Dash DASHUSDT - Descending triangle + Elliott WaveBitcoin dominance is currently forming Head and Shoulders reversal pattern, that is bad for altcoins. I see this descending triangle on DASH, which is an extremely bearish setup. Also, this coin is breaking down from a major horizontal support. I still miss one more impulse Elliott wave to the downside. Please see related idea below this technical analysis for more detailed information about incoming crash.
DASHUSDT
Dash 1 hour analyze.Hello dear traders as we know we had a decrease on the volume and we are in under 50 ema so that means a downtrend (+making lower lows)
if we break the resistance (green lane) possible target is upper black horizontal lane.
if we break the support (red lane) possible target is down black horizontal lane.
Dash DASHUSDT - Descending triangleBitcoin dominance is currently forming Head and Shoulders reversal pattern, that is bad for altcoins. I see this descending triangle on DASH, which is extremely bearish setup. Also, this coin breaking down from major horizontal support.
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Don't miss the great buy opportunity in DASHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSDT 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 62.
Take Profits:
TP1= @ 73.35
TP2= @ 75.65
TP3= @ 79.20
TP4= @ 89.00
TP5= @ 100.00
SL= Break below S3
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Don't miss the great buy opportunity in DASHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSDT 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 62.
Take Profits:
TP1= @ 73.35
TP2= @ 75.65
TP3= @ 79.20
TP4= @ 89.00
TP5= @ 100.0
SL= Break below S3
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Dash i making a double top.Hello dear traders as you can see we are making lower lowes in previous 4 days and i believe we will make it again.
you know i believe the big wave of pullback is coming be ready and if you paid attention to the rsi you can see it to we will have a retest in 62 and there is our destruction.
Dash 1 hour analyze.Hello dear traders i started from higher time frame and finished in 1 hour chart.
here is my opinion we are making higher highs and higher lows so we can predict up trend but i didn't saw any reversal patterns and that is a bad news but not be impatient wait for new signals from me or analyze chart by yourself do not rush for selling but if you wanna buy (dont do it just because i said it) im not gonna stop you it a 55%-60% to go long :)
thanks :)