Expect a downturn in the price of a particular currency, which is influenced by the movement of the bitcoin price.
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- Overall a very strong uptrend since the start
- Positive Elliott wave theory / should start 5th wave up
- Very low coin circulation
- Privacy features
- Hitting on long term support now / strong impulse
DASH's 4-hour BTC chart is looking very bullish. The price has caught support on the the MA200 and is moving on up. The MACD is also curving at support and has a near bullish crossover. There are several support levels if DASH retraces a bit, but I think this is a good entry point. I've set some possible reversal areas where there might be strong...
Priceline of DASH / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
Price action has hit the lower band of the bollinger bands after Dec 2018.
But beware the volume profile is still showing the traders interest even below the PRZ area and MACD is also strong bearish, even...
Priceline of DASH / US Dollar cryptocurrency has formed shark pattern and entered in potential reversal zone.
MACD is turning bullish.
Stochastic is oversold.
From here the price action can hit the sell targets soon insha Allah.
I have defined targets using Fibonacce sequence:
Buy between: 112.1357 to 92.8000
Sell between: 137.7805 to 185.3515
Despite the recent correction DASH is still holding strong above it's trendline (any large timeframe closes under would invalidate idea). Opening longs in this area, TP's shown on chart, setting SL under trendline.
D1: Supported by increased EMA50 and trendline
D1 day candle also confirmed the price increase with a big body candle
RSI in region 43
Why is this area worth noting?
Keep in mind that Each time RSI is at 43, Dash often creates a bottom and increases strongly
=> Possibility of extremely high prices with DASH.
Hopefully this analysis helps you to choose the...