Dashusd
DASH-Crash: Is it Over Yet?! May be Getting Close!Dash (DASHUSD) broke its 102.175 support, which invalidates the previous bullish ORANGE pattern. This is significant because it confirms that the larger 2nd-degree correction that started after the May 2021 has NOT yet completed.
Primary RED Pattern
The RED pattern can take DASH all the way down to 61 before seeing a bounce back up. This sees the entire rally from mid-2021 thru September 2021 as nothing more than a big fake-out B-wave rally. This is a bit unusual among cryptos because most others hit higher-highs in November in what looks like a more complete classic B-wave. While there is a chance we've had a truncation of the subwave-c within the larger B-wave, this may also be an indication that DASH gave us the earliest warning of the impending crash across the whole crypto space!
Alt GREEN Pattern
There is a chance that the correction may be over or close to over already, which is the GREEN alt pattern. We'd need to see a sharp 5-wave rally for that pattern to gain traction. If we really are done with the pullback, the target for subwave-(i) would fall between 175 and 325 based on the standard 0.382-0.618 first subwave extension we typically see after a larger completed impulse.
Check out my YouTube explainer video on DASH!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#dash #bitcoin #ethereum #blockchain #litecoin
DASH, MY TECHNICAL VIEW !!!This currency is expected to grow well due to its good divergence and also its good price range.
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Dash full chart view:
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Macd RD+ created:
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*This post is an analytical post and does not mention any signals or trading offers.
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DASHUSDT : Potential double bottom and TP..In 4h chart
There is a potential double bottom in the 4h.
If price break out and stand firm above the neckline ,trading strategy as below.
SL: 139.9
TP1: 170.7
TP2: 176.0
TP3: 181.6
TP4: 187.2
TP5: 205.4
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Dash USD - Buy and hold for 2022Hello Traders and Analysts,
Welcome to 2022.
This year, less posting, but more closer measurement analysing a smaller group of pairs.
This refines analysis and provides clearer insights, while the principles of investment are still covered in detail.
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Note* this analysis is a positional accumulation using a cost average upon positional aggregation. Short term losses incurred will not be realised, instead buying opportunities will be added. For CFD purposes, positions can be added with wider stop losses but minimal risk lost.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Scarlet - Four day
Orange = Daily
Green = 8 Hour
Grey = 4hour
Pink = 1 hour
Monthly Imbalance for buying
The main criteria for longs
Strong wicks showing that the zone has failed to close within the imbalance.
Net close out of the imbalance using August 20 - this coincides with the new monthly wicks proceeding creating higher highs.
We have an inside bar which essentially on the monthly provides a bear trap - look down below for the weekly to see the change of hands closer.
Looking left, the monthly candlesticks have created moves to establish supply imbalances.
Adding supply imbalance as targets
Structure understanding
Using the Fibonacci from price formations - this has established zone for profit targets and change of hands zones which is a logical positional play in technical analysis.
Things which are critical to understand here
The swing low of the Fibonacci starts at "1", whereby price has established a strong imbalance candle
The other established area is the retracement from the high, which >90% confidence within back testing scenarios across 11 crypto pairs, the established supply imbalance from the "0" or top of the swing - (which also aligns with a previous wick close). Price will look to a weekly pivot point.
Price will extend to -0.618 or 1.1618 Fibonacci, which will provide a zone where price will enter a profit taking zone and subsequently a over buying imbalance and now create a selling imbalance. Not the previous top wick closes in line with the bearish open price.
Weekly Imbalances
Daily Fibonacci Sequence completed
Price now has to break the following levels.
I'm aware on the weekly a short opportunity is still present as the monthly zone can still be tested to buy at $108-100 zone, but the monthly also shows a positional change of hands from supply to demand imbalances.
If the scenario where a rejection of either -0.27 and or -0.618 is present, then sell positions can be added to hedge or await buying due to the nature of a bear trap in smaller timescales.
Let's view the Fibonacci chart
The swing high and swing low can be applied, measured sells between $245-$222 would have been a high probability of a selling imbalance, this is due to the gearing of daily candle sticks forming a basis of structure which on the three day chart shows the netting off, where the imbalance meets the close out.
1.1
Here is the three day chart, which shows the selling imbalance where the netting had occurred. (note, on the weekly the wick created a half weekly high within the imbalance zone).
What now?
Well, two scenarios will occur for the bullish curve
1. being the likelihood of a buying position from a breakout of the buy where price will climb after being squeezed but creates lower highs on the daily and three day chart.
2. The second scenario, is based on the imbalance being retested on a deeper correction whereby the -0.618 or on a higher timeframe, Monthly* - the correction will be based on the wick low (looking left).
So long as the chart pushes up and to the right, longs are activated.
Buying zones - daily, removed
Crypto dominance
Possibilities
Since it is impossible to predict paths understand scenario analysis I have concluded these two scenarios to create two pathways, there are opportunities to buy accumulate positions here.
Orange - follows closer to a daily timeframe
Weekly - downside can still occur, but will tail off due to additional volume, cash conversion to buying, profit taking from sellers to buying inputs.
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Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
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LVPA MMXXII
DASH - TP/SL for getting rid of this trend lineBYBIT:DASHUSDT
1H trend chart
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DASH is squeezing under the downtrend line.
If price can break out the trend line, we can have a trading strategy with 2.92 R/R ratio.
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Profit Targets:
a) 162.95~167.6----Fib(1.272~1.382)
b) 177.6----Fib(1.618)
c) 193.8----Fib(2)
Stop losses:
a) 146.5-----Red horizontal ray
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Have a nice trading!
DASH Waiting For Money To Flow In - 1100% Just To Its 2018 ATHDASH is one of those forgotten coins, or so it seems like. I remember being above 1k in 2018. Even though it has not had the chance for a rally yet, i believe it will happen eventually as there is a lot of money in BTC and ETH to be rotated out of into the laggers enclouding DASH. It has 1100% just to its previous ATH. I specifically turned on linear scale for you to see just how undervalued this asset is.
I am not a financial advisor so non of this shoud be taken as a financial advise. Be Well.
KRAKEN:DASHUSD