DASH - Did you forget about dash?
Many believe that older altcoins have had their day, and there's nothing left in them, nothing could be further from the truth.
If you prefer to buy and hold consider dash after your own research and risk analysis. I'll keep short and simple.
Here is a daily chart giving us an inverted Cup & Handle pattern.
Long term potential...
. DASH/EURO is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Price is in the support zone (332 to 229), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
It has been a while for me to update Dash against the euro. However there seems to be an exciting (short/mid term) opportunity ahead.
As Dash consolidates further into the end of the triangle, it could break in two different ways.
Red bear line: if we break the triangle bearish, expect fall back until at least 454 euro
However, I think Dash will...
Missed the opportunity of buying in early stage.
It is nice to see how the corrective waves hit exactly the targets as expected for a crypto correction. A wave until 0.618, B wave 0.618, and shallow C wave until 0.5.
Sell; 1090 euro
Buy 1; 970 euro (End of wave 4)
For long term investors I would suggest to buy now and buy with a small...
As described in last analysis, DASH reached the Fib 1.786 target and is now consolidating. A bullish triangle pattern is forming on the 4H chart.
If this pattern breaks in a bullish way, this could be the fifth Elliot wave, and the last wave before the correction downwards.
- Safe buy target: 676 (after bullish break)
- Risky buy target 649 ->
- Sell target 765
Dash is about to complete the 5th wave in its move up. It is currently in a bullish flag touching support. We are trading on the 1.618 fib line long-term so be aware that it could bounce down. If we clear this resistance however, 700 is a conservative target.
Based on the two previous all time highs (September; June), DASH is expected to go all the way and a bit above the Fib 2.00 level. This is also shown buy red line.
After DASH had a short retracement until the Fib 0.5 level, it now surpassed the 0.618 and seems to go strongly.The brokage of a possible dubble top is a good point to buy in and to ride the third...
As we see, the price is currently moving in a channel that goes upwards. If the RSI touches the trend line and the bars touch the orange trend will show whether the price will continue to rise. The course can thus go up to 500. The target was calculated with several Fibos.
Dash is near the price-fibo (0.786). I think we see the bottom at 160 USD. In expectation of a general trend-reversal - imo - it will go up (not as strong as other currencies).
Let's see what happens. Happy trading. :-)