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.
Dashusd
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.
DASH/USDT (Trendline Breakout and Reversing from Support Zone)DASH/USDT (1-day chart) Currently trading at 71
there is a possibility of small retracement to 69.5.
Based on Price action this is a good time for BUY
Entry: 69 to 71 level
Resistant level 1: $88
Resistant level 2: $104
Resistant level 3: $137
Stoploss : $62
DASHUSDt - break out inclined level.Break out the inclined, see how well such break out work out.
The inclined level was formulated on a large of touches.
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DASH - Sell the top setup.Dash - Intraday - We look to Sell at 76.48 (stop at 78.05)
Preferred trade is to sell into rallies.
Rallies should be capped by yesterday's high.
Daily signals are mildly bearish.
Our outlook is bearish.
Our profit targets will be 72.11 and 70.12
Resistance: 76.00 / 77.00 / 78.00
Support: 74.20 / 73.00 / 71.00
DASH has 4x Bullish Altcoin Cycle OpportunityThere is some big assumption coming with the 4x opportunity for DASH. The main one is that DASH will be able to participate in the next parabolic alt-coin cycle.
If it is does and taking a conservative approach multiplying its value to about 264€ is absolutely in the realm of likely possibilities.
There is four resistance level to conquer: 66€ (which it appears to over run this week), 120€, 160€ and 200€.
Reason I don't see Dash shooting for new all time highs is that it just has shown quite a bit of weakness versus Bitcoin and has had a massive >80% loss from its all-time highs.
Depending on your event horizon for the the parabolic alt coin cycle start and length here I see Dash reaching the 4x 264€ margin by July 2021, which is inline with my Litecoin projections.
✳️Dash/USDT (30-10) #DASH $DASH #DASHUSDTDASH is again testing the bottom of $63-65 and it looks like there is quite a bit of buying power here. We can put our faith in DASH as DASH does not lose the 60$ zone. If DASH breaks the $95 zone, it is possible to trigger FOMO status
📈BUY- LONG Strategy
- Buy as close to $63-65 as possible, stoploss if the 1D candle closes below $60 zone
- Buy more if the 1D candle closes above the 80 $ zone to confirm a new uptrend
📉SELL-SHORT Strategy
- Sell at the 80$ zone for some profit, stop loss if the 1D candle closes above 80$
- Sell at the 95$ area because it is the ceiling price of DASH and there is certainly a strong selling force here
♻️BACK-UP Plan
- If the 1D candle closes below 60$, we will sell in the 60-65$ zone, stop loss if the 1D candle closes above 65$.
- Wait to buy in the range of 35-40$
Dash buy the dip setup.Dash - Intraday - We look to Buy at 64.31 (stop at 63.38)
We look to buy dips. 64.00 continues to hold back the bears.
Dips continue to attract buyers.
Daily pivot is at 64.00.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 66.98 and 68.42
Resistance: 67.00 / 68.50 / 70.00
Support: 65.50 / 64.70 / 64.00
DASH Where will be the bottom? At $50 or $40?Long ago passed the glory, once so popular, DASH
Someone kept it from $2, someone bought at $8-9 and sold at $100, enjoying incredible X's.
There were also those who traded DASH around the historical highs at the mark 1550+ $ , believing that it would be crypto bronze or new silver.
But time set things straight and now we are looking for another bottom for DASH.
For the last 2 months, DASH has been in the trading range $62-80 . There are instant and non-logical coin shots up, but each time weaker and each time D ASH is pressed to the lower limit of the corridor $62.
We can, of course, trade DASH in the channel mentioned above, but the following possible scenarios should be considered:
- As soon as the price fixes below $61.5 , the way will open to levels below: $50, and as a reference point for the final fall point, we can take the zone
40,5$-44$
- A positive light on the DASH horizon will appear only when the price can fix above $80.
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💡Don't miss the great buy opportunity in DASHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (63.65).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHUSD 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 50.
Take Profits:
TP1= @ 75.30
TP2= @ 79.90
TP3= @ 87.90
TP4= @ 104.40
TP5= @ 117.10
TP6= @ 142.15
TP7= @ 184.55
TP8= @ 260.75
TP9= @ 399.65
TP10= @ 622.50
TP11= @ 803.35
TP12= @ 984.00
TP13= @ 1568.35
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Buy the DASH dip!Dash - Short term We look to Buy at 64.31
We look to buy dips.
64.00 continues to hold back the bears. Dips continue to attract buyers.
Daily pivot is at 64.00.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 66.98 and 68.42
Resistance: 67.50 / 68.50 / 70.00
Support: 66.50 / 65.35 / 64.00
DASHUSD 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
DASH USDT | daily chart | 36% Long > when?In the daily chart of DASH, we have some confirmations which will be supported after hitting the support line.
Gain : 36%
entry : 61.80
TP : 84.17
BINANCE:DASHUSDT
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