DASH/USD soon to break the Rising Wedge Hello everybody.
I just wanted to share this pattern quickly with you all.
So the analysis will be short.
- RSI is in the bullish part of the mid zone on the 12 hour pointing up. ( bullish )
- The Stock Indicator is in the "oversold" region - Means we can continue going UP but there is a pullback waiting within 1-2 weeks I would say. ( Neutral )
- My secret indicator is pointing UP and that there is room for growth ( bullish )
- Dash is moving slowly but surely up through the whole pattern - ( Bullish )
- The crypto market is continuing up/consolidating from what I see today.
I would say anything can happen within 1-2 weeks but if we see a pullback DASH should recover and continue it's projected UP or DOWN trend ( the direction DASH breaks the formation ) But DASH is most likely going up together with the other alt-coins and bitcoin. Dash has just been gathering strength to continue its climb UP after the crazy Pump it had 1-2 weeks ago.
Have a great day and remember to trade responsibly.
Confucious
Dashusd
bittrex dashusd no breakout of triangle yet like krakenshowing the chart for dashusd on bittrex to because unlike krakens it hasnt broken out of the pennant yet..also put a lower breakout target in case it only counts the triangle and not the the pennant and its around $175. On both exchanges however the golden cross should occur by the next daily candle so I'm, still very bullish
Kraken DASHUSD chart eyeing goldencross by tomorrow! Target=$220Haven't checked dashusd on other exchanges yet for confluence but on the Kraken exchange it looks ready to blow! *not financial advice* . We see here a symmetrical triangle in an uptrend attached to a flag pole= bullish pennant. If it reaches the pennants breakout target we are looking at a target of around 200-220, if it only reaches the triangles target it will be considerably lower but with the inevitable impending golden cross I anticipate it will reach the full breakout target.
Dash/TetherUS TrianglePotential Short
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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.
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.
Please like if you gained anything out of reading this.
Happy trading / investing
Update on DASHUSD 2hrWe are trading within a new trend support line (purple)
I am looking for a *full* 2hr candle (open & close) above the resistance line (yellow).
If this happens I believe we will go up to 125-130 then correction to test the old resistance (yellow) as the support.
This alt-coin is looking really attractive for me right now :)
A little analysis on DASH 2hrthere are 3 trend lines I saw and drew, the first is gold, 2nd is blue, 3rd is purple.
At trend line 1 after the first intersection the price bounced up.
Trend line 2 after the intersection, same thing happened.
Trend line 3? well they call it a trend for a reason lol
It seems that were headed back towards the supporting line on the most recent trend line (3). If it holds that support then the price will move towards $117 - $120.
If we do not hold support then we are looking at levels around $85-$90.
However I do believe that the symmetrical triangle that is forming on trend line 3 is an extremely bullish signal! Especially since we just had a massive pump on 12/14 - 12/15.
If you have any questions please ask away or if you disagree let me know.
Also I am trying to get my name out there so if you wouldn't mind hitting like if you liked my post
This is not investment advice... Im just some random on the interwebs
DASH INFLATION RATE CUT APRIL 2020, ATH THIS YEARIMO Dash this year will go for ATH, we could expect 600$ between April-June this year. The chart on all times frames is a buy with decent volume. The inflation rate being cut is also a bonus, it has low circulating supply and a healthy amount of active addresses.