DASH is about to hit crucial supportDASH just broke out of what could be considered a bear flag which could mean it is about to head downward.
What makes matters worse for DASH is it is about to hit the bottom of a long term wedge (green lines) right around the 50% Fibonacci level near $212. Although this is a great opportunity for a bounce, with the bear flag just breaking, it must also be considered that if support breaks, it can easily hurl into a whirlwind downward over the next month.
Hence there is some crucial support to watch soon around $212 for DASH.
Dash
DASHBTC is preparing to move upAfter last pump DASHBTC started to consolidate its price against BTC. around 0,00380 level it found support and as you see on the triangle support line is holding well. Any moment it can brake above 0.00400 level and can be in blue zone. Real price action with volume will come after 0.0042x level passing. As you know DASH is waking up late but when it start to move x2 and x3 can come easily in couple of days.
DASH - Waiting for a base before actingDASH - This one was a bit disappointing last time but it could redeem itself soon as it's possibly making a double bottom.
If we can get a consolidation now, a break to the upside will then be the confirmation needed for me to buy in.
A break above the pink anchored VWAP from the high will be another bullish sign, telling us this reversal could be a sustained one !
So, keep a close watch on this one too!
DASH - 6h. Probable growth of 23%Exactly a month ago, we published a global DASH idea, where we showed two important targets:
Buyers managed to pass the mark of $330 . However, the buyers did not have enough strength to keep the local range of $257-267 . Thus, the DASHUSDT price has reached the critical support zone of $210-230.
At the moment, the DASH price is moving in a clear growth channel and is preparing for a new local impulse. The first target for this coin is at $267 . The ultimate goal is $290.
If buyers fail to hold the mark of $195 , the DASH market will continue to fall with great force with the first local target of $165.
Considering the situation on the BTC market , we do not exclude this scenario:
The DASHBTC chart adds a relative positive on the DASH market:
As you can see, the DASHBTC price has come to an important level and is now consolidating in the liquid zone. While we will not announce a change in the trend, however, a price rollback within the falling channel is quite possible.
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DASH 12h High is nearlyWell, the next forecast price movement has reached its goal, and now it is DASH
On the rise, the DASHUSDT pair easily broke through the $210-230 zone upward and fixed a maximum of $298
After that, there was a rapid fall in the DASHUSD price, but it was also aggressively bought back above the mentioned zone.
Well, now the level $286-289 is the Rubicon
Above it, there will be a chance for growth to $330-340
If they cannot gain a foothold higher in the Rubicon, then we can expect another decline in the DASHUSDT price, to begin with, to the $210-230 zone
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DASH GOING FOR THE BULLS Dash has barely broken above ZONE A pushing upwards with bullish momentum. According to my analysis it should consolidate a while after breaking ZONE A and closing above it then form a price action pattern like a double bottom. I strongly advice to wait for a candle to be closed and have little retracements or pullbacks. My Target is very close to ZONE B which serves as a nice support for the market 👌. Follow me for more analysis
🔥 DASH In A ChannelIn general, DASH is lagging behind a lot of other cryptos. In the case the bull-run will continue, DASH will surely make up for its current slow behaviour in the future. At the moment, it appears that DASH has bounced from the lower support of the channel and is making its way up again.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
Evidence base trading..!Most newbies make a great pray case for the WOLVES of wall street (venture capitalists).
Please review all the opening days, in last 3 years, soon you will find out you can buy the new stocks, 30-90% cheaper in weeks or months..!
Let wolves and Algorithms rip each other apart, then we will join for the real play.
Quickpost: Dash to more than double before next major pullbackGreetings, a lot is shown on the main chart and there will be one more chart in the post.
Analysis
Nested structures are performing
Falling wedge target is Hight of the wedge
Triangle target is just shy (measured moved not shown for simplicity sake)
Flagpole Target will get us most of the way to full target at the orange trendline
9 Season Rainbow explained on the chart. Deeper explanation found here
Wider Shot (monthly)
MACD EMAs about to cross bullishly
My training and experience leads me to see a rejection/consolidation at the orange trendline
Likewise, expect the orange trendline to be broken and then tested as support
Closing remarks
Money is:
Store of value
Divisible
Fungible
Unit of Account
Bitcoin seeks to be money with an emphasis on store of value. Other coins want to be money but don't empahsize the store of value, they focus on the the fungible/divisible aspect. These are the currency coins and when BTC slows down they will take off as a replacement currency for failing fiat. Just as the normal pattern is for Gold to move first and then silver to over-perform, BTC moves first and then the currency coins like Dash move later.