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
DASHUSDT trade ideas
DASH - 6h. Probable growth of 23%Exactly a month ago, we published a global DASH idea, where we showed two important targets:
Buyers managed to pass the mark of $330 . However, the buyers did not have enough strength to keep the local range of $257-267 . Thus, the DASHUSDT price has reached the critical support zone of $210-230.
At the moment, the DASH price is moving in a clear growth channel and is preparing for a new local impulse. The first target for this coin is at $267 . The ultimate goal is $290.
If buyers fail to hold the mark of $195 , the DASH market will continue to fall with great force with the first local target of $165.
Considering the situation on the BTC market , we do not exclude this scenario:
The DASHBTC chart adds a relative positive on the DASH market:
As you can see, the DASHBTC price has come to an important level and is now consolidating in the liquid zone. While we will not announce a change in the trend, however, a price rollback within the falling channel is quite possible.
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DASH 12h High is nearlyWell, the next forecast price movement has reached its goal, and now it is DASH
On the rise, the DASHUSDT pair easily broke through the $210-230 zone upward and fixed a maximum of $298
After that, there was a rapid fall in the DASHUSD price, but it was also aggressively bought back above the mentioned zone.
Well, now the level $286-289 is the Rubicon
Above it, there will be a chance for growth to $330-340
If they cannot gain a foothold higher in the Rubicon, then we can expect another decline in the DASHUSDT price, to begin with, to the $210-230 zone
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DashOne more look on hourly. Finding resistance at 240 top green trendline. If we start to find support there this could be another great sign as well as watching 3hr time frame candle close and volume. The next candle open is at 8pm and 11pm will be the confirmed close.
If we have a negative 8pm reaction it could come back to bottom green trendline I have marked as support around 235$. All of this at once is on my watchlist
Dash!!! Bullish!!!Looks like it formed the right shoulder perfectly by bouncing off the .5 fib level Mabey times. I entered further into my position at 232.50 and am long. Will add. More to position if we can confirm a breakout of 242 level. This will be the breakout of falling wedge. Looks like if it breaks that confirms with either volume, candle close, or back test support hold, it can easily head back and test 250$. A break and confirmation of this is a great long. Always use risk management and stoplosses !!
Long
DashI am putting this out but not saying front run it at all. Just keep it on the radar. It can easily come back to 214 again before heading back up to test 250 again. Just keep that in mind. Not saying it’s going to breakout in the next day but when it can or if it can which it looks it will, get above 250 that’s when you enter
Dash!!Dash is looking geared up on the daily for a nice run!!
A break and confirmed support with volume above 250 looks like a nice clean run to 299-348 resistance box
Looks ready to head back and test recent high
214$ on the low side support 250 recent resistance.
MACd cross on daily coming very soon.
Dash Platform
Dash --- in late 2020, became a decentralised Blockchain cloud --- possibly the first-of-its-kind.
This is ambitious, and promises far reaching possibilities.
There are only 10 million Dash in circulation, and a maximum of 18.9 million that can be mined. Its governance structure is such that 10% of profits go to development, and for the last 3 years we can see significant improvements in ability.
It even has payments by human name now: cryptographic addresses are no longer necessary; this is impressive and important.
Every year or so, supply decreases by 7%.
400$s is the next resistance on the weekly timeframe ---- It's entirely possibly that we see far higher prices.
🔥 DASH In A ChannelIn general, DASH is lagging behind a lot of other cryptos. In the case the bull-run will continue, DASH will surely make up for its current slow behaviour in the future. At the moment, it appears that DASH has bounced from the lower support of the channel and is making its way up again.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!