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Dashbtc

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.
Long
by AlanSantana
2
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.
by MonoCoinSignal
25
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.
by ShawnMCR
16
Dash vs Bitcoin Update (Increasing Volume)We are looking at Dash vs Bitcoin (DASHBTC) since the older major altcoins are preparing for a nice bullish wave. Here we can see a strong breakout around 13-June with really high volume. After the 24-June peak a retrace took place and now DASHBTC is trading within an accumulation range. We can see high volume on 30-June and 11-July (Yesterday). Just as we mentioned with ETCBTC (see Related Ideas below), the Fib. retracement levels work as support. We have the 0.5 Fib. but also the 0.618 which is normally the stronger one. The market can bounce at any of these levels or continue lower... While above these levels, we stay bullish though. If prices move below our support, then the chart setup is lost and we have to find a new one or wait for a new setup to develop... We don't buy/trade nor recommend buying/trading all the charts we share here. We share many different charts because we have many different readers. We focus on the bottomed out altcoins, near support which translates into low risk and high potential rewards. There is always risks involved... We just make sure that the risk is low with a tight stop-loss. We aim high to go higher. Thanks for the support. Namaste.
Long
by AlanSantana
2