DSHUSD trade ideas
Will DASH leave its 700-days-lasting sideways-range?3 reasons why I’m long term bullish on DASH’s chart 📈
✅ first higher high was printed since the drop
✅ first higher low was printed since 2018
✅ volume at Binance & other important exchanges and RSI is rising
A weekly or monthly close above the 3 monthly resistances (which are placed between 108-116 USD) would mean a final confirmation to me.
Fun fact:
- The bear market was lasting exactly 350 days.
- The sideways-range took twice as long as the bear market, so 700 days !
- IF the next bull-cycle will last as long as the bear market, we probably could reach about the 1000-USD-level, which would be a plus of 888 % from now on! Here DASH will hit on its 61.8% Fibonacci-retracement (of 2018’s downtrend) and a weekly open/close resistance.
Hope you enjoyed this analysis and are also a fan of DASH and its fundamental potential as “digital cash” / paycoin.
Have fun and stay safe! 🙏
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Disclaimer: This is no financial advise! Every trader takes its own risk.
Dash- Overlooked 10x play, but not forgotten. Dash is a semi privacy-focused coin. Anon coins overall have the most user cases, but haven't caught much of investor attention lately due to the rise of BTC and DeFi governance tokens.
Dash has the potential to go 10x and it is lagging behind other top coins/tokens in terms of how far its price is from ATH.
Get in now because of the pullback of entire crypto market or scale in slowly unless the price falls below 60-65 range.
All other technical factors look fine and all it needs is some fundamental catalysts.
Swing to intermediate setup. Wait patiently and you will be rewarded.
Just my opinion. Not the investment advice.
DASH dashing up. DASHUSDComing up to the end of the Crypto week, I am electing to look at a fair few impulses. We have DASH here. And it's going up like many cryptos are right now. Goals at a close 90.4, 90.9, 92.66. Invalidation is ofcourse in red, as usual. Don't forget, none of this, and any of my posts, is ever financial advice. I might be a trader, but I will never trade for you for a whole list of reasons.
DASHAt a fundamental level DASH is exciting as it is one of the oldest cryptos still around . Having now been a part of not just 1 but 2 bear markets since 2014. This is promising. As described by the Lindy Effect "every additional period of survival implies a longer remaining life expectancy" .
Dash returned to its original trend line from 2015 for the third time in a year...this time spending several weeks building support on it.
Initial target will be the next trend line (0.236).
Out at break below original trend line.
DASH can recover fastDASH use to be and is a top coin
"Dash has many features that provide it an edge over other cryptocurrencies like Bitcoin and Litecoin.
Dash can be used to make transactions in a more private and speedy manner because of these three features:
Masternodes, PrivateSend, and InstantSend."