Dash
Does the Dash currency have any growth prospects?Today is a global review of the DASHUSDT trading pair.
Probably not many current crypto participants remember this, but at the end of 2017 in early 2018 at absolute highs Dashcoin was worth almost $1600.
And then the dark times for Dash investors began, as the $50 level the third time in 4.5 years pulled a price to them
By now, the Dashusd price is trying to get a foothold above $50. This maneuver gives a chance to suppose that in the coming weeks/months we might see a rebound up to the level of 115$ on the chart.
Then in the area of $115 will be decided the fate of the Dashcoin's price further movement: the continuation of growth to the area of 200$ or down to 50$ again.
But we will write about it in our further reviews of Dashusdt pair, analyzing the actual trading situation on crypto in the future on smaller timeframes, looking back at this global chart of Dashusd price.
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Dash (DASH) Sell ZoneDash (DASH) Sell Zone
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BIAS
Short-Term : Bearish
Risk : Medium
On lower timeframe Dash is showing short-term weakness and could easily tp gp for retest in this zone.
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$DASH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 56.1 - 56.9
TP 1 : 54.8
TP 2 : 53.8
TP 3 : 52.2
TP 4 : 51.1
TP 5 : 49.9
TP 6 : 48.8
TP 7 : 47.2
TP 8 : 45.7
Stop Loss : 58.3
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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DASH falling wedge#DASH/USDT
$DASH inside falling wedge.
there is a long term support zone between $60 and $36 that is the same with lower line of wedge.
🐮 holding this support zone will increase price to upper line and if break out from wedge the target of this pattern will be around $200 in long term.
🐻 break down from lower line will drop price to $16 and $0.7.
DOORDASH - Bounce Along Downtrend DoorDash has formed a double bottom along the current downtrend
This is comparable to a previous double bottom seen, which correlates well with indicator used
A bullish move was the result
Lets see if it follows the same pattern
Dash 2 week outlookHello Traders,
Here is a long term chart on DASH, same deal for the colors. Pink we want to stay above, if not, green lines are the points of interest for buying opportunities. Red rays are resistance and white lines are targets when the light blue trend lines are broken.
If you look at the previous run, this all looks very similar to the present run but on a larger scale.
Please leave a comment with your opinion and requests for additional charts.
Savvy
DASH/USD Main trend. Price reversal zone.This chart shows the main trend of this cryptocurrency. Term 1 week. The idea is to understand where the price is on a global scale and what to expect. It is advisable to trade on a lower timeframe, but a large timeframe gives you an idea of what to expect in the future.
Pay attention to what formations have formed on the chart and how they can "flow" into each other, depending on how the situation develops in the reversal zones. Now the price is in the reversal zone below the line of the secondary downtrend. Which trend will dominate in the near future depends on this zone.
If a breakout occurs and the price consolidates above the resistance of the secondary trend (the resistance of the triangle) - a complete reversal and the emergence of a new upward secondary trend. If the price fails to break through and gain a foothold above this zone, it may roll back inside the triangle to support - the next reversal zone, and this is the level of 62.22. Next, you need to see how this support will react.
DASH/USD Main trend. Timeframe 1 monthMain trend. Term 1 month. Updated my previous main trend idea (long term) posted on 11/17 /2022 before the secondary trend reversal.
At the moment, a descending wedge has formed in the secondary trend. The price is near a potential reversal zone.
The idea on such a timeframe is to understand the main trend of this cryptocurrency and where the secondary trend zone is to trade.
Old idea of the main trend.
Precisely a trend reversal from the price of $85.18 to $380 and a reverse trend reversal from the resistance zone of 380. Profit + 518%
DASH/USD Main trend. Price reversal zone.
DASH investment plan. OLD WARRIOR
I allocate 6% of the deposit for investing in this coin. The coin is an old man, located not far from our strategic investment zones.
Purchase Plan
3% of the deposit I place a limit order to buy at $93
3% of the deposit I put a limit order to buy at $67.
Sales Plan
1 target -300-330. Sale of 30% of the coins. Withdraw the invested money, re-invest. Leave free coins.
2 target 400-430. Selling another 40% of the coins. Collecting cream. There are still free coins left.
3 target 550-600. Sale of all coins. If they don’t let you take this take the first time, then you can either close free coins at any price, or leave them for 2024.
🔝DASH💥DASH is the native cryptocurrency for Dash (Digital Cash), an open-source blockchain project whose code is copied from Litecoin, which in turn was copied from Bitcoin. Primarily used for simple everyday payments, Dash was built to be a more cost-effective and efficient electronic cash system than its parent, Bitcoin. Buy Low, Sell High
🔥 DASH Falling Wedge ContinuedA while ago I made an analysis on DASH and the falling wedge it has been trading in. In my previous idea, I was looking at the yellow area for a potential break out through the pattern's resistance.
With the most recent fall, there's a decent chance for DASH to fall back all the way to the bottom support of the pattern.
Next time I'll be scouting entries is either when DASH has reached the bottom support or when we've got a confirmed break out.
DASH bullflagThere is a bullflag on dash on the daily. I opened a trade at 126 because it is the bottom of the channel (channel of resistance and support in red lines) of the bullflag. It could break out with this next daily close. wether you want to open a dash trade now or wait for potentially dash to go 126 again depends on you. Just make sure your stoploss is 120 or below! DYOR NFA.
I don't have recommended leverage or entry for this trade. Only thing I can give you is that 126 is support and 134 is resistance. best price of purchase would be 126 but that is if it even hits there again. U decide wether u think it will or not and open ur position. ALL I KNOW IS STOPLOSS 120 OR BELOW AND TP 175!