BITTREX:DASHUSD   Dash / Dollar (calculated by TradingView)
Currency Pair: DASH.USD
Time Frame: Daily
Predicted Direction: Short

Live DASH.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
Comment: A break and retest of the 4hr 50EMA is now upon us, A break and close below $573 for me would provide the reversal on the Daily TF

Comment: A break and close below the 1hr 50EMA has now occurred, awaiting the 4hr to break for full confirmation.

Comment: A textbook doji candle rejecting all structure levels, price now running towards $500
Comment: Although price has exceeded the initial entry, for me i see a short opportunity should price continue to reject the Daily 50EMA
Has this been invalidated? Or are we just in better position for this come crashing down? Seems like a lot of sideways movement for now.
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My trend line of resistance tracks the top of the candle wicks more closely than the one you drew, and this trend line was broken to show some strength over the last few days...making a potential break out to the upside more likely, but nothing strong. I'm just cautious. I did not go short, seems like Dash is trying to decide which way to go... Good luck. Thanks for sharing!- I'm ready to sell some if DASH confirms more weakness...
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earthling earthling
@earthling, Hey Tom Hall, Looks like your strong down channel prevails! nice going. You are going to nail it! Do you see support around 530 at all?
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Nice short
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price is going to 610, update is needed @TomHall
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Good call sir. I watched this price action considering some breakout, but Your view is very accurate. I would add to stash if I would have some money to spend :D
+1 Reply
TomHall pinfkloyd
@pinfkloyd, Thanks very much, keep your cash safe and invest smart :-)
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pinfkloyd TomHall
@TomHall,
Thanks, and I wish You long live trading. ATM some coins are passing through bargain mode, that's why I'm closed for another options until stop loss.
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Could you be a fan of Chealsea by using white and blue candles...
+1 Reply
Giorgioversace Giorgioversace
@Giorgioversace, Chelsea.
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