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Dashusd

DASH About To Break Above SoonWith the recent price action after last ABC correction, DASH has formed a nice triangle that could also act as a reversal pattern as there are clear higher lows being formed. If we break above the triangle on the 3rd attempt we have to then also break obove the $220.6 zone to invalidate an ABC correction (climbing above the B wave). If all this happens, price should climb even higher breaking the final short term ressistence, sitting at $285. Market looks very bullish overall and the alt season is right arround the corner imo. I am not a financial advisor so non of this should be taken as a financial advise. Stay safe. BINANCE:DASHUSDT
Long
by AVA37
DASH/USDTDash has been creating higher lows on the higher time frames for quite some time now. On the 4h TF, it has created a consolidation zone between 195 - 180 which is trying to break out off to the upside. On top of that, it has left a huge liquidity void from the last crash on 7th September which never got filled. I am expecting Dash to reclaim some of its price in its attempt to clear out the order clusters created by that liquidity void. We may see price retest at 211 and 230 resistances respectively.
by MonoCoinSignal
5
DASH/USDT - Potential 139% SetupHello Traders! The upward movement of DASH has received a deep correction. At the moment the price returned to the active trading range of $138 - $176 Purchases can be considered between $138 - $160 It would be a good idea to place a stop loss at $94 The medium term buying targets will be $240 $290 $332 Excellent risk/profit ratio (above 4) Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:DASHUSDLong
by UnknownUnicorn10064030
Symmetrical Triangle Play on DashThis is a simple support and resistance play on Dash with the basic adage: the trend is your friend into the end. We have a 50 day uptrend and a three week consolidation so far within this triangle. That means we have support and resistance trades that really don't require that much overthinking. I am long at the triangle support with a stop loss as shown in the main chart. Take profit will be just short of the fib retracement golden pocket at $345. Risk to Reward is a nice 14. The dotted line is the height of the triangle and it concurs with the fib retracement target at 1.618. Thirty minutes is a pretty low time frame to be looking for hidden bullish divergence but it is there in the chart below. Given we have a 50 day uptrend and that contains a 3 week consolidation pattern we are looking to simply set a stop loss at support with a bit of validation from the indicator. This is our third touch on the triangle support so it lets us get a tight stop on low time frames. The bearish scenario is rather than being a consolidation pattern this is an ABC correction and we would have downside targets around 160 or 120 ash shown below. The rational for that trade would be that the blue line had flipped from support to resistance. Should the price break down from the triangle I would be watching it to retest the previous triangle support as resistance before taking a short. In other words, according to my system I would not be short just yet. And I want to give a fair hearing to the bearish scenario. Based in daily indicators alone this chart looks really bad. But as I said in the beginning, this is a play on continuation to the upside and the triangle support is currently being validated, so I am taking my long in the face of this brutal daily chart. If you are familiar with my system then the chart below makes a lot of sense. I use the VSTOP and MTF VSTOP to determine trend and dynamically chart support and resistance. This play is using continuation to assume the VSTOP will act as dynamic support in this instance hold. If I am wrong I will be stopped out in short order. The linked ideas show some relatively low time frame formations that made target in short order. The BTC head and shoulders did suppose that the formation could over-perform due to how tenuous the bitcoin situation was but when price broke down it went right to the 1.618 fib retracement level before pamping. Likewise on the dashbtc target. I was hoping for more continuation but price went right to the 1.618 level then dumped. This time I am going to be agnostic when it comes to hoping for some over-performance. I will be taking all of my profits, thank you.
Long
by This_Guhy
DASHBTC Appears to be retesting the neckline of an inverse H&SDash has been one of my favorite projects for a while. Right now it appears to be in a multi month long rising wedge that I suspect will break to the upside. But first it has to get off the wedge support and it appears to be doing such with an inverse head and shoulders centered at the 0.0050 level. The support of the wedge is in part defined by the head and right shoulder. I expect that once this retest is done we will see a quick move to the 1.618 fib level of the hight of the head, but from there the main thing to observe will be the splitter on the wedge. For price action to behave more bullishly it will have to stay in the upper half of the wedge. On the 4 hour chart it seems our situation in the purple circles resembles the black circles. I entered my position on DASHUSD when DASHBTC was on the upward slope of the right shoulder and have a stop loss below the valley of the right shoulder. I want to let this ride a bit more before I move my stop to break even or slight profit. From my entry I hope to be patent and wait for it to pop out of the wedge. If I see DASHBTC start to make a bull trap like it did against the purple line below that will be a sign for me to close my dashusd trade. Right now things are going smoothly with the initial ascent shown by the blue trendline. As of right now there isn't even the price action to draw a new purple line for that phase of the uptrend. As you can see, DASHUSD also appears to be in a inverse head and shoulders and price action appears to be testing the neckline on that as well. A zoom in: I hope to take some profit of my margin trades at major fib levels and use some surplus on dip buying. A zoom out of dashusd And just for giggles, here is DASHETH with what appears to be a falling wedge on a flag pole. Lots of volatility all over the place.
by This_Guhy
1