DASH/USDT - (25-12-2024) G-Money's short version analysis basedDASH/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only
DASH/USDT still kinda on the "move" waiting for a signal to TP. Trade was open with 10X leverage & should bring *2 account size...Who did enter this trade congratulations! Who missed it... See you all next time! ;)
What do you think?
Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;)
I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money...
;)
Trade safe & don't do "gambling". In the end it never pays, not worth it to risk loose all your $...
PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it.
Merry Christmas to ALL !
Dash
DASH is heading for $72A logical target price, if your Elliott wave and Fibonacci projections play out, would be in the vicinity of the key Fibonacci retracement levels—particularly around the 61.8% ($65 area) or as high as the 78.6% ($72 area) retracement of the prior decline. If the bullish Elliott wave structure is confirmed and momentum is strong, an eventual retest of the swing high near $80 could be possible. However, these should be treated as potential targets, not guarantees.
More Detailed Reasoning:
Identifying Wave Targets with Fibonacci:
Elliott wave practitioners often use Fibonacci extensions and retracements to project potential price targets for each wave. Assuming your scenario of a new 5-wave impulse forming off the recent low is correct, the two key levels to watch would be:
61.8% Retracement (~$65): This is a common target for a robust Wave (3) or as an initial resistance level if price is reclaiming ground lost in the correction.
78.6% Retracement (~$72): This level often comes into play if the trend is especially strong. If Wave (3) surpasses the 61.8% level decisively and doesn’t encounter heavy selling, the 78.6% is the next logical checkpoint.
Wave-by-Wave Considerations:
Wave (3) Target: Typically, Wave (3) is the most dynamic and might push price to or beyond the 61.8% retracement. If momentum and volume confirm the bullish move, $65 could be an initial target. Surpassing that, $72 becomes the next serious test.
Wave (5) Potential: If the structure unfolds in textbook fashion and there’s enough bullish sentiment, Wave (5) could aim to retest the previous swing high near $80, or even exceed it. This final push often comes with weaker RSI momentum and possible divergence, signaling caution.
Market Confirmation:
It’s important to note that these are projected targets based on an Elliott wave scenario and assume the market follows a recognizable pattern. Before making trading decisions, look for confirming evidence:
Momentum (RSI): RSI should trend upwards as the price moves into Wave (3). Weak RSI as price approaches $65 or $72 would be a warning sign.
Volume Patterns: Increasing volume on moves higher supports the bullish scenario. If volume declines as price approaches key fib levels, you might encounter resistance or a failing rally.
Risk Management:
Always remember that no Elliott wave or Fibonacci level guarantees a certain price outcome. Unexpected market developments, news events, or changes in sentiment can derail even the clearest pattern. Plan your trades with stop-loss orders, monitor market conditions closely, and be ready to adjust your targets as real-time data evolves.
Conclusion:
Based on the given Elliott wave and Fibonacci framework, a reasonable bullish target would first be the 61.8% retracement ($65), followed by the 78.6% ($72) if momentum remains strong. A more optimistic scenario might see price retest the previous highs near $80. Use these levels as guides rather than absolutes, and monitor volume and RSI for confirmation as the trend unfolds.
Bought from the Green BoxThe green box on the chart represents a significant buyer zone, and I executed a long position after observing price action within this area. This analysis will break down why the green box was identified as a demand zone and my expectations for DASHUSDT's movement.
1. The Significance of the Green Box
The green box marks a strong demand area where buyers have previously stepped in, making it a high-probability zone for a bounce.
Key Support Zone: This area aligns with historical support levels and technical confluences, reinforcing its strength.
Market Structure: Price has maintained higher lows above this zone, signaling a bullish continuation pattern.
Volume Confirmation: Increased buying volume near the green box suggests active demand.
2. Why I Bought Here
The decision to buy was based on the following confirmations:
Price Action Signals: A bullish reversal pattern formed within the green box, confirming buyer interest.
Fibonacci Retracement: This zone aligns with the 0.618–0.786 retracement of the previous upward swing, a classic area for reversals.
Oversold Conditions: Momentum indicators like RSI showed oversold conditions, adding confidence to the buy decision.
3. Current Expectations
Based on the price action and market structure, I anticipate the following scenarios:
Primary Target: The first target is set at the nearest resistance level, which aligns with previous highs around $XX.XX.
Secondary Target: If momentum continues, the second target is the $XX.XX level, corresponding to a Fibonacci extension level.
Stop-Loss Placement: My stop-loss is set just below the green box to minimize risk in case of invalidation.
4. Strategy and Risk Management
Risk management is a crucial part of any trade, and here’s how I’m handling it:
Risk-to-Reward Ratio: The trade offers a 1:3 risk-to-reward ratio, balancing potential gains against downside risk.
Monitoring Key Levels: I’ll be closely watching for volume spikes and resistance breakouts to validate the bullish momentum.
Adjusting Stops: As the price moves toward the target, I plan to trail the stop-loss to secure profits.
5. Final Notes
The green box represents a well-defined buyer zone backed by multiple technical factors. I’ll remain patient and let the trade develop while managing risk effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Dash filling out right shoulder after burj khaifa moveBy correcting here after dash’s big golden cross vertical slingshot in price action it is in the perfect zone to form a right shoulder to a newly materializing inverse head and shoulders pattern. The common theme for many inverse head and shoulders patterns this alt season has been very tiny right shoulders so there’s a decent chance it breaks above the neckline of the inverse head and shoulders before where the hypothetical right shoulder I have drawn on the chart reached it’s end. Always a chance it bucks the trend and ends up being even wider than what I drew too as the width of the shoulder would traditionally be. We will know soon enough As always dash and zcash see to be having some similar chart patterns. Nice to see privacy coins still matter enough to have a chance to make big gains this bull run and perhaps even surpass the previous all time highs if it keeps this up long enough *not financial advice*
Dash breaking up from double bottom on same day as goldencrossI’m starting to think my hypothesis has been proven at this point as yet another alt coin has its massive breakout pump on the exact same day pill candle it has its golden cross on. Dash now joins the countless other alt coins who have also broken up from the chart patterns with a big pum the day fo their golden cross. *not financial advice*
DASH - an old-timer set to growDash has been around the block for pretty long time. I remember when it had multiple ambassadors and they promoted Dash as a new digital cash.
Of course when the main altcoins were litecoin, dash, ethereum and a couple of others, they've gained a lot of attention and growth (look at 2017). But they've lost marketing points to DeFi, Smart chains, and even memecoins. So it is highly doubted that Dash will reach previous levels but a pump to ~$200 zone is almost imminient during this altcoin season.
DASHDash (digital cash) was launched in January 2014 as a fork of Litecoin 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.
Anyway, DASH chart is straightforward: an upward phase followed by a correction phase which unfolded in a big descending triangle pattern. Recently, DASH started an upward wave when broke the minor downtrend line, and is going up toward the big descending triangle's upper line. If DASH breaks the triangle, reaching ATH is possible, or even higher. Let's see what happens.
DASHUSDT Breaks Channel: Bullish Surge Ahead!BINANCE:DASHUSDT Technical analysis update
DASHUSDT has formed a descending channel pattern on the daily chart, breaking above the channel's resistance line. The price is currently trading above the 100 and 200 EMAs. A strong bullish move can be expected once the breakout is confirmed on the daily chart.
DASHUSDT Long Setup Setting / Targets and Plans📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone:28.66-29.08
⚡️TP:
29.61
30
30.50
31.10
🔴SL:
27.69
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
DASH: Strong Gains Ahead IF Wedge Is BrokenDSHUSD is coming higher, out of a last week consolidation that we have been tracking around $25, but it looks like break higher was wave five because of current reversal down. However, it can be just another correction with a bullish cycle, that will be expected to resume after a-b-c retracement back to 25-26 support area. If we are correct, then strong recovery is yet to come, out of an ending diagonal that appears completed on a daily and weekly chart. Keep in mind that ending diagonals causes a sharp reversal and strogn recovery in price, which is far from over.
Drop below 21 will suggests that bears are still here, for 18/17 wedge support.
very lil TA skills Altcoin 3 optimistic guess from here As of now I still have very little TA skills, and on this optimistic version of my guess/prediction from here, I just used the same few revelations I came across when I did my first ever btc chart (finding a parallel channel that fits previous price action, and then just duplicating the the parallel channel and stacking it, to get a basic blueprint of an overlay of potential resistance and support lines), combined with TA techniques from free Crypto Crew University youtube videos and an aggregate of other youtubers here and there, and I'm probably using some wrong but yea, this is my 'bullish' and optimistic guess/prediction as a first full cycle 'retail' hodler.
If i'm not going on what I want to happen, my bearish feeling and guess/prediction would be, a 25%-35% sell off before or after thanksgiving, and either going back up shortly after and keep running through 2025 or worst and what it feels like, toping out around the 10th-14th of December.
Feel free to tell me what will likely happen if you are an experienced TA chartist.
ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may.
The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈
1) Bitcoin Cash / BINANCE:BCHUSD.P
2) Dash / BINANCE:DASHUSDT
3) Litecoin / BINANCE:LTCUSD.P
These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)!
_____________________
DASH analyssi (4H)After the X wave, it has entered a correction phase.
It is now near the premium part of the previous wave.
From the supply range, it can move towards the specified targets.
Closing a daily candle above the invalidation level will be a violation of the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DASH Price ActionDASH is currently in a bearish trend and has been moving under a trend line for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel.
Currently, the price is consolidating on the support zone Green. For a bullish move, the price of DASH must break above the trend line. This resistance has acted as a barrier to the price, preventing any significant upward movement.
On the other hand, if the price fails to hold the support zone Green and breaks below this zone it is likely to test the lower support.
DASH sell/short setupThe structure of DASH is bearish. There is a good swap range ahead. This is a resistance zone.
If DASH reaches this range, we will look for sell/short positions.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
DoorDash Shares Surge 13% Following Strong Q2 Revenue BeatShares of DoorDash ( NASDAQ:DASH ) surged 13% in extended trading on Friday after the food delivery giant reported impressive second-quarter results that surpassed Wall Street's revenue expectations. The company's revenue growth and order volume highlights its resilience and continued expansion in the competitive food delivery market.
Key Financial Highlights
-Revenue: DoorDash reported a revenue of $2.63 billion, a 23% increase from the $2.13 billion recorded a year earlier. This figure also beat analysts’ expectations of $2.54 billion.
- Net Loss: The company narrowed its net loss to $157 million, or 38 cents per share, from $170 million, or 44 cents per share, in the same period last year.
- Total Orders: DoorDash received a total of 635 million orders in Q2, marking a 19% year-over-year increase.
- Marketplace GOV: The total value of orders, referred to as Marketplace Gross Order Value (GOV), reached $19.71 billion, a 20% increase from the previous year.
Strong Performance Indicators
DoorDash's Q2 performance reflects the company's strategic investments and product innovations aimed at enhancing user experience and operational efficiency. The significant increase in total orders and Marketplace GOV indicates robust demand and successful market penetration.
“We are very pleased with our financial performance in Q2 2024, as it reflects years of investment and product-level focus that drove strong growth and improved unit economics in several major areas of our business,” DoorDash stated in its release.
Looking Ahead
For the third quarter, DoorDash projects its Marketplace GOV to be between $19.4 billion and $19.8 billion, aligning closely with analysts’ estimates of $19.51 billion. This guidance underscores the company’s confidence in sustaining its growth momentum.
The upcoming quarterly call with investors, scheduled for 5:00 p.m. ET, will provide further insights into DoorDash’s strategic initiatives and future outlook. Investors and market analysts will be keenly observing how the company plans to navigate the evolving food delivery landscape and capitalize on emerging opportunities.
Conclusion
DoorDash’s strong Q2 performance and optimistic future outlook have bolstered investor confidence, reflected in the 13% surge in its stock price. With continuous growth in revenue and order volume, DoorDash is well-positioned to maintain its leadership in the food delivery sector.
The company's ability to narrow its net loss while significantly increasing revenue and total orders demonstrates effective management and strategic foresight. As DoorDash continues to innovate and expand, it remains a compelling player to watch in the coming quarters.
Key Takeaways
- Revenue Growth: 23% increase to $2.63 billion, beating expectations.
- Order Volume: 19% rise in total orders to 635 million.
- Market Confidence: Projected Q3 Marketplace GOV aligns with analysts’ estimates.
Long position on DASHUSDT 49Min/ Volume PredictionBINANCE:DASHUSDT
BINANCE:DASHUSDT
SL2 ---> Mid-risk status: 4x-5x Leverage
SL1 ---> Low-risk status: 2x-3x Leverage
⚡️TP:
26.58
26.70
26.90
27.20
27.45
28.00(In Optimistic Scenario)
➡️SL:
25.48
24.95
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.