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Dashcoin

DASH is heading for $72A logical target price, if your Elliott wave and Fibonacci projections play out, would be in the vicinity of the key Fibonacci retracement levels—particularly around the 61.8% ($65 area) or as high as the 78.6% ($72 area) retracement of the prior decline. If the bullish Elliott wave structure is confirmed and momentum is strong, an eventual retest of the swing high near $80 could be possible. However, these should be treated as potential targets, not guarantees. More Detailed Reasoning: Identifying Wave Targets with Fibonacci: Elliott wave practitioners often use Fibonacci extensions and retracements to project potential price targets for each wave. Assuming your scenario of a new 5-wave impulse forming off the recent low is correct, the two key levels to watch would be: 61.8% Retracement (~$65): This is a common target for a robust Wave (3) or as an initial resistance level if price is reclaiming ground lost in the correction. 78.6% Retracement (~$72): This level often comes into play if the trend is especially strong. If Wave (3) surpasses the 61.8% level decisively and doesn’t encounter heavy selling, the 78.6% is the next logical checkpoint. Wave-by-Wave Considerations: Wave (3) Target: Typically, Wave (3) is the most dynamic and might push price to or beyond the 61.8% retracement. If momentum and volume confirm the bullish move, $65 could be an initial target. Surpassing that, $72 becomes the next serious test. Wave (5) Potential: If the structure unfolds in textbook fashion and there’s enough bullish sentiment, Wave (5) could aim to retest the previous swing high near $80, or even exceed it. This final push often comes with weaker RSI momentum and possible divergence, signaling caution. Market Confirmation: It’s important to note that these are projected targets based on an Elliott wave scenario and assume the market follows a recognizable pattern. Before making trading decisions, look for confirming evidence: Momentum (RSI): RSI should trend upwards as the price moves into Wave (3). Weak RSI as price approaches $65 or $72 would be a warning sign. Volume Patterns: Increasing volume on moves higher supports the bullish scenario. If volume declines as price approaches key fib levels, you might encounter resistance or a failing rally. Risk Management: Always remember that no Elliott wave or Fibonacci level guarantees a certain price outcome. Unexpected market developments, news events, or changes in sentiment can derail even the clearest pattern. Plan your trades with stop-loss orders, monitor market conditions closely, and be ready to adjust your targets as real-time data evolves. Conclusion: Based on the given Elliott wave and Fibonacci framework, a reasonable bullish target would first be the 61.8% retracement ($65), followed by the 78.6% ($72) if momentum remains strong. A more optimistic scenario might see price retest the previous highs near $80. Use these levels as guides rather than absolutes, and monitor volume and RSI for confirmation as the trend unfolds.
Long
by abbypaliwal
1
Bought from the Green BoxThe green box on the chart represents a significant buyer zone, and I executed a long position after observing price action within this area. This analysis will break down why the green box was identified as a demand zone and my expectations for DASHUSDT's movement. 1. The Significance of the Green Box The green box marks a strong demand area where buyers have previously stepped in, making it a high-probability zone for a bounce. Key Support Zone: This area aligns with historical support levels and technical confluences, reinforcing its strength. Market Structure: Price has maintained higher lows above this zone, signaling a bullish continuation pattern. Volume Confirmation: Increased buying volume near the green box suggests active demand. 2. Why I Bought Here The decision to buy was based on the following confirmations: Price Action Signals: A bullish reversal pattern formed within the green box, confirming buyer interest. Fibonacci Retracement: This zone aligns with the 0.618–0.786 retracement of the previous upward swing, a classic area for reversals. Oversold Conditions: Momentum indicators like RSI showed oversold conditions, adding confidence to the buy decision. 3. Current Expectations Based on the price action and market structure, I anticipate the following scenarios: Primary Target: The first target is set at the nearest resistance level, which aligns with previous highs around $XX.XX. Secondary Target: If momentum continues, the second target is the $XX.XX level, corresponding to a Fibonacci extension level. Stop-Loss Placement: My stop-loss is set just below the green box to minimize risk in case of invalidation. 4. Strategy and Risk Management Risk management is a crucial part of any trade, and here’s how I’m handling it: Risk-to-Reward Ratio: The trade offers a 1:3 risk-to-reward ratio, balancing potential gains against downside risk. Monitoring Key Levels: I’ll be closely watching for volume spikes and resistance breakouts to validate the bullish momentum. Adjusting Stops: As the price moves toward the target, I plan to trail the stop-loss to secure profits. 5. Final Notes The green box represents a well-defined buyer zone backed by multiple technical factors. I’ll remain patient and let the trade develop while managing risk effectively. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas
Long
by XU99
2
#DASH/USDT#DASH The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it We have a green support area at 26.00 that is expected to be bounced from due to its strength We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold resistance on the RSI indicator to support the rise with a strong uptrend Entry price is 29.00 The first goal is 31.83 Second goal 34.24 The third goal is 37.00
Long
by CryptoAnalystSignal
#DASH/USDT#DASH One of the currencies that witnessed a significant decline over the course of two years The price has been moving in a descending triangle since the beginning of 2022 But recently the price reached a downward trend and is currently being broken At a price of 33.00 First goal 59.00 Second goal 79.00 This represents 250% of the current price With significant oversold and upward momentum We also find that the MACD indicator is highly oversold All of this supports the descending triangle pattern that has now been broken We have a big support area on the chart at 25.00
Long
by CryptoAnalystSignal
4
DASH Hello Traders, As posted last week regarding Dash I was expecting a sharp drop as the leveraged longs were really very high. Obviously, the whole market in general fell not only Dash, including Bitcoin,Stocks and indices resulting in a strengthening of the dollar and gold driven by the news of the Iran-Israel war but you have to see the whole thing also as a catalyst moment for this kind of technical movements. At the moment we can accumulate spot to sell at higher levels above 100 usd. Have a good weekend.
Long
by IllyrianTrader
1
DASHUSDT - Leveraged liquidationsHello traders, I offer you the chart of daily DASH/USDT with the chart on 3-day basis heatmap of liquidations of leveraged positions. We will use this chart to structure an unleveraged long trade and go to buy in the green zone using 4/10 of the available equity accumulating to the red zone. The short-term target is above US$60. Stop loss under US$22. In the coming days I will update you on the clusters of long/short positions to update the long targets.
Long
by IllyrianTrader
Dash - Prepare for a massive breakoutHello Traders, at this time I am focusing on dash . This is a project that has been around since 2014 with continuous updates and to date is completely undervalued. From the chart we see a return of interest and technically it can get to 300 USD on a short cycle. Dash has private transactions and instant transactions. Charaterized by : ○ Strong community ○ Low marketcap 374,96 K ○ 11.69 M current circulation supply ○ All time high 1,600k USD
KRAKEN:DASHUSDLong
by IllyrianTrader
4
Dashcoin DASH price "rose from the dead"Today is a global review of the DASHUSDT trading pair. Probably, few of the current participants of the cryptocurrency market remember this, but at the end of 2017 and the beginning of 2018, at the absolute highs, Dashcoin cost almost $1500. And then dark times began for Dash investors. For 5 long years, the price has been moving in a wide sideways direction, without a clear growth trend. And the other day DASH price updated the absolute minimum of the last 5 years. But tonight a miracle happened that made us remember that DASH still exists - a price increase of +30% in less than a day. What's next, you ask? Growth not above the liquidity zone of $50-55, we will answer. As you can see from the history of DASHUSD trading, the liquidity zone of $50-55 has always played the role of support, but now it already acts as a resistance level. Therefore, we hardly believe that this liquidity zone will break up the first time. Yes, in the medium and long term, there is a fairly good chance that the DASH price will be in the region of $105-115 , but it is definitely not already now. Therefore, if you want to hodl an "anonymous" coin in your crypto investment portfolio, we recommend taking a closer look at Monero _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
23