DASHUSDT trade ideas
DASHUSD -LONG SETUPDASH from a daily perspective has now reached a very strong support zone for this market, this zone will have alot of buy orders and demand.Also on the daily market has now printed this nice M formation in which we expect to complete at the neckline giving us our first upside target. Also on the daily yesterdays candle closed in the form of a nice DOJI adding to our confluence. We will be waiting on lower timeframes for market to meet our entry rules, ONLY then we will take the long.
📌DASH buy zone#DASH/USD
📌DASH buy zone
🔹Analytics: the 200$ level is a strong psychological level, breaking the counter-trend line will have a positive effect on the upward plan.
💢Targets:
❌224 $
❌250 $
❌278 $
Potential price action DASH.If DASH breaks to the upside of the Descending Triangle, we may expect the price to reach the target of 320.
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.
Bearish take for DashMost of the people think Dash will break a triangle and go up. This on the table, but right now the long term of Dash is looking quite bearish to me. We are going to close a daily candle about 1 hour from this being posted, and that daily candle closing below the bear flag support line would make it active.
KEEP IN MIND! There is a pretty strong support at the current price level as shown on the chart with the white support line at the triangle bottom. The optimal entry is to short on the break and retest of the support level. So no trade will be active until that happens, and we also need at a 4 hour candle close below this level. The idea can be invalidated with minimal loss if the support level is reclaimed. We are also willing to take the bullish side of this trade if the triangle shown in white from the smaller time frames can be broken to the upside.
Low risk, high reward, low probability to succeed.
DASH ready to explode!The bears failed to break down the support at around 200 usdt level. The Bulls will now take over and send DASH to the Moon!
RSI Divergence on DASHFirst target will be 222 because it is a really string resistance but Consolidation above 222.5USDT would show us a Strong movement. after that 227 , 230 , 236 can be achieved.
DASHUSD as per request.Looking at the short term group of timeframes (90, 3h, 6h, 12h)
In the 90m and the 12h the Energy is higher than the Green EMA indicating bearish sentiment.
The Red RSI has made contact with the Green EMA as it falls in the 6h, if we close like this we will see the Energy cross below 50 in the next candle. However the Bollinger Bands are quite tight and contracting, the Red RSI & Blue LSMA are above 50 and rising so we would not expect a particularly significant drop in price action and we could see the Green EMA turn back up judging by what we can see in the 12h where the Green is still rising and the Blue LSMA and Red RSI have turned up and Red RSI is about to cross above 50. For now we can expect to continue trading within a relatively small range.
Near term group of timeframes (1d, 2d, 3d, 4d)
The Green EMA is higher than the Energy in all timeframes in this group indicating upward pressure. It looks like the Red RSI will close in nearly 5 hours in the daily making contact with the Green EMA as it rises and the Energy should cross above 50, however the BBs are tightly contracted and the price action is unlikely to rise considerably in this timeframe but we may see a higher high due to the Green being higher than the Energy, however with the Blue LSMA still being below 50 we are unlikely to see price action go much above the White/Aqua upper Bollinger Bands.
From what I can see at the moment we are not ready to make a move in either direction and are likely to continue trading in a tight sideways range for now.
Mid Term timeframes also showing upward pressure.
This remains in my opinion a good hold but not ready at the moment for any decisive move.
Mid Term
Short Term
Dash is close to a breakout!As we see in the chart, the candles finished a triangle. Highly possible to breakout and bounce on the cloud to go higher.
Dash Potential MovementFebruary gave Dash a lot of gains and a lot of pull-back toward the end of the month with March showing slight gains (compared to Feb movement) and consolidation a couple of times so far. As of now it is testing the support area around 223.5 as we approach a 17 and 9 period potential Kihon Suchi reversal area. If the support holds there are a significant amount of resistance areas to the north, particularly around 230, 245, and 270.
If the support around 223.5 does not hold and price breaks down through the Kumo, there are supports around 205 and again potentially around 196 with not much to hold it up after that until around 147.
Ichimoku indicates a bearish trend right now, with the Senko span crossing the price-line and the Tenkan/Kijun crossover.
As always, comments and ideas are welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
KUCOIN:DASHUSDT
DASH - Good level to buy- Coming up off a previous level of support and;
- on the edge of the Pitchfork
- Great RR on this setup
- Target the upper median line.
Long TradeI work out a Bipoon signal to buy DASH. An attempt to break through local highs on an uptrend. I hope it will work, since the signal has arrived.
