DASHUSDT trade ideas
Brief Analysis โโDASHLTC is expected to be halved on Aug.2. The block reward will change from 12.5 LTC to 6.25 LTC. The halving of token does not necessarily bring the rising, but for tokens, the halving is a deflation way for tokens. This model makes sense. It is different from the inflation way for traditional currencies. Today we bring a brief analysis of LTC, DASH and BCH. It should be noted that the halving of LTC and BCH is coming soon and the halving of DASH has already happened.
Since March, DASH has entered a bearish channel. At the beginning of June, DASH was defined as a security by the SEC and the price dumped to a new low during two years. Then the price has rebounded, but is weaker than most tokens in the market. The long time rise only covered the single-day fall on Jun.10. The price stopped rising in early July and maintained bearish on a large scale. The volatility of DASH has decreased recently. The strength of the bulls has increased, but it is still weaker than the bears. After the long green candle appeared on Jul.13, the bears quickly strengthened. The consecutive days of falling did not cover the long green candle and broke the low. Although the bulls gained strength again last week, it did not cover the loss (red arrow).
Conclusion: Mostly fluctuation. The probability of falling is greater than that of rising. The bulls has strengthened. So we think there is a high probability of fluctuation. But DASH maintains bearish on a large scale, so we reserve the possibility of falling. We set resistance level at 38.5 and support level at 28.
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Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Bullish Opportunity in Dash Coin - Elliott Wave Analysis Points Introduction:
Greetings traders! Today, I present a compelling analysis on Dash Coin (DASH) that indicates a promising long opportunity. Utilizing the Elliott Wave theory and Fibonacci retracement levels, we've identified strong signals suggesting potential bullish momentum ahead. Let's delve into the analysis and explore the reasons behind this exciting setup.
Analysis Summary:
Elliott Wave Pattern: Based on the Elliott Wave theory, DASH appears to have completed a corrective pattern and now shows signs of a new impulsive wave forming. This indicates a potential uptrend on the horizon.
Fibonacci Retracement: The recent price movement of DASH has aligned with key Fibonacci levels, specifically the 0.618 zone. Historically, this level has acted as a significant support, often propelling the price higher after a retracement.
Entry Point:
For conservative traders, consider entering a long position above the recent swing high, confirming the potential uptrend. Aggressive traders may choose to enter earlier with tight stop-loss orders.
Target:
The primary target for this long position can be set at the next major resistance level or a 1.618 Fibonacci extension of the recent impulsive wave.
Stop-loss:
To manage risk effectively, set a stop-loss just below the recent swing low or any other significant support level that aligns with your risk tolerance.
Disclaimer:
Remember, trading involves inherent risks, and past performance is not indicative of future results. Please conduct your research and consult with a financial advisor before making any trading decisions.
Conclusion:
Based on the Elliott Wave analysis and Fibonacci retracement levels, Dash Coin (DASH) appears to offer an attractive long opportunity. Always exercise caution and adhere to proper risk management practices when executing trades. Wishing you successful trading ahead!
DASH possible movement by on fib and Trend and supply demandDASH is on Bullish trend right now and just reached one daily supply(38.05 to 39.26)
this currency will go up after hit unmitigated demand zone(35.64 to 36.22)
this demand zone is set on fib 0.618(36.12)
new target will be unmitigated supply(41.46 to 42.16)
DASHUSDT hit 50% โ
๐#DASHUSDT
we published and shared this idea with you in our profile here as you can check the previous analysis for #DASH USDT
BoooooooM ๐๐
All Targets: doneโ
Entry price: 0.06791$โ
Price reached : 0.06476$ โ
Profit: 50% โ
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following this signal DOGEUSDT
i expect the price will dump to the target at the chart
DASHUSDT SHORT
Entry : 35.93 / 35.84
Leverage : Cross X20
Stop loss : 5%
Targets : 35.123200000000004
Capital invested : 1%
this result from this signal
#DASHUSDT #LQR #TOBTC #LaqiraProtocolโ Price is below dynamic resistance and EMA 60&200 โข Important support and resistance are specified in the chart.
โข Levels are obtained from the intersection of the fib and static levels
โข You can open a position after confirmation
โข This analysis is not an offer to buy or sell