Dashbtc
Dash- Undervalued sleeperDash was one of the first few Altcoins bursted onto the scene in 2014 and the second most famous anon coin in terms of transaction volume and active address behind Monero (XMR) even though strictly speaking it is semi-anon because its PrivateSend feature is optional.
Dash is one one the few fundamentally sound coins in the top 50 coins in terms of marketcap that has performed relatively poor against BTC in the past few months and remains criminally undervalued because it is still about 95% down from its ATH.
I would scale in slowly now and build up the position through the dip even though the current price lvl is literally right underneath the major resistance. The upside is tremendous and Dash will likely boom when the public attention switches to Anon coins.
$DASH, retest of support level around ~740k sats (good for entry$DASH
Current BTC activity lead to a retest of support level around ~740k sats (good for entry)
Overall picture didn't change much, still breaking from multi-year descending trendline w/ UCTS buys on HTFs
Once volume (IF) starts flowing in, aiming for 0.01sats per #DASH (~40%)
DASH / BTC - facing resistance but trend looks goodThe previous analysis fell a bit short with Dash moving a bit lower prior to going up only to come down and test previous low but bounced back from it. Volume is shaping up but I would want to see a close above the immediate resistance zone above for more upside.
DASH BTC LONG - GOOD SETUP1-retest of the triangle breakout to the upside
2- successful retest of the point of control (red line) meaning that buyers are in control
3- just trying to breakout the 0.008 resistence which also corresponds to the upper part of the retracement area (blue box)
A close above that level would be bullish up to the second blue box (fibonacci extension) which is at least a 16% gain.
DASH/BTC (Back @ Key Area)DASH/BTC
-Dash started making a move after breaking the local resistance
-The local resistance was previous support flipped into resistance
-This is a strong confluence of previous trading action
-If DASH can hold the 8000 sat range in the next few days
-There is a chance to break the midterm trendline resistance
-A trendline breakout confirmation will lead to more upside scenario
DASH is testing historic key levels-Wants To Go UpBINANCE:DASHBTC Looks Primed to go up but it needs more volatility. Wait for daily candle flip then its clear to get in.
We are testing 100 DMA on the daily. And overall action looks similar to January levels.
Tk Cross is taking place on today's daily candle.
If it keeps gets traction then we can target EMA 200 and EMA 300.
Tip:Take most of targets at first tp zones. you can trail them up to final TP point which is a long term target.
Always use stop loss and never bet more than you can afford to lose
This idea for educational purposes to help you in decision making.
Happy trading