Dash
A trading idea on DASH! 🧐Ok guys, let’s talk about DASH today. I find this stock interesting, and it can give us a good trade.
The stock is starting a bull trend in the 30min, but it is pretty far from the 20ma. If it corrects, it’ll give us another chance to buy. But I do like the 4h chart:
DASH hit the support at 135 and it is now going to the 155. If it breaks the 135 again, then we should take a step back, but the chart looks good for now.
The problem is the gap at 115, but aside from that, I think the R/R ratio is worth. If DASH breaks the 145.20 tomorrow, it’ll be great.
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See you soon,
Melissa.
DASHBTC closer to the uptrend support lineDASHBTC was unable to pass0.0055 level for further upside attack and started to drop with btc dominance. Last defend line is trend support point which is sitting around 0.00455-0.00460. we will see if it will bounce from there or brake the uptrend and will turn back to the all time low target ( 0.0023x ). Apart from the market dash is drawing so negative charts as USDT BTC ETH and BNB pair
DASH POTENTIAL PATTERN REPETITIONLook closely at the period from 21 FEB 2021 to 10 MAR 2021.
Dash may move and evolve in a similar pattern, in movement and time. Several elements of the past pattern have been repeating in the last few hours and it is now confirmed. It is likely that the Dash, which is often repetitive in these movements, will be so again.
This is an idea and not investment advice, do your own research.
Trade safe.
DASH - The Great Supply Shock! Pretty Self explanatory analysis.
ATH Retest soon for DASH which would be led by a massive supply shock as DASH keeps on getting accumulated and Locked up on Staking Platforms!
Wait and watch
The R/R is pretty favorable but if it were me, I'd be happy to have a naked long exposure.
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This is (OBVIOUSLY) not a financial advice!
Quickpost:Dash Looks Like a shortThe main chart says a lot so I am going to go into the 12 hour because that shows a lot. Quite simply price action is still very bearish with both the VSTOP and MTF VSTOP situated bearishly and the 20 period SMA acting as resistance. This is the time frame I have my stops set on and my entry was at $207, My take profit is of course a bit shy of full performance. I am almost but not quite ready to move my stop loss to guarantee a profit.
These are very risky times and only the nimble should be trading. This is not the time to learn new skills. If you try and push your limits here with your full account most of y'all will get wrecked, like I got wrecked 3.5-4 years ago. One of the reasons this is a quickpost and I don't need a lot more TA is all the TA I have done recently that points to the begining of a bear market, and I trust my divergences and stop strategy. If I take an L on this it will be a very small one.
Here is a quick confirmation on ethbtc, which loosk to be setting up a classic bear trap. Given ETH and BTC .9ish correlation and ETH higher beta it seems we are due for the next leg down marketwide.