Dash has made a strong bounce off support.In my previous post i talked about Dash potentially make a large bounce off support, that has happened for the 4th / 5th time since Febuary this year.
It would be nice if Dash made a push to $122.00 USD & consolidated.
Then break flush out of the ascending triangle & retest the resistance at $138.00ish USD.
Keep your eyes on Neptune Dash if you're trading Dash, we may see some correlation start to take place once volume continues to pick up.
Time will tell per usual.
#DashForCash
Dashusd
DashDash looks the best out of the usd pairs, the chart is obviously similar to bitcoins, but it had its first pump a day before bitcoin did (might be something in that) and it bounced off the 200 Daily MA. So if bitcoin was to do nothing it might be able to pump out of the ascending triangle on its own. tight stop arounnd $129
Dash has found support, still trading in Ascending Triangle.I have posted several charts on Dash, and someone asked if Dash has broken out of the pattern.
If I ZOOM in on the same chart, you can see that Dash broke the pattern twice, or several time but bounced back into the ascending triangle each time. Very bullish, "IMO."
Time will tell per usual how this plays out, but I think by tmrw or the end of this week Dash will break through 113.00 USD & consolidate.
Maybe we get another Moon Shot & retest 122.00 USD, or 117ish.
It's always possible we trade sideways or take a little dive as well.
Keep eyes on Neptune Dash.
Ascending Triangle support line reaction bounce?This week should be interesting trading for Neptune Dash.
Every time Dash has traded below the trend line or on it since February Dash has went on a major run. Linked to this post is my recent chart on Dash about to make a bounce off support.
Dash - New Trading OpportunitiesLet's talk about Dash.
The market dropped from 140.00 resistance level and now the price bounces from SMA50. RSI and MACD histogram confirm the price reversal. DMI is bullish with the falling ADX line. The combination of these signals tells us that the correction movement probably is finished. The market can continue the upward trend. This reversal signal could be used for buying for the short term trading based on the lower timeframes.
But the market still has some potential and space for the downward movement. That's the main reasons why it's better to get an additional signal confirming the upward movement.
If the price bounces from SMA50 and breaks the downtrend line, we will be able to get such an additional signal. This breakout can be used for buying for the medium and the long run. Stop orders must be placed below 100.00 support level and profit targets at 140.00 and higher resistance levels based on the round numbers and the previous swing highs.
A trading opportunity to buy in DASHUSDTechnical analysis:
. Dash/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (104.000 to 84.000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (104.000)
Ending of entry zone (84.000)
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= @ 139.000
TP2= @ 175.000
TP3= @ 210.000
TP4= @ 280.000
TP5= @ 410.000
TP6= @ 530.000
TP7= @ 640.000
TP8= @ 806.000
TP9= @ 982.000
TP10= Free
A trading opportunity to buy in DASHUSDTechnical analysis:
. Dash/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (104.000 to 84.000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (104.000)
Ending of entry zone (84.000)
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= @ 139.000
TP2= @ 175.000
TP3= @ 210.000
TP4= @ 280.000
TP5= @ 410.000
TP6= @ 530.000
TP7= @ 640.000
TP8= @ 806.000
TP9= @ 982.000
TP10= Free
Dash is about to make a Major Bounce off support!I've been posting my charts on dash for a few weeks publicly now because I feel like it's ready to rip off some faces, so far so good.
Every time Dash has traded below this trend line or on it since February Dash has went on a major run.
Keep your eyes on Neptune Dash. Ticker symbol DASH on the TSX.V.
Time will tell per usual.
Is Dash going to hold $13.00ish USD?If not, $103.00ish USD is where the next support on my chart is.
And if that doesn't hold, that will break Dash out of the Ascending Triangle, that wouldn't be good. IMO.
Time will tell per usual.
Keep eyes on Neptune Dash. Fidelity are huge investors in this company, and they've increased their position to over 15%, if I'm not mistaken. Fidelity took part in the (Dash Neptune) convertible debentures which resulted in them owning 11% of the company at the time of going public on January 22nd, 2018...Between January 22nd, 2018 and March 9th, 2018 Fidelity increased their position to 14.93%.
Dash Day TradeWelcome Back!
Today I wanted to update a chart for Dash because I am seeing further upside to come.
Based off my Elliott Wave count we are as follows... Wave one in completed which takes us to wave 3.
Of wave 3, waves 1, and 3 are completed. What follows next is wave 5 of 3 which will complete wave 3 in this Elliott Wave cycle.
My target for the end of wave 3 takes us to $170.
Once that target is met I would expect a retrace before we look to finish the 5 wave.
I will update my 5 wave count once wave 3 is complete.
My target for the next impulse is 37% or $170.
DASHUSD The transaction will be active in a month for 30 %
In this situation, the growth of buyers and sellers.
If there is a strong news it will be easy to go up
If you trade with leverage, determine the entry point or watch me, I will update if the situation changes.
I keep my hand on the pulse, put a pending order at a price of 110 - 112 $
Dashcoin - When to Buy All my thoughts about Dash market you can find in my previous post in the related ideas, now it's time to think about further market movements.
The price reached the resistance level at 140.00, and we are going to get two reversal candlestick patterns. RSI is in the overbought zone, and it will be able to reverse soon. If so, we will get a solid signal confirming the price reversal from the resistance level.
In spite of bullish signals from MACD and DMI, we should be ready to see a correction movement. If the price bounces from 140.00 and moves lower, the support zone between 110.00 and 95.00 levels will become a good place for getting buy signals. This zone is formed by the support levels, SMA200, SMA50, and the uptrend line. The reversal from this zone will be logical, and the market will be able to continue the uptrend.
DASH Medium - Term Analysis Up 10%+ on the day, Dash has been one of the stronger Alts in the recent week. After breaking out of the accumulation zone and holding the $90 support, dash ran higher through the $105 and $115 minor resistances. Yesterday we traded into the $140 resistance region which we are currently still holding today.
For now A break through the $140 level and we should see a continuation higher into the $170 resistance. With the $200 key level proceeding a break and test of $170 as new support.
*This is NOT financial advice, and intended for educational purposes only*
Dash: interesting fractal structureHere is an idea for Dash. We can see that the downtrend shares some similarities with the last one years earlier.
Now this of course is based on the premise that BTC does a strong correction after reaching the top of this rally.
If BTC however does not do a strong correction, then this fractal idea is invalidated.
Nonetheless, it would be interesting to see it play out like this, because this would be a very strong bullish setup.
A double bottom and retest of previous resistance is indeed very bullish longterm.
I see this coin, like other altcoins, at quite insane prices during the peak of the next bitcoin hype cycle.
Dash Price Prediction – Drop Back into the $60 AreaBased on the Bitcoin code and launched in early 2014, Dash was initially known as XCoin and soon renamed to DarkCoin. In its early stages, it was mostly focused on privacy and anonymity, which led to the coin being used heavily for darknet market purchases. It was described as “the first privacy-centric cryptographic currency” by Evan Duffield and Daniel Diaz, the co-authors of the coin’s whitepaper, but is still struggling with popularity.
In more recent years Dash moved away from the privacy-centric model and has become an open source peer-to-peer cryptocurrency focused on the payments industry (just like everybody else). It aims to be money that is portable, fast, anonymous and inexpensive, providing instant transactions (through InstantSend) and private transactions (through PrivateSend). According to the official site, “Dash is Digital Cash you can spend anywhere”.
Similar to most other cryptocurrencies, Dash bottomed late last year and is now edging higher. It looks like the token could move higher but that depends on the market. Currently, it is trading at just $92 and is ranked number 15, with a circulating supply valued at $803,052,176.
The lines of the Moving Average Convergence Divergence (MACD) are moving tightly together and the histogram is barely visible which shows very little momentum for bulls or bears. This goes to show that interest for Dash is dwindling and that the coin may be entering an extended period of sideways price action. On the bright side, the MACD lines are crossed bullish and moving slowly upwards which is a sign of recovery. This may be an overly optimistic approach so take it with a grain of salt.
From a daily chart perspective, we can see the pair struggling to break the 100 days Exponential Moving Average and approaching the resistance at $100 (which is both a technical and psychological level). If the bulls can overcome the confluence zone created by 100 EMA and $100, then maybe we will see a stronger climb over the months to come. In my view, $175 is the next target followed by the more important level at $225 (this level acted as support and resistance in the past).
If the resistance zone cannot be broken decisively, we can expect price to drop back into the area around $60 in the coming months and possibly a resumption of the long-term downtrend if $60 support is broken.
Daily Chart Support: $60
Weekly Chart Support: $60 and all-round numbers below it
Daily Chart Resistance: 100 days EMA, $100, $175
Weekly Chart Resistance: $225, 100 weeks EMA, $575 (not expected to be reached in the next 6 months)
Most likely scenario: unless a clear bullish breakout occurs, we can expect downtrend resumption with a break of $60 support
Alternate scenario: a continued period of low volatility, minor upswings due to downtrend exhaustion and overall choppy price action
DASH Price Prediction: DASH to the Top of the Ranks DASH is gearing up for a big move that could see it rise several spots in the market cap rankings. Now sitting at 14th spot it would not take much for this token to gain 4 or 5 spots in the ranks. Currently trading just below the $95 level it is up about 50% since hitting its bottom and looks like it could easily move up to the $120 level in the next few weeks to 3 months. A break above the $95 level would break a strong resistance and a trading range with magnitude near $30. Projecting that $30 puts us near $125 and well above my next target for resistance.