TECHNICALS: 1W SAR swapped and we have closed outside bollinger bands on the 1D candles. 1W candle looking to close outside bollinger bands. Volume has declined over recent weeks so a break to a higher level would indicate the big money is getting in on move. FUNDAMENTALS: Well funded developer team with a solid roadmap. Has a good scaling solution planned...
I have reasons to believe that this sudden jump in price is anomaly. Looking at historical RSI data we can see that when RSI hits the 70 level it often bounces back, somewhat hard. Looking at the chart I would say this is not a break of the overall bearish pattern over the last days. This is, in my opinion, just an bullish break, and bound to drop to the...
Just a new trading opportunity which can be used for adding some volume to the previous long trades. The price moves above the cloud and it confirms that the market is bullish. We can use a breakout signal for entry. Pending orders for buy should be placed above 340.00 resistance level. Stop orders must be below 280.00 support level. Profit target is 400.00 level...
The price bounced from SMA100. RSI confirms price reversal. MACD histogram supports possible upward movement. On the 4H chart the price forms Head & Shoulders pattern which gives a trend reversal signal. We have trading opportunity. Pending orders for buy should be placed above 300.00 level with stop orders at 210.00 level. Profit target is the resistance level...
The symmetrical triangle mainly forms during a trend as a continuation chart pattern. But this time the price broke the support line and we should consider this pattern as a reversal one. The market confirms that it's going to move lower. Will it be true or fake signal? We'll see soon. But now we must follow the market movement. Based on this triangle, we can spot...
DASH 4 HOUR TIMEFRAME. Los Angeles 8:53 PM Holding out until BTC stabilizes.
Los Angeles 8:11 PM. Dash 4 hour time frame. I would wait for a kumo breakout before investing into Dash. Long term - it doesn't look too bad to buy it at discount. Playing with risk if you invest now with all this FUD sensitivity. If you're playing long, buy at support levels. Fib also shows resistance levels and price action back at .618.
The price bounces from SMA20 and a support zone formed by 320.00 and 300.00 levels. RSI and a reversal candlestick pattern confirm price reversal. DMI allows open long trades. MACD confirms downward movement, but we can trade based on the previous signals. If you want to get more reliable signal, you should wait for MACD histogram reversal. For other traders,...
I personally think Dash do not get enough attention. This guy been climbing a lot in the past few months. I believe Dash can get close to Bitcoin pricing, but we will have to wait and see, like always. Currently, I see Dash correcting itself back down to the 200s, to retest previous structure. There is a Gartley formation forming for us to enter as well. I am long...
Hello Traders, DASH/USD broke again to new highs and we still like the idea of pushing it higher. If the market can pullback to around the 50% Fibonacci we like the buying but the market needs to stay below 320.918 to buy any pullbacks, so if the market stays below 320.918 and goes to around the 50R we like the buy. We keep you updated on it. Hope that...
The price bounces from 400.00 resistance level. RSI and a strong bearish candle confirm price reversal. MACD histogram supports downward movement. The market is going to move downward and give us new trading opportunities. We'll have to watch for price action near SMA20 and 320.00 support level. If the price bounces from these levels, it will be possible to open...
Dash 4 hour time frame. Los Angeles 8:13 pm 1. Price is above the cloud which signals a bullish bias. 2. Price moved below the Tenkan-sen but still stayed above the Kijun-sen. 3. Price had a slight pullback and moved below the Kijun-sen but still stayed above the clouds. Dash might hit new highs close to $433 if it breaks out of the resistance line. Please...
If the market bounces from 350.00 support level and moves above the kumo, we should expect for further upward movement. DMI indicator shows range market conditions and it’s not a good idea to use trend following strategies. But ADX line rises and probably it will confirm the beginning of a new price movement. It’s possible to place pending orders for buy above the...
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.
Hello Guys, We want to buy DASH/USD at around 347.150 with a stop loss below 311.1372 and an initial target of 442.360. The market has a bullish trend so we want to buy into a continuation pattern. As always never risk more than 1% on each trade. Hope that helps Cheers