DASHUSD trade ideas
DASH - Waiting For Breakout!Hi, this is my new update for DASH. After three days with red candles we are smashing all of them with one big green candle. Right now we are in a critical moment, first of all we have smashed both 100D moving average and 200D moving average at the same time and if today we close the candle above these levels then we are good to go, but we have one big trendline that we have already been rejected 6 times, so it is very important to get through it and close one candle above it. If we break the trendline the next stop is to test the resistance $215 and if we break that too then we are ready to fill the gap between $215-250. I expect professional traders are going to take positions when we close the candle above the trendline and we are going easily to break the $215 resistance. So be patient and don't PANIC ;)
DASHUSD ForecastDASH is rising but there is significant resistance at 198.041
Our potential target is 203.133 and the bias is 205.956
*It is a lovely coin, I heard that it was built upon a beautiful concept. I just don't remember what that concept was though.
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
144. & 132 ifA retest of 220. on light demand would provide a good sell entry. Or a break directly under 185 on SOW.
Having to be careful and sure supply is in overweight because 185. did show some resilience in the past, which price could just also move straight upward from there.
Break upside 220. would make me aim at 245 as scalping buy area, and then look again for a sell entry around it.
Now testing support... ain't little time frame being stagnant.
As for the;
Monthly
On the first 4 months of the year, there was a lot of effort from demand that was put on making the price go higher.
Which from where price then get pushed to the upside to 280, on barely effort from demand. Which make sense from selling interest that took a break, which is probably the main reason why price got even pushed higher. From which we can see because once it reach the 292 area it start showing having barely buying presence, and more of selling that took a break this time, from price wicking the zone with a easy stop in action.
At the same area that showed important demand weakening back at the beginning of the year.
On the weekly..
Daily
Stating for now that buying interest ain't much of a presence.
No matter the direction it goes, there's many opportunities as for both side. The question is will it retrace upward before moving downside, or will it move straight downside. And as I read the volume for NOW, if it do retrace upward, unless there's a wave of buying interest emerging, it shall not retrace that much up or it will just move straight down.