Dash had a strong performance in the last days/hours. The question is, how is it going on? I see current two ways up: correction to 300 usd or correction to 200 usd. Then further upwards. Dash has a position next to btc because dash is more decentralized and anonymous. A long-term uptrend could therefore continue. Let's see. Happy trading. :-)
Buy..... above 290 dollars.
I previously called a consolidation in DASH, but that was quickly rendered void by the explosive volume seen yesterday. Longterm I think we see 470, but getting there could be quite complicated.
Based on the 1H chart we can see a short consolidation. DMI confirms range market conditions. We should expect for a strong price movement after a period of low volatility. As the price is above the kumo, we have to buy only. Pending orders can be placed above 300.50 level. If the price breaks this level, we'll get an additional confirmation that the market is...
Based on the daily chart of Dash we can see a flag chart pattern. It's a short-term continuation pattern which shows a small consolidation before the previous movement resumes. We should expect for a price breakout above the resistance line of this pattern. Pending orders for buy can be placed at 284.00 level with stop orders below 258.50 level. Profit targets...
The market bounces from the uptrend line and 224.00 support level. RSI confirms price reversal. If the market could not break this support zone formed by the uptrend line and 224.00-216.00 support levels, it means we must be ready to join a possible upward movement. Pending orders for buy should be placed above 236.00 level. If the market moves higher than this...
I think we have just come off a 3rd wave completion and are now at the beginning of a 4th-wave consolidation. The $166-$180 range presents a reasonable buy area for the final 5th wave.
The movement is going on inside the wedge and the triangle and is waiting for the decisive moment of contiguity. DASH will grow more than ever.
The price broke 200.00 resistance level. The trend line supports further upward movement. We can place pending orders for buy above the local swing high and it's 207.00 level. Stop orders must be placed below 191.50 level. Profit targets are 216.00 and 224.00 levels.
Double Top chart pattern and a bearish divergence give a solid signal that the market has potential for downward movement. We can see that price is at MA50 which is a possible reversal line. But we don't have fundamental support for the market and probably we'll see further falling. MACD histogram confirms downward movement. We have to focus on a reversal zone...
I haven't posted a trade idea in a while but the charts keep progressing. I like to keep my charts simple. Bitcoin is a 1st gen crypto, sending value p2p. ETH being a 2nd gen, smart contracts. Dash - Send value p2p, smart contracts, governance/treasury I dont have any specific entry points or even timeframes of when I expect another large move higher, but...
The market is going to fall below 200.00 level. At the same time on the daily chart it can be formed a double top. This chart pattern gives a signal about possible trend reversal. We must be ready to further downward movement. Let's look at the indicators now. MACD histogram is going to reverse and confirm downward movement. RSI is going to confirm price reversal...
The market bounced from the 200.00 resistance level and dropped to Tenkan line of Ichimoku indicator. We have a price reversal from this line at it's a buy signal. DMI confirms trend market conditions and allows trading. We could buy above 196.00 level, but 200.00 resistance level is near our entry. This resistance can stop the possible upward movement. That's why...
Price bounced from MA100 and 120.00 support level. RSI confirms price reversal. MACD shows an upward movement. But DMI confirms a downward movement. If you want to get an additional confirmation for this upward movement, you should wait for ADX line reversal. We have buy opportunity and we can open long trades higher than 150.00 level. Stop orders for these trades...
Price diverges with RSI and MACD histogram. It's a bullis divergence and a signal confirming price reversal with possible upward movement. We can see that the market is going to bounce from the support level. RSI and a bullish candle confirm price reversal. MACD histogram confirms upward movement. We have buy opportunity. If price breaks 160.00 resistance level,...