Dashusd
DASHUSDT : Potential double bottom and TP..In 4h chart
There is a potential double bottom in the 4h.
If price break out and stand firm above the neckline ,trading strategy as below.
SL: 139.9
TP1: 170.7
TP2: 176.0
TP3: 181.6
TP4: 187.2
TP5: 205.4
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Dash USD - Buy and hold for 2022Hello Traders and Analysts,
Welcome to 2022.
This year, less posting, but more closer measurement analysing a smaller group of pairs.
This refines analysis and provides clearer insights, while the principles of investment are still covered in detail.
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Note* this analysis is a positional accumulation using a cost average upon positional aggregation. Short term losses incurred will not be realised, instead buying opportunities will be added. For CFD purposes, positions can be added with wider stop losses but minimal risk lost.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Scarlet - Four day
Orange = Daily
Green = 8 Hour
Grey = 4hour
Pink = 1 hour
Monthly Imbalance for buying
The main criteria for longs
Strong wicks showing that the zone has failed to close within the imbalance.
Net close out of the imbalance using August 20 - this coincides with the new monthly wicks proceeding creating higher highs.
We have an inside bar which essentially on the monthly provides a bear trap - look down below for the weekly to see the change of hands closer.
Looking left, the monthly candlesticks have created moves to establish supply imbalances.
Adding supply imbalance as targets
Structure understanding
Using the Fibonacci from price formations - this has established zone for profit targets and change of hands zones which is a logical positional play in technical analysis.
Things which are critical to understand here
The swing low of the Fibonacci starts at "1", whereby price has established a strong imbalance candle
The other established area is the retracement from the high, which >90% confidence within back testing scenarios across 11 crypto pairs, the established supply imbalance from the "0" or top of the swing - (which also aligns with a previous wick close). Price will look to a weekly pivot point.
Price will extend to -0.618 or 1.1618 Fibonacci, which will provide a zone where price will enter a profit taking zone and subsequently a over buying imbalance and now create a selling imbalance. Not the previous top wick closes in line with the bearish open price.
Weekly Imbalances
Daily Fibonacci Sequence completed
Price now has to break the following levels.
I'm aware on the weekly a short opportunity is still present as the monthly zone can still be tested to buy at $108-100 zone, but the monthly also shows a positional change of hands from supply to demand imbalances.
If the scenario where a rejection of either -0.27 and or -0.618 is present, then sell positions can be added to hedge or await buying due to the nature of a bear trap in smaller timescales.
Let's view the Fibonacci chart
The swing high and swing low can be applied, measured sells between $245-$222 would have been a high probability of a selling imbalance, this is due to the gearing of daily candle sticks forming a basis of structure which on the three day chart shows the netting off, where the imbalance meets the close out.
1.1
Here is the three day chart, which shows the selling imbalance where the netting had occurred. (note, on the weekly the wick created a half weekly high within the imbalance zone).
What now?
Well, two scenarios will occur for the bullish curve
1. being the likelihood of a buying position from a breakout of the buy where price will climb after being squeezed but creates lower highs on the daily and three day chart.
2. The second scenario, is based on the imbalance being retested on a deeper correction whereby the -0.618 or on a higher timeframe, Monthly* - the correction will be based on the wick low (looking left).
So long as the chart pushes up and to the right, longs are activated.
Buying zones - daily, removed
Crypto dominance
Possibilities
Since it is impossible to predict paths understand scenario analysis I have concluded these two scenarios to create two pathways, there are opportunities to buy accumulate positions here.
Orange - follows closer to a daily timeframe
Weekly - downside can still occur, but will tail off due to additional volume, cash conversion to buying, profit taking from sellers to buying inputs.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
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Thanks,
LVPA MMXXII
DASH - TP/SL for getting rid of this trend lineBYBIT:DASHUSDT
1H trend chart
-
DASH is squeezing under the downtrend line.
If price can break out the trend line, we can have a trading strategy with 2.92 R/R ratio.
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Profit Targets:
a) 162.95~167.6----Fib(1.272~1.382)
b) 177.6----Fib(1.618)
c) 193.8----Fib(2)
Stop losses:
a) 146.5-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DASH Waiting For Money To Flow In - 1100% Just To Its 2018 ATHDASH is one of those forgotten coins, or so it seems like. I remember being above 1k in 2018. Even though it has not had the chance for a rally yet, i believe it will happen eventually as there is a lot of money in BTC and ETH to be rotated out of into the laggers enclouding DASH. It has 1100% just to its previous ATH. I specifically turned on linear scale for you to see just how undervalued this asset is.
I am not a financial advisor so non of this shoud be taken as a financial advise. Be Well.
KRAKEN:DASHUSD
DASHUSD Trend Line DASHUSD Trend Line. Trend Line Is Positive Slope. Trend Is Up. See how EMA 10, EMA 20, and Trend Line have a positive slope. These conditions are a sign to wait for a price action to form.
DASH - Breakout and TP/SLBYBIT:DASHUSDT
1H trend chart
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DASH is breaking out the long-term downtrend line on 1H
If price can keep being here, trading strategy as below.
-
Profit Targets:
a) 133.3~134.1----Fib(1.272~1.382)
b) 135.85----Fib(1.618)
c) 138.65----Fib(2)
Stop losses:
a) 128.30-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DASH Goes Orange... Bullish Setup Hanging on by a Thread!Dash (DASHUSD) pulled back very hard again breaking below our previous low of 146.88, which means that we did not actually complete that pesky subwave-(ii) pullback that we THOUGHT we had finished back on September 28th. Therefore, our PURPLE primary pattern has invalidated , leaving the ORANGE pattern as the new primary . This means that our the subwave(i) remains the same, but now we have a deeper subwave(ii). LTC and LINK are also in a similar situation at the moment.
Our new ORANGE pattern subwave(iii) target projects between 453-576 while the subwave(v) target projects between 669-850.
The ultra-bullish GREEN box targets overhead haven't changed as they lie along very strong Fibonacci confluences. There is still a chance DASH can extend to those, but we are in a precarious situation.
There is major support at 101 below, and breaking that would mean we ARE following the bearish RED alt pattern which could take DASH all the way down into the 60 range. We've seen similar action in BCH, ETC, and EOS. In the near-term, it does look like DASH could get a lower-low. While BTC and ETH, which lead the crypto space, had been keeping things bullish all this time, they are getting dangerously close to breaking their own supports, so keep an eye on those! Ethereum must hold 3500!
It advisable to buy via DCA, dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process.
This subwave (v) top should coincide with the major top in BTC and ETH and will likely precede a ferocious crash across the crypto sector. This would be a great time to take profits and reallocate into other asset classes or Stablecoins. We may see a multi-year bear market specifically in Bitcoin and Ethereum, but many altcoins may see a shallower, more brief pullback followed by their own rallies to record highs DURING this time.
Farther out, there is a very strong, high-confluence target of 8233 that looms within the realm of possibility! While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH).
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#dash #bitcoin #ethereum #blockchain #litecoin
DASH gets Gut Punched but Still One of the Most Bullish Cryptos!Dash (DASHUSD) pulled back so hard that we did break our previously-primary purple pattern and are now following the orange alternate pattern. The orange pattern calls the recent low the actual subwave (ii) while the purple subwave (i) remains as-is. LTC, SOL and LINK have also followed a similar pattern in which their nested 1-2,i-ii setups may have invalidated, but they did not completely reset their structures the way BCH, ETC, EOS and FIL have.
If you're feeling the need to BTFD (Buy The Freaking Dip), this may be a solid time to buy Dash. As the rally does take off in the 3rd wave, it will be prudent to shift to DCA , dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process.
While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH). Stay tuned for my big picture charts on Dash, which include price targets!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this analysis is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#dash #bitcoin #ethereum #blockchain #litecoin