target is the middle line of this channel near 38.2% and 23.6% Fibonacci. The green horizontal line as the flagship of the start of a bullish trend . Perhaps this is the second(2) Elliott Wave (12345). In conclusion, at the moment we are closer to the bearish trend option, but you need to see at chart below, by DASH/USD there is a significant pre-reference to the begin of the bull trend. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex_UK
DASH turning green after steady increase in mainstream adoption.DASH BTC has been on a downtrend for a while and went further down after being delisted on several major exchanges due to being a privacy coin. However, DASH has found large mainstream adoption in several countries such as Venezuela with a large number of merchants and even ATMs. The hash rate of DASH has been climbing at an accelerated rate and is at all-time highs. The hash rate is a good indicator of mainstream interest bitinfocharts.com The average transaction value is also going down steadily which shows that more of the general public is using this platform compared to before. bitinfocharts.com From the price action point of view, the weekly MACD has just turned bullish and RSI has entered oversold territory. The price has found support on a historical resistance. It could go a bit further down by around 20% to the next support but is poised to go much higher in the coming weeks. *Not financial advice. Probabilities not certainties. Please do your own research.
Long
by CryptoPaily
Dash: Too good to be true ?Hi, Traders ! Monfex is at your service ! This time we present you our idea of Dash - the brilliant hidden in a haystack. Let's look through the facts: * Dash got listed on Coinbase & the Brazilian crypto exchange Cointrade that is definitely positive aspect. * We think that Dash will further strengthen presence on the global scale since it increasingly gaining popularity of global investors. * The current market landscape of Dash indicates that this coin is Undervalued and simply rests on the bottom. * This might be a perfect time to pick up Dash from the bottom, which is also strongly confirmed by MACD bullish divergence. Active trade signal Buy @$69-71 Nearest Target: $100 Stop-loss: $65 Risk/Reward: 6:1 Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
KRAKEN:DASHUSDLong
by Monfex_UK
**Dash - a DIAMOND in the rough**Hi, Traders ! Monfex is on the air ! We are going to reveal a hidden opportunity in Dash - the real crypto armchair wizard. Earlier in September, Coinbase announced its listing of cryptocurrency Dash following an exploration period. Take a look at 1W Chart of Dash: * Dash continues within the descending motion, though it has noticeably sped down . * The general direction to the South was not as much affected by a sharp drop in Bitcoin since Dash has been bearish for a long stretch of time, while it has low correlation with Bitcoin. * The key idea here is that Dash is currently trading very close to its historical minimum. * Its current price of around $70 is just $15 far from the historical minimum of $55. * Dash remains one of the cheapest cryptos, in terms of Valuation, on the entire crypto market. Our active investment strategy is to Buy Dash within the range of $60-70 and hold it until it reasonably multiplies in value in the long run. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BINANCE:DASHUSDLong
by Monfex
Horizen ZEN is DASH-ified ZCash ZECHorizen ZenCash was launched in May 2017 as a privacy-oriented digital currency ecosystem built on zk-SNARKs (“Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”), an innovative cryptographic technique first introduced by the ZCash ZEC team. Building upon the ZCash team’s core focus Horizen aims to create a high-performing platform for money, messages and media by directly integrating ZEN (the native currency of the Horzen ecosystem) into a suite of privacy-focused applications. In an effort to “Dashify Zcash” by adding governance and self-funding elements to zero-knowledge proof-based cryptographic transactions, replacing Zcash’s “founder’s reward” system of paying a single company from a percentage of the block reward to introducing voting for a treasury, and therefore a greater degree of decentralization and budget flexibility by becoming a DAO, or decentralized autonomous organization. This also introduces an incentivized infrastructure of paid nodes, like Dash’s masternodes, improving the robustness of the network by ensuring proper hardware and bandwidth for nodes. This follows the DAO infrastructure pioneered by Dash, which has become more common in newer cryptocurrencies. Bitcoin metamorphosised Bitcoin introduced the concept of scarcity and solved the “double-spend” problem by incentivizing miners to participate honestly in block creation. However, the system was not programmed with explicit incentives for other key stakeholders, such as investors, network users, or node operators. The Horizen team embedded modified incentives targetted to these groups. The new policy allows holders of ZEN to operate secure and supernodes in which they can “stake” (i.e., lock-up) ZEN to earn a portion of the block reward. You can think of staking like earning cash interest payments on bonds or other credit instruments, except in this case, the interest is earned directly in the form of ZEN. medium.com
BITTREX:ZENUSDLong
by warrenhochfeld
1