Dash
DASH Ready To Rock N Roll Dash has been kind of lagging behind in recent days, but has finally made a new top since 19 Feb. That looks extremely bullish to me.
Not only have we successfully back tested yellow descending trend line and made a new top, we have broken through 0.382 fib retr. level. If we manage to break above 0.5 level, we may well consolidate a bit in a 0.618 and 0.786 area before another leg up.
That doesn't mean that we cannot have a small correction from here. We have to be prepared for anything in this market haha.
You have to understand that i am not a financial advisor and non of this is a financial advise. I could be very wrong about all of this.
KRAKEN:DASHUSD
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Dash, Uptrend for the Long Term.Hello Traders,
Dash is crossing a very impórtante downtrend line. If it confirmes in the weekly chart the breakout, it is expected that this coin will give us excellent trade opportunities in the future. So I recommend to pau attention to the coin.
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$DASH will absolutely kill itI have been holding $DASH for some time already, but now I am certain that it will make my day very soon.
As you can see we are on top of the ascending triangle and of pitchfork trend channel. We penetrate it up (which is highly possible) and we go flying.
We exited Stoch RSI oversold levels, so I am counting on that upcoming volume to give us a boost to confirm the pattern.
Mid-term goals: 305 - 318 - 335 - 349 (if passed successfully and fixed above the last target, there is a chance to reach long-term targets 465$ and 585$)
SL: 270$*
*For me it's a lower limit, which will mean that the pattern was invalidated and direction changed to a downtrend according to pitchfork
NOT A FINANCIAL ADVISE! DYOR!
Quickpost: DashBtc looks great on the monthly chartDash continues to show strength against the dollar and against bitcoin and so it becomes just a matter of time before lift off.
The bollinger bands show where we may get some stalling as Dash moves up. Resistance at the baseline is to be expected, and likewise it will take a long term continuation pattern to get us through the bollinger band and to the blow off top that will signal the end of Dash's season.
The RSI has shown a technical double bottom. In our current instance with a lower low on the price action could be considered some subtle bullish divergence. If we do assume a double bottom then we are looking for the RSI to move upward, and that means Dash has to go upward.
The price action has given us a lower low since December 2019 but both the Stochastic and the Stocastic RSI are showing higher lows. This suggest Dash will get some movement to the upside against bitcoin in the next couple of months. Things should really get moving when the K and the D get above 20 on the stochastic.
On the weekly chart we can see downward sloping resistance has turned to support and this is where we see dash consolidation. Very pleasing to the patient.
If I had to pick where we would expect DashBtc to have a major stall against BTC it would be at the 2 level of this fib channel. Maybe the 1.786. Sets up a massive inverse head and shoulders on DashBtc like the one we have been dealing with on ETHBTC.
$DASH$DASH seems to be reversing at this support, looks amazing for long term buy & hold kind of trade, great RR entry here.
DASH Analysis $DASH | #Analysis | #StockMarket
Price Target 190.37 🎯
Falling Wedge ✅
Trend Reversal with Volume Confirmation ✅
Bullish Engulfing Outside Bar ✅
Break above Clouds with Strong Momentum ✅
Entry on Break of 140.90 with Confirmation ✅
Invalidated below 131.19 ❌
DASHUSDTHello dear followers
My scenario for entering this deal is as follows
1. If the resistance breaks $ 330, after the back money on the resistance, I will trade for the target of $ 490
2. If I do not break the $ 330 price, I will enter the $ 250 price, and my first goal is $ 330 and my second goal is $ 490.
3. If the $ 250 support fails, I will be completely out of the deal
It should be noted that the black cap I specified can be decisive
Comment ?
DASH Still Has More Than 1100% In it, If Everything Goes RightFib. extension level 4.236 on a DASH price chart takes us to about $3400, where retracement level 0.236 was acting as resistence where it was retested prior the capitulation on 3 Sep '18 (shown with yellow arrow). It is a pure speculation that is very likely to happen now that we are on a verge of an alt season.
I am not a financial advisor so non of this is a financial advise.
KRAKEN:DASHUSD
Good opportunity to buy DASH/USDTTrading suggestion:
Don't rush and be patient to come lower around 250 and then take one step buying at this
put your stop loss below the orang trend If it beaks until now after that I will saying because maybe I want to change the stop loss and I want to buy another step in upper prices
All in all, DASH has broken two resistances of itself so now it is safe for investing to take targets.
Drop some feedback below in the comment!
Thanks for your attention 🙏!
Trade well, ❤️