DASHUSDT trade ideas
Will DASHUSDT pump again ? After the 300% growth of the dash due to the Chinese New Year, there is still evidence of the growth of this currency.
If Bitcoin builds in the region right now, we can expect Dash to rise to its previous level ($ 330).
Dash Perpetual Futures Prepare for the 40 % Breakout Dash is currently Trading within a falling wedge
and rejecting at the POC on the 4HR TF .
On the 1D TF we can see clearly whats happening
after ATH was printed we are now moving between
S/R .
I anticipate that we make our way down to
print another LL with support and confluences
at the support line of the wedge with the .786 fib
and the 100 EMA and a
Volume profile match to give us a bounce off the support.
With a close outside of the Resistance for a Long and SL placed
below the last swing low for a potential 40 % gain .
This is determined by measuring the wedge opening .
As demonstrated in the chart ...
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dashBINANCE:DASHUSDT
If the price can break
the previous ceiling and enter
the indicated range,
it can move up to the ceiling
of the range.
Dash vs bch Did a comparison on the chart scales bch chart vs bch. Look how similar they are moving. I think dash is about to breakout
DashOne more potential veiw here is we are holding support here and broke out so if we can hold support above we could
Be potentially going sideways until we break 250 area let’s see what happens
DashIf we can’t break 254 area and hold support could break down from potential rising wedge to 234. If this area holds as support I will most likely put a long in if all looks bullish still. But I am watching closely
Dashhhh. All eyes on dashTesting heavy resiatnce. Extremely over extended here but some supports market below mid these levels can hold if it pulls back here I think we can find an excellent entry position. Other wise 250.50 area is an area that needs to break and start closing candles above and consolidate here turning into support and can be geared for a big run
Dash: send it!Broke out of the pennant
Above the previous resistance
Buy after pullback
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DASHUSDT seems to be working on a breakout move...Letting the chart speak for itself here. A 4hr close above resistance level could suffice as confirmation but a daily close is always better. Not trading advice. DYOR.
Potential price action DASH.If DASH breaks to the upside of the Symmetrical Triangle, we may expect the price to reach the target of 340.
Remember: when trading the breakout, wait for a breakout confirmation.
Green= Support
Red= Resistance
Disclaimer: this is not trading advice, trade at your own risk.
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My PERSONAL view on DASH short term, let me know what you think.My personal view on DASH.
This is my view and for entertainment purposes only. This is not financial advice.
Let me know what you think.
Best,
DASHUSDT1st scenario: If it can break the resistance line It has the potential to increase up to around 240.
2nd scenario: In case it cannot break the line it may go lower than the current support line (strong support). In my opinion, this is less likely to happen since BTC is currently is in a steady-state (will not reduce more and may increase beyond 70k).
This is just a personal idea.
Let's see what will happen :)
DASHUSDT Support And ResistancesThe analysis I make is just an idea not an investment advice. Please manage your risk while trading and please make your investment decisions only by yourself.
