Based on the daily chart we can see that the price movements formed a symmetrical triangle. This chart pattern can be a continuation pattern or a reversal one. It depends on which line will be broken. Now we have the triangle on the top of the uptrend. If price breaks the resistance line of this pattern, we'll get a confirmation of a continuation of the main uptrend. In order to catch this movement, we can place pending orders for buy above the resistance line of the triangle at 320.00 level. Stop orders should be placed below the local low at 270.00 level. The main profit target is 400.00 level. The part of trade volume can be left for long run. Alternative variant, if the price breaks the support line of the triangle and SMA100, this pattern will be a reversal one. We should expect for further downward movement at least to 200.00 level.
If BTC goes down with the fork can this influence DASH to down trend?
filipnr1
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BTC drained all the life. It's a lost situation. BTC goes up, drains all the volume. BTC goes down all is converted to cash. ETH down for the moment imo.
@raulvictorrosa, the long trades were not activated. Why stop?
raulrosa
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@DLavrov,
I don't know if I understood right but I followed the recommendation in your Telegram hehe and now the Stop-Loss gone activated.
Trading Signal for Dash (DASHUSDT):
Buy: 320.00
Stop-Loss: 270.00
Take-Profit: 400.00 / Long Term
Recommended Trade Volume: up to 5% from your deposit size.
Padlomfaan
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Traders gonna trade... Investors who play the long term game, are going to win. Dash is a rare coin with a very robust secure network. Eventually the real world use cases are going to kick in and these short term technicals will become meaningless. Traders = gamblers Investor= outsmarting the composite man.
Padlomfaan
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@Dashtothetop, I recommend to just buy and hold and go camping far away from internet and computers. I know this is not the advice you are seeking but it is probably the most sound advice you can get where you don't lose money. Timing the big moves is difficult and only going to get more difficult. Unless you have huge sums of cash to burn trying to learn, it would be best to just buy and hold and quit giving your coins to whales. They are much better at this than you are. For most new traders, you entering into an area with people who have a lot more money and experience than you could ever summon. They also have connections in high places so they know exactly when and how big the moves are going to be so they can position them selves in ways you could only dream of.
TestPattern
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@Dashtothetop, good opinion
zeelorenc
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@Dashtothetop, The market does not care if you're holding Dash. The market does not even know you exist. Shilling is POINTLESS here. This is a public trade that is showing both directions.