DASHBTC wedge topI mentioned a little over a week ago how DASH looked to be heading upward, but now it looks to have reached the top of a wedge that has been forming since the last breakout.
MACD however looks to be treading well since the last dip. If the upward trend continues, DASHBTC has the potential to breakout to the larger, long-term wedge forming since early 2020 (blue lines). If that were to break upward, that could potentially be a very good sign for Dash.
However, there is also a bit of potential for a push back from either wedge. Either way, it looks to be something interesting to keep an eye on over the next few days.
Dash
🔥 DASH Channel Break OutRecently, DASH broke out of a horizontal channel in which it has been trading for more than a month. With the current fall of BTC, DASH might be a very decent asset to pick up along the way. It was seeing some great returns lately, so iit might continue that bullish action as soon as BTC recovers.
Since the channel top resistance is now functioning as a strong support, I'm placing the entry there.
Buy: 250 - 230
Target: 275 - 300 - 330
Stop: 215
Happy trading!
DASH Double top (M) then dropHello traders and analysts.
I have imagined this when I saw the evolution of the DASH. A double top (M) then a fall due to the invalidation of the resistance.
It's an idea to stay on DASH and sell at the top which is around $325. It's not too late to open a trade now.
Give thumbs up and like if u agree.
This is just an idea and not a certainty. I am not a professional so trade safe.
Regards,
Investissor.
DASH double bottom & inverse H&S breakDASH is looking like it is trying to "collect them all" when it comes to bullish patterns right now from what I am seeing.
After hitting a double bottom in late march (dotted yellow line), it has further formed another inverse head and shoulder pattern and has broken the neckline today (dashed yellow line). Furthermore, this looked to be propelled by hidden bullish divergence on RSI (light blue dashed lines on price and RSI).
Right now Dash looks to be taking a break at the 38.2% Fibonacci retracement level. It should be interesting to see if it closes above the neckline for the daily chart.
I would also love to hear any opinions to the contrary as well as any other confirmations if you have them. If so, please leave a comment!
DASHBTC potentially reversingFor anyone watching DASH, it looks like DASH is challenging downward resistance on DASHUSD, but I think the really interesting thing to watch is DASH/BTC. It looks like the relationship just took a huge dip yesterday but now looks like it could be attemping to reverse direction. Still a bit of a ways to go until it hits the trend line, but there hasn't been such a reversal as such for some time now, so I figured it something to point out for anyone watching Dash.
There still needs to be a little more confirmation, but DASH at least came close to the bottom of a potential wedge (green lines) but time will tell if the trend continues. If it does however, it will be interesting if it is able to break through long term resistance (blue lines) anytime soon, but if so, that would be a very positive sign.
DASH attempting to break out of downward trendIt looks like DASH might be trying to break out of its downward trend slightly. Still a bit of time to see if it continues, but at least it is a start in the upward direction.
Obviously there are still a bit of potential negative effects if BTC heads downward, so it should be interesting if DASH will be able to hold a position against a potentially falling BTC, but I think it is something to watch over the next few days to see if it continues.
DASH Accumulating for explosive runHello everyone,
Currently dash is in a lateral accumulation phase.
As we could see in the previous run, the explosiveness of this altcoin is massive.
Be aware of key points:
250$
Breaking RSI downtrend
500$ Long term objective, timing is not bad but you could get bored watching other altcoins growing.
Good Luck!