#DASH in a Bear Breakout with Resistance at $52Past Performance of DASH
DASH prices are stable at press time, following encouraging gains on August 23. The primary trend remains positive, and the pullback may represent further selling opportunities for opportunistic bear traders. This preview, gauging from how candlesticks are arranged in the daily chart, is valid, provided prices are within the August 19 bear bar.
#DASH Technical Analysis
DASH is up four percent in the past 24 hours at press time versus the USDT. Still, the coin is broadly within a bear breakout formation below the long-term support trend line and the middle BB. Furthermore, since prices are floating higher with relatively low trading volumes, the immediate trend swings to favor sellers. From the daily chart, the first level of support is at $44, marking last week's lows. A close below this mark may see DASH retrace to 2022 lows at $40 in continuation of selling pressure set in motion at the tail end of last week. This preview will, however, be null should DASH bulls force prices above $52, reversing the losses of August 19.
What to Expect from #DASH?
The primary trend is bearish, and the coin is within a bear breakout formation. The relief rally of August 23 may be short-lived if there are no sharp gains above $52. Any reversal below last week's low may see even more liquidation in the short term.
Resistance level to watch out for: $52
Support level to watch out for: $44
Disclaimer: Opinions expressed are not investment advice. Do your research.
Dashusd
$6K Per Coin, Then $34k Per CoinUsing the Fibonacci Retracement we should see Dash push to $6k per coin during the next bull run. However, there is an even more bullish scenario for Dash if the 5 wave Elliot Structure holds true in a super cycle. In which case, we could see Dash trading for $34k per coin
DASHUSD AnalysisA long term view for DASH
The previous break out was due to a relatively large ascending triangle
The top resistance of this pattern can be used for a following pattern of a symmetrical triangle, which is much larger and yet to break out
Similar top points above the hammer
Both patterns are bullish
Daily timeframe
BItcoin pullback and then bull move?Btc has been falling like a rock however, it looks like it has been supported at the 18k mark could there be a fib pullback or it becomes a reversal back to the short side. On the 4 hr 200 ema the price it touching the ema could for sure be major resistance. KUCOIN:BTCUSDT
Quickpost: Comparing W patterns on Dash and EthereumI am taking this almost purely as a pure chart formation play. The Fib draw is from the bridge of the W and that was very effective in target setting ethusd last uptrend. The blue dotted trendline is where I would suspect price would stall and create some uncertainty in Dash just like it did with Eth. Of course, that may be aggressive and a look the W on btc with the same draw show price only reached the 2 fib level before coming back down. Partial profits will be taken, of course, as we move up.
As I look at the DashBTC chart this gray area looks concerning as if the pair could stall and that would mark highs on Dashusd. I will be looking for confuence with Dashusd at a major fib level while dashbtc approaches the gray area.
Dash coin has formed a huge Gartley for upto 1187% big moveHi dear patrons, hope you are well, and welcome to the new update on Dash coin.
Previously we had a nice harmonic trade on a monthly time frame:
Now again on the monthly time frame, Dash has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Does the Dash currency have any growth prospects?Today is a global review of the DASHUSDT trading pair.
Probably not many current crypto participants remember this, but at the end of 2017 in early 2018 at absolute highs Dashcoin was worth almost $1600.
And then the dark times for Dash investors began, as the $50 level the third time in 4.5 years pulled a price to them
By now, the Dashusd price is trying to get a foothold above $50. This maneuver gives a chance to suppose that in the coming weeks/months we might see a rebound up to the level of 115$ on the chart.
Then in the area of $115 will be decided the fate of the Dashcoin's price further movement: the continuation of growth to the area of 200$ or down to 50$ again.
But we will write about it in our further reviews of Dashusdt pair, analyzing the actual trading situation on crypto in the future on smaller timeframes, looking back at this global chart of Dashusd price.
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Dash (DASH) Sell ZoneDash (DASH) Sell Zone
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BIAS
Short-Term : Bearish
Risk : Medium
On lower timeframe Dash is showing short-term weakness and could easily tp gp for retest in this zone.
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$DASH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 56.1 - 56.9
TP 1 : 54.8
TP 2 : 53.8
TP 3 : 52.2
TP 4 : 51.1
TP 5 : 49.9
TP 6 : 48.8
TP 7 : 47.2
TP 8 : 45.7
Stop Loss : 58.3
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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DASH/USD Main trend. Price reversal zone.This chart shows the main trend of this cryptocurrency. Term 1 week. The idea is to understand where the price is on a global scale and what to expect. It is advisable to trade on a lower timeframe, but a large timeframe gives you an idea of what to expect in the future.
Pay attention to what formations have formed on the chart and how they can "flow" into each other, depending on how the situation develops in the reversal zones. Now the price is in the reversal zone below the line of the secondary downtrend. Which trend will dominate in the near future depends on this zone.
If a breakout occurs and the price consolidates above the resistance of the secondary trend (the resistance of the triangle) - a complete reversal and the emergence of a new upward secondary trend. If the price fails to break through and gain a foothold above this zone, it may roll back inside the triangle to support - the next reversal zone, and this is the level of 62.22. Next, you need to see how this support will react.
DASH/USD Main trend. Timeframe 1 monthMain trend. Term 1 month. Updated my previous main trend idea (long term) posted on 11/17 /2022 before the secondary trend reversal.
At the moment, a descending wedge has formed in the secondary trend. The price is near a potential reversal zone.
The idea on such a timeframe is to understand the main trend of this cryptocurrency and where the secondary trend zone is to trade.
Old idea of the main trend.
Precisely a trend reversal from the price of $85.18 to $380 and a reverse trend reversal from the resistance zone of 380. Profit + 518%
DASH/USD Main trend. Price reversal zone.