Dashusd
Dash (DASH) Sell ZoneDash (DASH) Sell Zone
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BIAS
Short-Term : Bearish
Risk : Medium
On lower timeframe Dash is showing short-term weakness and could easily tp gp for retest in this zone.
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$DASH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 56.1 - 56.9
TP 1 : 54.8
TP 2 : 53.8
TP 3 : 52.2
TP 4 : 51.1
TP 5 : 49.9
TP 6 : 48.8
TP 7 : 47.2
TP 8 : 45.7
Stop Loss : 58.3
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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DASH/USD Main trend. Price reversal zone.This chart shows the main trend of this cryptocurrency. Term 1 week. The idea is to understand where the price is on a global scale and what to expect. It is advisable to trade on a lower timeframe, but a large timeframe gives you an idea of what to expect in the future.
Pay attention to what formations have formed on the chart and how they can "flow" into each other, depending on how the situation develops in the reversal zones. Now the price is in the reversal zone below the line of the secondary downtrend. Which trend will dominate in the near future depends on this zone.
If a breakout occurs and the price consolidates above the resistance of the secondary trend (the resistance of the triangle) - a complete reversal and the emergence of a new upward secondary trend. If the price fails to break through and gain a foothold above this zone, it may roll back inside the triangle to support - the next reversal zone, and this is the level of 62.22. Next, you need to see how this support will react.
DASH/USD Main trend. Timeframe 1 monthMain trend. Term 1 month. Updated my previous main trend idea (long term) posted on 11/17 /2022 before the secondary trend reversal.
At the moment, a descending wedge has formed in the secondary trend. The price is near a potential reversal zone.
The idea on such a timeframe is to understand the main trend of this cryptocurrency and where the secondary trend zone is to trade.
Old idea of the main trend.
Precisely a trend reversal from the price of $85.18 to $380 and a reverse trend reversal from the resistance zone of 380. Profit + 518%
DASH/USD Main trend. Price reversal zone.
🔝DASH💥DASH is the native cryptocurrency for Dash (Digital Cash), an open-source blockchain project whose code is copied from Litecoin, which in turn was copied from Bitcoin. Primarily used for simple everyday payments, Dash was built to be a more cost-effective and efficient electronic cash system than its parent, Bitcoin. Buy Low, Sell High
DASH bullflagThere is a bullflag on dash on the daily. I opened a trade at 126 because it is the bottom of the channel (channel of resistance and support in red lines) of the bullflag. It could break out with this next daily close. wether you want to open a dash trade now or wait for potentially dash to go 126 again depends on you. Just make sure your stoploss is 120 or below! DYOR NFA.
I don't have recommended leverage or entry for this trade. Only thing I can give you is that 126 is support and 134 is resistance. best price of purchase would be 126 but that is if it even hits there again. U decide wether u think it will or not and open ur position. ALL I KNOW IS STOPLOSS 120 OR BELOW AND TP 175!
DASH - It Is Going To Rally Just Like Zilliqa It is nothing better to see than a bigger market cap coin going parabolic and therefore becoming a leader amongst altcoins. Zilliqa chart is looking extremely similar than a lots of alts, one of them is DASH.
I've copied / pasted and properly adjusted ZIL chart to the DASH so that all the dips are in the same timeframe. You can now see how similar charts are. Dash is clearly a grinding bit slower given that it is an older coin (2014), but when it pops it goes similar to what ZIL did and will likely continue to do so as an alt season progresses.
If DASH would do the same as ZIL it would be sitting at just above $430 right now, preparing to go above $1k. That is still to come and so we have to be patient. Patience is crucial for a success here.
I am not a financial advisor so non of this should be taken as a financial advise. Wish you all successful investment.
BINANCE:DASHUSDT
DASH - Entry timing and targetsBYBIT:DASHUSDT
1H trend chart
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DASH is forming a potential cup and handle on 1H.
If price can breakout the downtrend line, trading strategy as below.
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Profit Targets:
a) 138.5----Fib(1)
b) 142.9~144.7----Fib(1.272~1.382)
c) 148.65----Fib(1.618)
d) 155----Fib(2)
Stop losses:
a) 125.9-----Red horizontal ray
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or let me know what crypto you want to see!
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Have a nice trading!
DASH/USDT Trend. Channel. Triangle 344% Pivot AreaThe line chart is specially designed to show the trend. The timeframe on the line chart is 1 day. The price is squeezed into the corner of a huge symmetrical triangle with a base of 344% and is under its resistance (secondary trend resistance). Zones of levels to work on the chart.
Coin in coinmarketcap: Dash
Everything goes according to the plan I showed a year ago. Large cup - rise in price to its resistance 85 - 380. A pullback from its resistance, which formed this symmetrical triangle. Then it is very likely to break through its resistance and to start working off its targets. But no one rules out the process of dumping the passengers (squeezes), before the breakdown or with a false breakdown, so diversify your money to work.
DASH/USD Main trend. Price reversal zone.
Anonymous or conditionally anonymous (like DASH) would be a "trap" for shadow money. Anonymous cryptocurrencies can make good money... The main thing is not to get caught yourself before the trap slams shut.......
Remember, nothing is anonymous. Everything anonymous is designed to find out what you are hiding from the government. There is a plan, and it is implemented in stages. Remember the phrase from the famous book, "No one can sell or buy anything without being tagged." The process is well underway. There are now 2, there are plans for 6 to make the technology work effectively.
💡Don't miss the great buy opportunity in DASHUSD @DashpayTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (128.6).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 134.3
TP2= @ 137.9
TP3= @ 143.7
TP4= @ 147.5
TP5= @ 155.4
SL= Break below S2
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💡Don't miss the great buy opportunity in DASHUSD @DashpayTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (128.6).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 134.3
TP2= @ 137.9
TP3= @ 143.7
TP4= @ 147.5
TP5= @ 155.4
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DASH (Dashcoin) Coin Analysis 26/03/2022Fundamental Analysis:
Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions.
Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.
According to its website, the goal of Dash is "to be the most user-friendly and scalable payments-focused cryptocurrency in the world." To accomplish this, the project relies on a network of masternodes, which are servers backed by collateral held in Dash that are designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block rewards, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend and ChainLocks.
Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances. In October 2020, Dash Core Group reported that its strategic objectives moving forward include building its ecosystem and brand, ensuring that users are satisfied and further advancing the technology behind the network.
Dash's governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group. In addition, the Dash Foundation, which advocates for the adoption of the cryptocurrency, receives donations and offers paid individual and institutional memberships.
Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work consensus protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain.
The PoW algorithm used by Dash is called "X11" — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash's documentation, X11 is "one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies."
The second tier consists of masternodes operating under a proof-of-service consensus algorithm in which masternodes are rated based on their history of providing good services to the network. Masternodes oversee the network and have the power to reject new blocks added by nodes if they were approved improperly. They also enable Dash's ChainLocks feature, which increases security because every 12 hours, a rotating group of masternodes observe and confirm all new blocks added to the blockchain. Dash's developers have stated that this protects the network against 51% attacks.
Dash was founded by software developers Evan Duffield and Kyle Hagan. The project was originally called XCoin, changing its name to Darkcoin two weeks later before rebranding again to Dash in March 2015 in an effort to positively change its image.
Before launching Dash, Duffield was a software developer with experience in finance, from his time working at Hawk Financial Group, as well as in public relations, having developed machine learning algorithms and search engines. He first conceived of Dash in 2012 as a way to add more anonymity to Bitcoin — hence, originally calling it Darkcoin. Duffield has claimed that he started it as a hobby, coding it in just one weekend. Duffield served as CEO of Dash Core Group — the company that supports the continued development, integrations and other activities of Dash — until December 2017 when he stepped down to focus on other strategic initiatives.
Hagan co-authored the original Darkcoin whitepaper alongside Duffield. However, he left the project early on in December 2014.
The maximum number of Dash tokens that can be issued is 18,921,005. However, this figure ultimately depends on how the governance decides to allocate the 10% of block rewards reserved for budget proposals. If none were ever allocated, only 17,742,696 DASH would ever be emitted. New Dash tokens are created through a proof-of-work mining algorithm in which the token emission rate is decreased by one-fourteenth, or approximately 7%, every 210,240 blocks, or about every 383 days.
Approximately 45% of new DASH is awarded to miners, 45% to masternodes and 10% to fund future proposals. In August 2020, a proposal was approved that will, once in effect, change the ratio of coins awarded to miners and masternodes from 50/50 to 40/60, respectively.
Within the first 48 hours of Dash's launch, approximately 2 million coins were mined, which significantly exceeded the planned emission schedule. Dash was originally forked from Litecoin, which suffered a similar issue at its launch due to a bug in its difficulty adjustment algorithm. While it is well-documented that Dash inherited the bug from Litecoin, there has, nonetheless, been widespread speculation about whether the resulting fastmine was intentional to benefit early miners.
The current CoinMarketCap ranking is #72, with a live market cap of $1,378,795,303 USD. It has a circulating supply of 10,641,166 DASH coins and a max. supply of 18,900,000 DASH coins.
Technical Analysis:
As you can see the Price Value has fallen to 85% of its All Time High and it seems to be very Discounted and Undervalued at the moment and it can be considered as a good investment opportunity.
The flow of Smart Money at this moment is very obvious as this asset is at the Accumulation phase currently and can Blast to the higher levels post its Accumulation.
There exist a Bullish Divergence of Price and MACD which can be interpreted as the Bearish Trend Reversal and beginning of the new Bullish trend and new cycle.
We have defined the Total of 3 Targets using the Fibonacci Trend Base Extension levels, which can forecast the Hight of the upcoming cycle,
The 3 TP gets confirmed as the Price Triggers the 2 TP followed by some Price Correction.
Dash Bull Flag FormationNew to this, trying this out to see how it plays out. Looks to follow the standard bull flag pattern.
1) Spike in trading volume during flagpole phase
2) Followed by lower volume during current consolidation.
3) Looking for a breakout on higher relative volume to continue the upward trend.
Let me know if my interpretation of this pattern is correct and feel free to share your own thoughts.
Not trading advice.