Dashusd
DASH - Breakout and TP/SLBYBIT:DASHUSDT
1H trend chart
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DASH is breaking out the long-term downtrend line on 1H
If price can keep being here, trading strategy as below.
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Profit Targets:
a) 133.3~134.1----Fib(1.272~1.382)
b) 135.85----Fib(1.618)
c) 138.65----Fib(2)
Stop losses:
a) 128.30-----Red horizontal ray
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DASH Goes Orange... Bullish Setup Hanging on by a Thread!Dash (DASHUSD) pulled back very hard again breaking below our previous low of 146.88, which means that we did not actually complete that pesky subwave-(ii) pullback that we THOUGHT we had finished back on September 28th. Therefore, our PURPLE primary pattern has invalidated , leaving the ORANGE pattern as the new primary . This means that our the subwave(i) remains the same, but now we have a deeper subwave(ii). LTC and LINK are also in a similar situation at the moment.
Our new ORANGE pattern subwave(iii) target projects between 453-576 while the subwave(v) target projects between 669-850.
The ultra-bullish GREEN box targets overhead haven't changed as they lie along very strong Fibonacci confluences. There is still a chance DASH can extend to those, but we are in a precarious situation.
There is major support at 101 below, and breaking that would mean we ARE following the bearish RED alt pattern which could take DASH all the way down into the 60 range. We've seen similar action in BCH, ETC, and EOS. In the near-term, it does look like DASH could get a lower-low. While BTC and ETH, which lead the crypto space, had been keeping things bullish all this time, they are getting dangerously close to breaking their own supports, so keep an eye on those! Ethereum must hold 3500!
It advisable to buy via DCA, dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process.
This subwave (v) top should coincide with the major top in BTC and ETH and will likely precede a ferocious crash across the crypto sector. This would be a great time to take profits and reallocate into other asset classes or Stablecoins. We may see a multi-year bear market specifically in Bitcoin and Ethereum, but many altcoins may see a shallower, more brief pullback followed by their own rallies to record highs DURING this time.
Farther out, there is a very strong, high-confluence target of 8233 that looms within the realm of possibility! While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH).
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 gets Gut Punched but Still One of the Most Bullish Cryptos!Dash (DASHUSD) pulled back so hard that we did break our previously-primary purple pattern and are now following the orange alternate pattern. The orange pattern calls the recent low the actual subwave (ii) while the purple subwave (i) remains as-is. LTC, SOL and LINK have also followed a similar pattern in which their nested 1-2,i-ii setups may have invalidated, but they did not completely reset their structures the way BCH, ETC, EOS and FIL have.
If you're feeling the need to BTFD (Buy The Freaking Dip), this may be a solid time to buy Dash. As the rally does take off in the 3rd wave, it will be prudent to shift to DCA , dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process.
While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH). Stay tuned for my big picture charts on Dash, which include price targets!
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 analysis 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
DASHUSDT - Buying opportunityBYBIT:DASHUSDT
1H trend chart
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DASH has built a double bottom pattern.
And it is trying to break through the neckline 209.2
If price can break it out w/o wicks top, trading strategy as below.
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Profit Targets:
a) 219.9~224.2----Fib(1.272~1.382)
b) 233.45----Fib(1.618)
c) 248.45----Fib(2)
Stop losses:
a) 191.75-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DASHUSDT , Its ready to reach targetHello everybody
Its one the amazing privacy coin but its tired the holders and its do nothing but we think the compression of the price and the ... it happend and now its ready to go up and go to the moon step buy step
According to the chart you can see , the price in some months ago break the downward trend and now we are in upward trend , according to the chart , we were in correction of micro wave and now we supported the price from the support zone and the key level point and the first target is the end of the breakwave and ...
Guys entrance in position in lower time frame and check the chart in multi time , in 1h or 4h or 15 mins time frame then with nice R/r entrance in position and ENJOY YOUR PROFIT .
Good Luck
Abtin