DASH/BTC 12H (Binance) Channel & triangle on support

May 28, 2020

TA: Digital Cash (renamed Dash only) is facing strong support of parallel channel and symmetrical triangle.

FA: Privacy coins have a bright future in cryptocurrency world like Zcash (ZEC) and Monero (XMR) as I already mentioned few month ago.
Also I would add Komodo (KMD), Pivx (PIVX), Zcoin (XZC), Verge (XVG) and Horizen (ZEN) to the list (in no specific order).

Current Price= 0.007910
Buy Entry= 0.007912 - 0.007452
Take Profit= 0.008540 | 0.009139 | 0.010108
Stop Loss= 0.006824

Risk/Reward= 1:1 | 1:1.7 | 1:2.83
Expected Profit= 11.17% | 18.97% | 31.58%
Possible Loss= -11.17%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h

Jun 16, 2020

Trade active

After going up 8% and almost reaching first target, Dash is back to 2nd entry.
If you missed it out or just want to fill a bigger bag, now could be a good time!
I redrew the triangle support a bit lower:

Aug 6, 2020

Trade closed: target reached

TP1 hit at last after 2 months, took a while but worth it: +11.17% profit from average entry, 55.85% using 5x in Margin.
Tooks some profit here and holding the rest for higher targets of course.
Road to MA200 after that clear breakout!
I have to admit I got lucky on that SL, it was always hunted, that's when your realize a R/R=1:1 is worth it.