Dashbtc
Dash flag and handle/ bullish fibonacci bounceDash went for a nice run at the beginning of january and retraced nicely with nice bounces off the .50 fib and accumulating between .382 /.236 indication of bullish signs in the future. Another strong confirmation of bullish signs is the flag and handle chart pattern. In the past this indicator has been signs for bullish movement. Buy zone is 11k satoshis to 13k satoshis . With the Take profit point being 20k to 22k. Stop loss point is 10k satoshis.
Dash 202% Bullish Wave Ends? Additional 111%+ Potential ProfitsWe looked at Dash (DASHBTC) on the weekly time-frame, long-term... Many people asked for a new analysis and you can find it below:
Now, DASHBTC produced a very strong move which is clear to see on the chart. Dash doesn't do half up/half down... When it goes, it goes.
Right now DASHBTC is looking extremely bullish and is a great option for long-term holding/profits.
This is also one of the strongest and most trusted cryptocurrency projects, used to stack funds as well.
Dash (DASHBTC) Chart Analysis by Alan Masters
After breaking above MA200 (black line), prices are now retracing and testing EMA10 as support. Prices are likely to make another small jump, drop to test EMA50 and then resume the growth.
DASHBTC will start a new uptrend and grow for long.
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DASH USD what to look for next, strong potential move pendingPutting this all together, I am seeing the BTC dominance chart with strong momentum confirming to the downside. Looking at DASH USD, we find several indicators giving us an area of technical advantage. Historical volatility indicates a strong move (direction not implied here) incoming. With an upward sloping slow stoch indicator on the 2HR, we can see that a movement upward off the slow indicator with the fast, coinciding with a bullish 2HR candle above local resistance would give a favorable buy into what would likely be significant move higher.
DASH USD Daily Golden Cross with upside first targetOne of the stronger alts currently, DASH in a bullish accumulation after some strong pumps. Daily golden cross confirming as long as there is no disaster red candle. First target to upside at around 136, coinciding with 1.68 fib extension from previous local high, which also corresponds to some historical S/R.
Pullback will be expected (like target of 4HR 200 for this but will follow up), but would lean towards this move up first.
DASHBTC LONG - Keep going Hello everyone!
Adding to our previous DASHUSDT long call at 104$ the pair seems to be showing consolidation vs BTC as well.
The balance on this one is not the best but the Bullish Chuvashov forks on the bigger and smaller timeframes are hard to ignore.
Great Risk-Reward-Ratio (RRR) and Point-of-Control confluence with the entry channel.
I only see reasons to add more DASH to the stack.
Take care,
Vlad The Crypto Trade
An update for DASH/USDhere is another update as per request to several individuals.
There seems to be two support lines close together the two (white) lines around $113 - 114. and two other support (cyan) lines around $111 - $113.
- These support lines seem to be holding pretty well. Especially the white line.
Resistance:
- White resistance line: The first point I made this from was on 1/15/20 and the second was on 1/29/20. This is forming a wedge pattern with the yellow support line.
- Orange resistance line: Not much to say this could be a channel forming, since the 2nd high I am basing it off of was after the break in the last wedge.
What I would be interested in to see is if (cyan) support line holds and the price moves along that as well as to touch the (white) resistance line and come back down etc... This could be another wedge where we have a very similar break out to what recently happened but it is too early in the cycle to tell.
The thing with identifying this so early in the cycle is it could just break down and I would be at a loss. But this does have signs of promise...
my take: Possible swing trade if we get a clear confirmation of a trend and or reversal.
Not financial advice but a forecast on some possibilities.
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Happy trading / investing