Dash
💡 Don't miss the great buy opportunity in DASH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (96.94). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASH/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 104.48
TP2= @ 110.55
TP3= @ 118.10
TP4= @ 127.52
TP5= @ 136.84
SL= Break below S2
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💡 Don't miss the great buy opportunity in DASH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (96.94). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASH/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 104.48
TP2= @ 110.55
TP3= @ 118.10
TP4= @ 127.52
TP5= @ 136.84
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DASHUSDT (Resistance Breakout)#DASHUSDT Technical Analysis Update
Resistance breakout)
DASH/USDT currently trading at $101.80
LONG ENTRY Level: $99.75 to $100.80
STOP LOSS: below $93.75
Resistance level 1 (Target 1) :$105
Resistance level 2 (Target 2): $111.30
Resistance level 3 (Target 3): $118.50
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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Mr. West Daily notes Report no. 3Trending Up: AESE, MVIS, HERO, SNE, ZNGA, ROKT, DENN, GE, MICT, UA, JETS, SAVE, NCLH,
Trending Down: CRON, JBLU, ABNB, DASH, NIO, CAN
Consolidation: PBI, BOTZ, CCL, NKLA, WINRD
Todays notes will be explaining the market and it's signs of growth for majority of the Companies I have listed based on chart patterns. For the month of December, many of the Stocks are tending up. One Stock company in particular has gradually grown from its consolidating patterns into a bullish up trend. Ticker symbol Allied E-Sports Entertainment INC. (AESE). With COVID-19 still creating issues in the economy, many people are still resulting to stay inside and occupy their time with online gaming. This has also been a strong factor for many E-Sport companies within the Tech Industry. (See image link below).
With the hype of Door Dash(DASH) and Airbnb(ABNB) having IPO dates last week, the two tech companies were price up high. However, the two companies ended up falling short into a down trend. Door Dash may end up going up due to the increase of take out, but Air bnb may result in a down trend since traveling is still at an all time low.
DASH buy the dip.Dash - Intraday - We look to Buy at 87.4 (stop at 83.2)
Daily signals are bullish.
Dips continue to attract buyers.
We look to buy dips.
Our outlook is bullish.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 99.7 and 103.8
Resistance: 95.0 / 100.0 / 105.0
Support: 90.0 / 87.0 / 85.0
Super Simple Smart way to play IPOsMy last video got a lot of traction where I was critical of people that buy IPOs on the day of offering. There is a better way! When you see it and how simple it is... you will laugh!
Even if you believe in the company, have done your DD, and are ready to make your investment based on fundamentals this method will help you avoid drawdowns and increase your probability of success! One warning though: it requires PATIENCE which many may lack! :P
DoorDash (DASH): Everything You Need to Know After the IPOThis is my analysis on DoorDash (DASH), written prior to the IPO. Most of the information below is available from the S1 that the company filed to the SEC.
This is not investment advice. This was written for educational purposes only. You are responsible for your investments and trades. Invest at your own risk.
About DoorDash
- DoorDash (DASH) is America’s #1 delivery & takeout platform, covering over 51% of the market share.
- They currently have over 390,000 merchants, 1.8 million users, 1 million delivery workers (dashers), with an average delivery time of 35 minutes.
- During the latest series H, which took place in June 2020, the company raised $400 million, and was valued at $16 billion.
- Main competitors of this firm include Uber Eats (which acquired Postmates for $2.65b), covering 30% of the market share, and Grubhub, which covers 18% of the market share.
IPO (Initial Public Offering)
- DoorDash priced its IPO price at $102 a share
- There was tremendous buy volume as soon as the market opened, with the stock reaching $195 at one point
- The stock closed at $189 yesterday, after a successful IPO
Business Model
- DoorDash charges restaurants a 20% fee on average, for every order made on its platform.
- On top of that, they earn money by charging customers fees for delivery, which normally ranges between $6-8 depending on the distance and current demand.
- They also offer a subscription service – Dashpass – which exempts its users from paying service fees.
- They have an extremely systematic virtuous cycle involving consumers, merchants, and dashers, in which the cycle creates local network effects, economics of scale, and increasing brand affinity.
Financials
- The company has shown tremendous and consistent growth in revenue over the years.
- Nonetheless, they also continue to spend more and more and sales and marketing costs, as well as general administrative costs.
- DoorDash is also one of the many companies that benefited from the Covid-19 Pandemic.
- In 2019, the company generated $885 m in revenue, and in the first nine months of 2020, they generated over $1.9 b.
- While these are extremely impressive numbers, it’s still important to take into account the fact that the company is still not profitable.
- In 2019, they had a net loss of $667 million, and in the first nine months of 2020, they lost $149 million.
- Nonetheless, a company not being profitable is common with unicorns and startups, as they seek growth as their number one target, keeping in mind that profitability follows easily once they dominate the market.
- Another good news is that they currently have more cash and cash equivalents to cover their total liabilities, and thus won’t suffer from issues regarding lack of cash.
- Given the current momentum in the delivery market caused by Covid-19, experts anticipate 2021’s revenue at $5.2 billion, which is a 93% yoy growth rate, with operating profits of $280 million, which is a 23% yoy growth rate.
Risks
- The company might not continue to grow on pace with historical rates
- There is intense competition within the delivery industry
- Reliance on merchants for the success of the platform
- Their focus on expansion might not maximize financial results, and could result in lagging stock prices.
Precedent
- There are precedents of success regarding delivery & takeout platforms in other countries as well.
- Baedal Minjok, South Korea’s largest food delivery app, is in talks of being acquired by Delivery Hero.
- Baedal Minjok is a unicorn, which recorded a revenue of close to $8 billion in 2019.
- Considering that their 2020 records will be even higher, due to the Covid-19 pandemic, we could expect DoorDash to do even better, since it’s the most dominant company of a bigger delivery market.
- Precedent cases demonstrate that the food delivery industry has significant room for growth.
- Nonetheless, considering that Baedal Minjok’s revenue is 8 times higher than that of DoorDash, and yet is valued at $4 billion is quite concerning for DoorDash, as it indicates that the hype and growth potential is factored into its valuation.
Mike’s Insight
In my opinion, I think DoorDash is a company worth looking into. It operates in a solid industry that benefits from the Covid-19 pandemic, and while the growth rate will slow down once the pandemic is over, precedent cases from other countries demonstrate significant room for growth. Nonetheless, since expectations for future growth seem to be factored into the company’s valuation, I’d be cautiously bullish on this company.
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"Shopping time" Bitcoin TimeCycle Next Price Spike is on 15 JanSo after our last rally on BITSTAMP:BTCUSD and if bitcoin continuous the bullish movement, I think we will go flat and on sideways for the next 40 Days , and BTC will try to calm down since RSI is showing a clear overbuy signals,
and there will be a price spike on Mid of Jan 2021.
In the next 40 Days the market will be boring especially for the future traders.
the same pattern has been followed by BTC which is 45 Bullish Days & 45 Flat Days since Mid April.
Of course these are the time where we advise to go shopping and fill your wallet with the most reliable alt coins such as ETH, XLM, ADA, XRP, DASH, ICX, NEO, YFII and LTC since BTC dominance is affecting the prices of these alts and once we start the next rally: you will never be able to buy at the current Prices again.
Current Prices
BTC : 19150
ETH : 595
XLM : 0.17
XRP : 0.60
DASH : 100
ADA : 0.16
ICX : 0.40
LTC : 82
YFII : 1940
NEO: 17.8
Hope the best for Y 'all.
DASH/USDT (Wait for the Descending Channel breakout))#DASHUSDT Technical Analysis Update
Wait for the Descending Channel breakout
DASH/USDT currently trading at $101
LONG ENTRY: Only enter long after Descending Channel Breakout in 4h chart
STOP LOSS: I will update once I see a breakout in 4-hour chart
Resistance level 1( Target): $111
Resistance level 2 (Target ): $120
Resistance level 3(Target): $137
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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DASH/USDT Wedge Formation: Bullish ScenarioSince early November, DASH/USDT is following an upward sloping trend line. Since two weeks, the pair is starting to form a wedge.
Today, the price has bounced off the trend line yet again, signaling a new upward movement in the short term.
My take is that the price will continue to rise until the $114 area. If you're feeling confident, a $120 target might better for you, albeit risky!