Dash vs Bitcoin Breaks Downtrend | 2023 Goes Bullish!Dash managed to break out of a major downtrend that started in May 2021.
DASHBTC hit a low in June this year and then went sideways...
This sideways phase we call consolidation or accumulation.
We are looking at the weekly timeframe so you know the signals here are very strong.
The breakout is confirmed as DASHBTC moved and closed above EMA50 last week.
The doors are open for mid-term growth above EMA50, that is 1-3 months of bullish action possible above this level.
It can also easily pierced through the red cloud.
We will start 2023 GREEN.
...What do you think?
Namaste.
Dash
DASHUSD - Descending Broadening Wedge On the Dash chart, a descending broadening wedge has appeared (1h-timeframe).
A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B.
At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop a little bit. After that, it could be possible that the price is going to break out straight away or it might retest. This is the reason why there're two paths drawn on the chart.
See all further details on the chart.
Goodluck!
DASH May Have Found The Strong SupportDASH may have found the strong support, as we see it recovering within an impulsive five-wave cycle from Elliott wave perspective.
DASH with ticker DSHUSD is bouncing strongly and in an impulsive fashion away from the lows and it’s just about to break channel resistance line. It means that ending diagonal within wave 5 of (C) on a daily chart can be completed and bottom already in place, however, keep in mind that first bullish evidence is only above 69 region.
In the 4-hour chart we are tracking now a minimum three-wave (A)/(1)-(B)/(2)-(C)/(3) recovery that can send the price higher within wave (C) or maybe even wave (3), but ideally after a pullback in wave (B)/(2) which may show up as soon as it completes a five-wave rally within wave (A)/(1).
Happy trading!
Dash Breaks Downtrend, Conquers MA200 (Additional 60% Possible!)Look at this one... What do we have here?
Dash vs Tether (DASHUSDT) is looking really good right now after it recovered from the recent November crash/low.
The first data point to look at on this chart is the downtrend from the August high.
This downtrend has been broken.
We also have a stop-loss hunt event which has been fully nullified.
There was a crash followed by a fast and strong recovery.
Finally, we see DASHUSDT growing above MA200, which is our long-term potential measuring indicator.
All these signals open the doors for additional growth.
25% Is the easy target.
60%+ Can end as the next high for this current move.
The charts can always change... We already know this.
Make sure to plan ahead.
I am wishing you much love, good luck, health, wealth and success... Always!
Namaste.
#DASH Buyers, Coin Surges 33% from November LowsPast Performance of DASH
DASH prices are solid at spot rates, pressing higher to retest last week's highs. Despite the sell-off early this week, today’s bounce is an indicator that buyers are in control. As it is, DASH is up 33 percent from November lows. Because of the trend set last week and prices rejecting lower lows above $37, traders might find entries aiming to align with the trend of the November 23 bull bar.
#DASH Technical Analysis
DASH, in response to shifting sentiment, briefly fell on November 28. Nonetheless, buyers are presently in charge per the candlestick arrangement in the daily chart and the sharp expansion in prices points to general optimism. A notable formation is that the November 28 bullish engulfing bar defines the short term. The bar has high trading volumes, even higher than November 8 and 9. At the same time, prices are still within this bar, pointing to strength from an effort versus result perspective. Buyers can look to load the dips above $37, targeting $44 and November highs at $47. Any sell-off below $37 might attract sellers, forcing DASH even lower, invalidating the current bullish outlook.
What to Expect from DASH?
DASH bulls are confident, partly because of fundamental factors and solid candlestick arrangement. As long as prices are steady above $37, DASH may rally, building on last week’s gains, to new Q4 2022 highs in the medium term.
Resistance level to watch out for: $44
Support level to watch out for: $37
Disclaimer: Opinions expressed are not investment advice. Do your research.
DASH has been up 26% in the last 24 hours!DASH has been up 26% in the last 24 hours. Its price fluctuates in a medium-term downward channel in the daily time frame. The support that took place in the market the day before caused the price of Dash currency to make a good return from the bottom of this channel. A support area is considered in the range of 37.13 to 38.85 dollars; if Bitcoin continues its short-term upward movement after a correction, we can expect a positive reaction from this support range. In this case, the next target that can be considered is in the range of 54 to 57 dollars. In this case, the ceiling of the descending channel can be broken, and we can expect a pullback to the ceiling of the channel.
DASHUSDT Last attempt to finally break the 1D MA200!*** ***
For this particular analysis on Dash we are using the DASHUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where DASH is approaching the 1D MA200 (orange trend-line) for the 2nd time since the November 08 rejection (FTX). This is the first time since the price broke below the 1D MA200 (December 01 2021) and never touched it again, that it will approach it twice on such a short time window.
This is the ultimate Resistance test for the coin as, as mentioned, it has been unbroken since Dec 01 2021. Ideally, we would like to see a break above the November 10 2021 Lower Highs trend-line, before calling for a long-term bullish reversal on DASH , in which case we can start targeting the Fibonacci levels since its 2021 All Time High, one by one, with the 0.236 Fib (at 58.7) being the first, which was the Resistance on the August 09 2022 High.
Notice also the RSI on the 1W time-frame, which is also making a key test on its August 2021 Lower Highs trend-line. A break there, can possibly be an early bullish reversal indicator.
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DASH made 14% today. What's next?Hello, dear TradingView members.
This is a DASH idea.
The price has made a 14% pump today and got rejected by the local resistance price area.
It is now sitting on local support and looks like it's holding.
There are two support levels on the way down and two resistance levels on the way up.
There are two possible scenarios:
Scenario one:
The price gets more support and buy volumes and goes back up to retest the resistance levels.
Scenario two:
The price gets rejected again and falls on the lower support levels.
If you want to open long positions, it's wise to wait for the price to break the local resistance price zone and then open your trades.
RSI is oversold, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
DASH - Long-Term View! ✒️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DASH has been overall bearish for a while and it is now approaching a strong weekly support and round number 30.0 in green.
DASH is forming a channel in red . For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in gray (50.0)
Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 25.0 - 30.0 support.
In this case, as price approaches the support again, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DASHUSD Target Price 37.11DASHUSD. Price pulled back to horizontal support resistance level. Gap is horizontal support resistance level. Enter a long position at 35.12.
DASHBNB 1DDASHBNB went to lick the lower edge of the channel at 0.1247 where it is, made a pulback and will soon reach the upper edge at 0.1381. There is no resistance between the two points, so it will quickly reach its target.