Dashbtc
I don't want to Wash... So, I got some Dash! Dash is one of the altcoins that got my attention this week and I started to accumulate some... It might not be a good time to buy during this bear market, but we should keep an eye on DASH!
After breaking out of the triangle, I assume that Dash will start moving up and make profits.
· we are in the reload zone
· break out of the triangle
· we have a divergence which is a good reason for a trend reversal
· the risk reward ration is 5,27 ( mathematically this is a great opportunity )
· MACD and RSI are easily becoming bullish
Disclaimer :
My ideas are never financial/invest advice! For a favorable outcome, make your own research!
Don't forget it's all about patience and positive thinking!
Feel free to share your thoughts on the comment section below.
If you like my idea, push that like!
$DASH Potential bull flag formation...$DASH Potential bull flag formation over support at ~21027sats.
RSI showing a hidden bullish divergence signaling a reversal in current trend...
MACD slighty bullish... Breaking above EMA50(green) could act as trigger IF volume appears...
Potential targets on the chart #DASH
DASH keeps trending down, short entry investment signalAfter testing the top trend line of the downtrend channel where the crypto pair has been moving within the last days, DASH continues showing a bearish mood, which indicates short entries are the way to make money with this Cryptocurrency during the day.
DASH/BTC in a falling wedge, short-term.DASH has been in a falling wedge since Feb 19, if it manages to do a breakout the price will rise to 0.021850, if the price drops bellow 0.02060 the price will test the 0.020000 support.
Instructions:
Buy DASH at 0.021050
Take profit at 0.022100 or 0.023050
Stop loss at 0.020550 or 0.019850
DASH/BTC flagging up ready to make a decisionDash has had a good steady increase in volume on the daily and after the last push its had a nice healthy retrace forming a descending wedge and respecting the fib levels with a nice bounce off the 50% and now holding onto the 38%
have entered here between the 38 and 50 but have laddered buys down to the 618 incase we get a lucky dip or this wedge takes a little longer to play out, stops below the 618 but have plenty of room for a wick out.
shooting for the 1.272 extension which i can see a supply block there thats been respected and rejected there a few times already, playing it safe for a 12-15% push.
A trading opportunity to buy in DASHBTCTechnical analysis:
. DASH/BITCOIN 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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02092000 to 0.01772000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02092000)
Ending of entry zone (0.01772000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02589200
TP2= @ 0.02822700
TP3= @ 0.03294000
TP4= @ 0.04231000
TP5= @ 0.04986000
TP6= @ 0.05745000
TP7= @ 0.06824000
TP8= @ 0.08202000
TP9= @ 0.09200000
TP10= Free
A trading opportunity to buy in DASHBTCTechnical analysis:
. DASH/BITCOIN 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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02092000 to 0.01772000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02092000)
Ending of entry zone (0.01772000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02589200
TP2= @ 0.02822700
TP3= @ 0.03294000
TP4= @ 0.04231000
TP5= @ 0.04986000
TP6= @ 0.05745000
TP7= @ 0.06824000
TP8= @ 0.08202000
TP9= @ 0.09200000
TP10= Free
DASH-BTC Long Trade PlanCommodity : DASH
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 3.55% to 13.25%
Prospective Loss : 2.14%
RRR : SL to TP1 is 1.66, SL to TP2 is 2.83, SL to TP3 is 4.28.4 and SL to TP4 is 6.2
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)