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Dashbtc

Dash hitting 18 Month Low, ignoring the Mass Adoption.Since September 2018, Dash has reached mass adoption, accepting over 3,600 merchants worldwide. This is an astonishing achievement by the Dash team as the main criteria for cryptocurrency growth is the actual use case. With Dash, it is clear that over the long term price is more likely to increase, rather than continue trending downwards. Just consider the fact of the massive growing adoption potential if Dash will continue to add merchants at this rate. The paradox is that while Dash is getting massive exposure and increasing number of partners, price remains at low levels. It’s like all good news are being ignored by the market and seems like Bitcoin is still dictating the pace to all altcoins. Perhaps when BTC will start producing higher highs and higher lows, Dash will outperform Bitcoin and many other Alts, just based on the current usecase. On the 22nd of August Dash has reached 18 month low, hitting btc 0.02. This is a substantial decline from the all-time high, which has resulted in a 83% loss to Bitcoin. After hitting the low, Dash has moved up and broke above the descending channel, followed by the breakout of the btc 0.03 resistance. However at the btc 0.033 high, RSI oscillator registered a bearish divergence and DASH/BTC entered a consolidation phase. Currently Dash is trading between btc 0.025 support and 0.030 resistance and obviously lucking high trade volume that would enable price to move in any direction. Nevertheless, the btc 0.022-0.025 support area could be price range where trading activity will pick up, and bulls might start buying Dash. However, as the major trend is down, break below the support is possible, making Dash a risky purchase at this time. Watching the trade volume along with the resistance breakout should help investors to determine short and medium term trend. If price breaks below the btc 0.022 support, Dash could fall down to btc 0.01 support area. But, on the other hand, daily break and close above the btc 0.033 resistance could trigger buy limit orders, pushing price up to btc 0.044 or 0.060 resistance level. Support: 1. 0.025 2. 0.022 3. 0.012 Resistance: 1. 0.033 2. 0.044 3. 0.060
by CryptalDash
1
DASH (DASH/USD) Is Under The Major TrendlinesThe market has shown some up and down movements and so as DASH'. Last week, DASH was technically a pretty good but it didn't catch that big momentum and currently, it is in a bearish area. It is below both major trendline, below the short-term down-trendline which is bulled from 20.07.2018 and below the major counter trendline which will indicate that the upwards momentum is over and we could see a pullback if the market doesn't make any fast recoveries. Also, DASH' trades below the EMA's which also is not a good sign. However, alongside these bad signs, we also have a good sign. The current short-term bounce comes from the Fibonacci 62 percent retracement level which still printed a higher low (HL) into the chart. So, if we stay above this orange area then all is under control but if we can't hold the price above that mentioned level we might see a bigger correction downwards. To be bullish we have to break above again those trendlines or at least above that trendline which is pulled from 20.07. 'The road' upwards is pretty hard but if the market starts a bull run then all the altcoins start a bull run but if the market stays stable then DASH is on the trouble and definitely, it needs a big volume to break above those trendlines and EMA's Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis! If You want to get deeper analysis and crypto-news then please visit our site, the link is on the profile! Please, don't forget to hit the LIKE button to support us! Best regards!
BITTREX:DASHUSD
by UToday
Dash- Extremely strong coin with excellent breakoutHi Fellow Traders, Lets look at Dash, a coin which has had massive gains from 2016 to 2018. If i remember correctly this coin went from $4 to $1500 in that period, these values are estimate if i remember correctly but you could check and see for yourself. Now ever since Feb of this year all coins took massive hits including Dash, and what is exciting about this is we have a new opportunity to buy Dash at a cheaper price. So lets take a look at technical analysis of this coin: 1) Divergence on Rsi and MFI on daily chart which is a extremely strong indicator of a possible trend change 2) The directional movement indicator is showing the DI- falling from above the 40 mark, which also adds to the directional change of this coin and also the ADX line also falls from this 40 mark also adding more strength to the idea 3) The massive breakout from the downtrend with much higher volume is also extremely important 4) The retracement after this initial breakout has higher lows with lower volume with more green candle volume which shows how strong this run might be. 5) You can also the Dash/Usd pair and see for yourself that we have reached the start of the fifth wave of the last price run for dash, this is usually a strong point where downtrend might end, although not always the case just remember that. Put a stop loss 15% of entry point REMEMBER In Technical analysis we try to increase the probabilities of success, so be open to new information and being able to adapt to the constantly changing market. Successful Trading Crypt1c_one
Long
by Crypt1c_one
$DASH, Easy Love… Weekly Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum is in favor of bulls. Last week’s candle showing a little of exhaustion, will take a look at smaller timeframes for entry. Daily Shifting over to our pattern timeframe we see resistance has been found at 3071650 satoshis, stochastic rsi showing momentum in favor of bears. A daily close above 3071700 activates our trade, however if rejected at this level expect our sell off to continue towards the bottom of our trend at 2000000 satoshis. Until then we sit on our hands, and let price do it’s job = Easy
Long
by UnknownUnicorn2434649
DASHBTC - 4H - UpdateDASH reacted strongly to the 0.021 demand level with one of the highest volume days ever! Since then, it has continued to trend higher tapping the demand zone around 0.0255 before resuming its uptrend. It has run into resistance here and is having trouble closing above this supply zone. If the daily candle can close above here, we can expect a continuation of the trend higher. However, if BTC does continue to breakdown, we can enter a short position on a break of the triangle and target the 2 demand zones below as initial targets. Stops would be placed above the SFP high on that previous attempt to break above and if we do get a fakeout lower, we could chase the upside move with BTC momentum above 6600! Please hit the 'like' button and give us a follow! Let us know what you think below! Thanks
Short
by CM_Trades
DASH Shows Us Incredible Strength!!Overall, DASH' has shown us as a pretty strong coin. The drops aren't so deep and the recoveries are faster and higher! Currently, we have two triangles, one is bigger (blue trendlines ) and one is smaller (orange). Over the weekend, DASH' has made a breakout from the smaller triangle and it found a resistance from the round number at $200. At the moment it has started to make a throwback, the throwback is healthy if we find a support from the orange triangle upper trendline. The trendline is supported with several EMA's (50, 100, 200) which all starts to work as supports. Actually, at the moment, this is a pretty rear case that DASH' trades above the all important EMA's on the four-hour chart it is a very strong statement! If the whole market starts to show us some positive signs then this retest area would be a perfect spot to invest into the DASH' but You have to watch what BTC' does, currently it 'sitting' on the "Descending Triangle" and we are ready to make a breakout from either direction so, the current market situation is a bit risky because we have mixed signs! If the bounce happens then again we bounce upwards to the round number level and overall this is a pretty strong level to beat. Why? Because: 1. $200 round number works as a resistance 2. July low works as a resistance 3. The trendline since 20.07.2018 works as a resistance So, a pretty tough level but if we manage to break upwards then the triangle pattern shows us that the next nearest target would be the next 'round number' $250 and definitely we reach there because DASH' has shown almost incredible strength compared to other top altcoins! ...and to give You a bearish view/confirmation, it is simple - at least a four-hour candle close below both triangles will guide us to the lower levels, so watch out if the price reaches into this area (around $175-$180) Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
BITTREX:DASHUSD
by UToday
2
There is a probability of resuming the uptrend in DASHBTCTechnical analysis: . DASH/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.02900000 to 0.02554900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.02900000) Ending of entry zone (0.02554900) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.03231000 TP2= @ 0.03683900 TP3= @ 0.03998000 TP4= @ 0.04289000 TP5= @ 0.04590800 TP6= @ 0.05106000 TP7= @ 0.05947300 TP8= @ 0.06485800 TP9= @ 0.07678600 TP10= @ 0.09200000 TP11= Free
Long
by ForecastCity
There is a probability of resuming the uptrend in DASHBTCTechnical analysis: . DASH/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.02900000 to 0.02554900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.02900000) Ending of entry zone (0.02554900) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.03231000 TP2= @ 0.03683900 TP3= @ 0.03998000 TP4= @ 0.04289000 TP5= @ 0.04590800 TP6= @ 0.05106000 TP7= @ 0.05947300 TP8= @ 0.06485800 TP9= @ 0.07678600 TP10= @ 0.09200000 TP11= Free
Long
by ForecastCity
5