Dashbtc
DASHBTC AnalysisAs of now, I'm bullish since there are two BUY signals from EngineeringRobo & if the candles will break the down trend line, I'm expecting the candles will reach to 0.027BTC resistance level.
For now, watch for the candles and if it breaks the down trend line, I will be super BULLISH!
262.43% mid to long term target.
DASH / BTC - an expected breakthrough but to where?I've been monitoring Dash the past weeks and I see a huge potential, especially as it seems a bit left off from the rest of the alt rally that we have been witnessing.
The diagram shows a very weird progression since the last impulse and I've been pondering where the fuck to place the abc correction so there are 2 possibilities in the short term:
1. Either we have set the C wave and we should expect an upwards impulse or
2. We are in the C wave now and after it finishes above the start of A wave, we would have a down impulse to set the bigger C wave from where we should shoot up.
So either way, I had entered previously at about 75k btc and will ride to the circled zone from where we should scrutinize the price action and determine whether we continue up or go down to complete C wave.
External factors:
BTC/ SPX correlation seems to have cooled off and BTC is a big boy again doing its own thing but still - I am short Nasdaq for a while which means that the overall market may tank, if it takes BTC with it, confidence in alts could go away and we will go in the red. So keep it a quick trade with a bit more looking after the position.
DASH/USD, Long, Wyckoff AccumulationEverywhere I look, I see accumulation. It feels like the bulls are just getting warmed up... And Dash is no exception. Comment below, what do you think? Will Dash follow VET's path or fail and find a new low?
Don't forget to like and sub!
See how the Wyckoff Accumulation played out for VET:
Never Trust. Verify.
D.Y.O.R . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Don't miss the great buy opportunity in DASHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00731). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHBTC 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 54.
Take Profits:
TP1= @ 0.00843
TP2= @ 0.00982
TP3= @ 0.01050
TP4= @ 0.01210
TP5= @ 0.01360
TP6= @ 0.01610
TP7= @ 0.02090
TP8= @ 0.02575
TP9= @ 0.03250
TP10= @ 0.03840
TP11= @ 0.04865
SL= Break below S2
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Don't miss the great buy opportunity in DASHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00731). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHBTC 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 54.
Take Profits:
TP1= @ 0.00843
TP2= @ 0.00982
TP3= @ 0.01050
TP4= @ 0.01210
TP5= @ 0.01360
TP6= @ 0.01610
TP7= @ 0.02090
TP8= @ 0.02575
TP9= @ 0.03250
TP10= @ 0.03840
TP11= @ 0.04865
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 ❤️