Dashusdanalysis
Dash Ascending Triangle Breakout??Dash/USDT is forming an ascending triangle and it formed a double top pattern. When the Dash breaks the resistance at $815, it will shoot upward, IF IF the bitcoin 7.58% does not fall drastically. Buy order should be placed at above $815 level and stop loss should be placed at below $725 level.
Buy order: $815
Stop Loss: $725
First Target: $943
Second Target: $1158.9
Good Luck!
This is not a financial advice, and please trade at your own risk.
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Dash - Still in a downtrendSince its all-time high at 412 USD in late August Dash is in a correction.
We might see further weakness that could lead to a another test of the former resistance zone around 190 -220 USD. Here Dash would be a great contrarian buy again.
Trend followers instead will likely wait for a breakout buy signal above the red downtrend line currently around 310 USD.
DASHUSD-DASH Bulls in charge? 30.10.2017Hello Guys,
After 22.10.2017 candlestick close, DASH price action closed below the lower BB meaning price was overextended.
Since then, we have seen, despite these crazy whipsaws how prices have been moving higher relative to the lower BB. DASH prices have retested $250 support a couple of times but they always close within the BB. DASH prices are also closing higher and supporting stochastics buy momentum.
There is a buy signal in place. For conservative traders, a break above 20 period Ma and $310 resistance trend line will only guarantee a safe DASH bull entry.
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DASHUSD-Neutral-27.10.2017Hello Guys,
DASH continue to consolidate, benefiting scalpers. If anything, there is a clear three falling method candlestick pattern with price action held within a $68 range marked by 24.10.2017 Hi-Los.
By 26.10.2017 close, the significance of the 20 period MA as a reliable resistance line became clear. As mentioned yesterday, that was the 26th trading day of candlestick close below that flexible resistance line after 01.10.2017 close below.
DASH trigger will depend if there is bullish pressure pushing prices above $310 or sustained DASH pressure below 25.10.2017 lows of $260. Either way, this consolidation and correction low after Tuesday 3 day reversal pattern still justifies our bullish projection unless maybe USD bulls trend higher and push DASH prices below $260.
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