DASH - Ready to Boom?DASH is moving sideways similar to other cryptos. The price is moving between 177 and 189 quietly, however, we observe a bollinger band squeeze which generally indicates an upcoming fast move and stochastic says this move is most probably going to be downwards. So our main scenario; first, test of 177 support level, and if it breaks down, a fall till 171.30 level. Alternatively, a break above strong 189 resistance line could take Dash to 198.
Dashusd
DASH is Going to $415. DASHUSD +170%Hello Traders! I am here to provide some much-welcomed GOOD NEWS!
DASHUSD: Target = $415
We could see a little bit more of a pullback, but the retrace target is clear to me.
Mind you, this idea could be invalidated if Bitcoin breaks below $6200. However, I do not believe Bitcoin will do that.
If you have ever followed my analysis in the past, I am an avid user of Fibonacci Analysis, and at identifying fractal patterns. Patterns repeat, OFTEN. And right now, in the alt coin market cap, we have a fantastic opportunity in front of us! We have a fractal pattern that I have identified numerous times in the past, and it’s time for some much needed bull movement, after nearly 5 months of downward pressure.
If you view my previous analysis on Bitcoin here, and press the “Play” button on the chart, you will notice a pattern I was able to easily identify and project the retrace target:
We have this exact same setup in the alt coin market cap at this time. IT IS IDENTICAL.
For our next move up, the target for the alt coin market cap is $216-$234 Billion. With our current market cap sitting at about 100 billion right now, that leaves some room for some serious up moves for our favorite alts.
What happens after that retrace target to 230 billion has been reached is still up for debate. However, this fractal takes us to AT LEAST that target of $216-$234 Billion.
We also have a nice pitchfork lined up here on Bitcoin indicating that this COULD be the bottom. It has held the 2013 trend and has now bottomed the pitchfork.
If Bitcoin breaks below $6200, this idea is likely invalidated. So, keep a close eye on Bitcoin!
As we head towards our target, there may be a lot of up and down noise on the chart. There will also be a lot of noise here on TradingView with ideas calling for gloom and doom, and charts calling for the absolute moon. We are not concerned with any of that. We are interested in reaching our target and getting out! We will wait for the next setup after that and determine our next move. But for now, we have a plan!
As always, this is just my analysis. Any decisions you make based on my analysis and opinions are still your own decisions, and your own responsibility. So, if you decide to trade based on this analysis, just know, you are your own financial advisor and decision maker.
We have no fear! We have no greed!
We have a plan and we will execute it!
Good luck to you all! May you have a wonderful day! Please like, comment, and follow!
DASHUSD: Testing the first support. Still bearish.DASH has been trading lower after it broke the 1D Triangle (RSI = 42.214, MACD = -1.620, Highs/Lows = -2.9646, B/BP = -8.4359). The Lower High on the 1W Channel Down (MACD = -79.120) has already been made last week and as a Channel Down on 1D is emerging, the first support at 175.000 is being put to a test. This is expected to break fairly easily as 166.683 is the more vital that is the last barrier before a quick 126.550 test. Thus, we remain short on DASHUSD with TP = 126.5509 (100.21 extension under conditions).
Triangle break-out. Channel Down emerging. Short.DASHUSD is now on a declining trend after the 1D Triangle broke to the downside (RSI = 41.537, Highs/Lows = -10.4417, B/BP = -17.2901) and a Channel Down is emerging. This should be pressured even lower by the commanding 1W Channel Down (MACD = -78.100, B/BP = -57.9640). We are still anticipating a 166.68 support test and remain bearish with TP = 126.5509 (1D bottom) and 100.21 in extension.
DASH (DASH/USD) Is Under The Major TrendlinesThe market has shown some up and down movements and so as DASH'.
Last week, DASH was technically a pretty good but it didn't catch that big momentum and currently, it is in a bearish area. It is below both major trendline, below the short-term down-trendline which is bulled from 20.07.2018 and below the major counter trendline which will indicate that the upwards momentum is over and we could see a pullback if the market doesn't make any fast recoveries. Also, DASH' trades below the EMA's which also is not a good sign.
However, alongside these bad signs, we also have a good sign. The current short-term bounce comes from the Fibonacci 62 percent retracement level which still printed a higher low (HL) into the chart. So, if we stay above this orange area then all is under control but if we can't hold the price above that mentioned level we might see a bigger correction downwards.
To be bullish we have to break above again those trendlines or at least above that trendline which is pulled from 20.07. 'The road' upwards is pretty hard but if the market starts a bull run then all the altcoins start a bull run but if the market stays stable then DASH is on the trouble and definitely, it needs a big volume to break above those trendlines and EMA's
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
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Triangle broke. Bearish confirmation. Short.DASHUSD broke the Higher Low sequence on the 1D Triangle (RSI = 47.684, Highs/Lows = 0.0000) that kept the price neutral during September. This is the break-out confirmation that the price needed to resume the bearish trend on 1W (MACD = -76.290, B/BP = -43.0033, ADX = 45.294). Our outlook is intact. We expect a quick 166.68 support test followed by our target set, which is the 126.5509 1D bottom and 100.21 in extension.
DASH Short termWith the bullish market sentiments, there is still more ups to go for DASH.
The diagram is self explanatory where yellow and green are support lines and red being the resistance lines.
Important notes:
-RSI comes more important when its a bullish movement. Note the RSI chart and points of entrance and selloffs.
-222 will be the main resistance
Note: It is in the plan for DASH release of EVOLUTION sometime before the end of the year. This will push DASH prices up and make it very popular as no other crypto will have this type of wallet.
Yes, I'm a DASH advocate.
DASH (DASH/USD) - Bullish Breakouts!!DASH has made a breakout from two triangles. First bullish four-hour candle takes down that smaller triangle and the second candle takes down the bigger triangle (blue lines).
We have talked before, that how strong it looks like and etc. Currently, as we said, it has two bullish signs but let's count all bullish signs together, we have:
1. Upwards breakouts from the triangles
2. A break above the round number $200
3. Break above the June and July low (currently no close above)
4. The golden cross between 100 and 200 EMA
So, those criteria will guide us to the higher levels and the target areas could be around:
* $225 - the August high level which starts to work as a resistance
* Currently, the main target would be around $250 - semi-round number, the triangle pattern possible target, Fibonacci extensions!
Technically, DASH is very bullish, many bullish price action criteria matching each other and it is ready to climb into the main target area!
Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis!
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Dash- Extremely strong coin with excellent breakoutHi Fellow Traders,
Lets look at Dash, a coin which has had massive gains from 2016 to 2018. If i remember correctly this coin went from $4 to $1500 in that period, these values are estimate if i remember correctly but you could check and see for yourself. Now ever since Feb of this year all coins took massive hits including Dash, and what is exciting about this is we have a new opportunity to buy Dash at a cheaper price. So lets take a look at technical analysis of this coin:
1) Divergence on Rsi and MFI on daily chart which is a extremely strong indicator of a possible trend change
2) The directional movement indicator is showing the DI- falling from above the 40 mark, which also adds to the directional change of this coin and also the ADX line also falls from this 40 mark also adding more strength to the idea
3) The massive breakout from the downtrend with much higher volume is also extremely important
4) The retracement after this initial breakout has higher lows with lower volume with more green candle volume which shows how strong this run might be.
5) You can also the Dash/Usd pair and see for yourself that we have reached the start of the fifth wave of the last price run for dash, this is usually a strong point where downtrend might end, although not always the case just remember that.
Put a stop loss 15% of entry point
REMEMBER
In Technical analysis we try to increase the probabilities of success, so be open to new information and being able to adapt to the constantly changing market.
Successful Trading
Crypt1c_one
DASHBTC - 4H - UpdateDASH reacted strongly to the 0.021 demand level with one of the highest volume days ever! Since then, it has continued to trend higher tapping the demand zone around 0.0255 before resuming its uptrend.
It has run into resistance here and is having trouble closing above this supply zone. If the daily candle can close above here, we can expect a continuation of the trend higher. However, if BTC does continue to breakdown, we can enter a short position on a break of the triangle and target the 2 demand zones below as initial targets.
Stops would be placed above the SFP high on that previous attempt to break above and if we do get a fakeout lower, we could chase the upside move with BTC momentum above 6600!
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