DASHUSD trade ideas
Dashusd 50/200 MA weekly could hit a golden crossI also copied the puell signalling just for fun, it gives a buy signal apparently. I am a newbie on this so do not take this as trading advice. But as you can see the 200/50 weekly aveerage only hit a death cross a few years back, now it is very close to hitting the golden cross.
DASH:USD Wyckoff Accumulation, LONG, Markup is coming...These mid- large caps have been frustratingly slow compared to all the action we've seen in the hot DeFi projects. But since DASH has undergone a large Wyckoff Accumulation; I'm predicting there's a large markup period still to come. It's proven difficult to time DASH this cycle (along with similar charts- EOS, LTC, BCH etc) so rather than try and time it; I'm trading this as a longer term investment. Entered at ~ $90 but I'm considering adding or taking another short-Mid term trade around here. The opportunity for a relatively quick (<6 months) trade back to the top of the range at $495 has a potential for + 190% profit... Tempting.
Short-Mid term trade:
Entry: $110 -$220
Stop: $74
Target: $495
Long term investment:
Entry: $110 -$220
Stop: ZERO- I have sized my position to allow for complete loss of investment. < 1% of portfolio.
Target: $20,000 😂 - I know; sounds stupid. But that's the target the chart is giving me. All or nothing for this one.
Checkout how the Wyckoff Accumulation pattern played out for VeChein (linked Below)
Never Trust. Verify.
D.Y.O.R . Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
ECT paving the way for DASH to $5600 I love finding leaders and lagers and this seems like a perfect example. Its easy to see the similarities in these charts- they're not exactly the same but wow are they close. The last time I noticed something like this BTC had just hit 20k while ETH was still at $500 (see below). Just like BTC was leading the way then; it looks like ECT might be leading DASH (& others) now. The ball's in your court.
There are a few way to tackle this trade;
Entry 1: here $125 - $131
Stop 1: tight $124.5 or loose $120 depending on how aggressive you want to be
Entry 2: on retest of breakout
Stop 2: below the retest pivot
Entry 3: on a test of the lower trend line
Stop 3: below the pivot at the trend line or on the break and close below trend line
Entry 4: on retest of breakout
Stop 4: below the retest pivot
Target for all of the above at your own discretion. I'm treating this as an entry for a longer term position; so I'm holding it for much higher prices.
Trade ideas:
BTC leading ETH:
Never Trust. Verify.
D.Y.O.R . Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
DASH: Swing Trade EntryDASH/USD Swing Trade with a 136.4 entry point. I'm using this chart to track the trajectory.
I regularly seek out the most lucrative cryptocurrency swing trades available on all the major exchanges.
My win rates are between 80-85%.
All my charts are clean, straightforward, and easy to follow.
* Not financial advice. Trade at your own risk.
DASH/USD (100 Dollars Strong Support?)💎Technical Analysis Summary💎
DASH/USD
-The 100 dollar range has been a key area of interest of DASH
-We can see multiple reactions in this zone since 2017
-If DASH can hold the price above 100 dollars
-Expect a good bounce up action will happen in the coming months
-Perhaps if the overall market condition is in good shape
-The chances to retest the 500 dollars increases too
-For now, let us wait for a few weeks if the bulls can form a support
-Good luck traders! :)
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Why? Do you have a problem with DASH at $10k+ by 2023?I hope this is clear enough for you all.
I also have the stream that you can see my thought patterns when we look at the DASH
__REVIEW__
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I would say this was a solid TA :)
additionally a stream about DASH -- Skip some 10 mins maybe or so as i was getting started
www.tradingview.com
Fractals are quickly set up, accuracy is within acceptable error range.
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
Signs that show DASH has long ways to go !!!Dash had a 74% correction in 2017 before its last leg in the bull run ,In 2021 we're seeing very similar things playing out with a massive 80% corrections .
But looking out at the grand schemes of things Dash doesn't look all that bad !!!
Looking at the bear market of 2018-2020 ,we can clearly see a inverse Head and Shoulder forming.
Dash is lagging behind in this market cycle as it has still not reached out to its major fib retracements levels i.e 0.618/0.702/0.786
But Dash is very near to its 2017 March Peak which has acted as a level of S/R and break of this S/R would clear the picture very well and I see a bullish break anytime soon based on the BTC position in this market cycle .
Dash is very far from its 2017 peak and based on the fib extension from the top to bottom we get a target of about 6500usd .But before that using the rally prior to BTC capitulation placing the 0.236 fib extension on it ,
we get a target of about 3500usd which may act as a hurdle and that could be the top of this market cycle for dash but break of it would lead dash to 6500usd.
Using the fractal from march 2017 Bull run ,we can see it extends to near full 4.236 fib extension levels.
Seeing the on-chain data of Bitcoin and rest of the crypto market as a whole , things look optimistic.
#NFA
#DYOR
Possible bottomMost recent bottom is at the 1.13 fib level with a deep candle shadow. Dojis and long reaching bottom shadows often find support. But not always )o: I like to place stop right under them though. It is like the bears fight so hard to take a security down, but they have "issues" at a certain level. The bulls will not give in to that level, for now anyway. The bulls fight back and bring price up from the long bottom wick/shadow.
Which would be a deep shark as a "regular" shark ends at the .886 on the CD leg.
The only 2 harmonic patterns that have peak 2 above peak 1 are the cypher and the shark. The shark has 2 versions, the deep shark, and the regular shark. The cypher terminates at the .786, so this is not a cypher.
Until BTC and ETH straighten out, this could be a crap shoot.
Just looks like a possible bottom but may be me wanting it to be because I am invested in this coin.
No recommendation
Always look to the left (o:
No pocket pivot as of yet. This could go lower/just hoping not.
$DASH CRASH? Or Buying Opportunity?NOTE: we successfully back tested the prior 2017 mid cycle peak to perfection. That peak was also followed by consolidation, yet went on to rally over 1200% after. Its also important to note that this has all been done within the confines of our weekly trend channel :)