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Since Bitcoin has been good to us Bulls, DSHUSD was an apparent crypto to look at as well.
Drawing a Fib off the Daily time frame, we can see there is another huge opportunity for Bulls to continue upwards and take profit at the 38.2 reversal zone.
If we go for analysis base on shaped patterns and
fibo levels for easy analyse we can see
clearly triangle pattern shaped in 4H TIMEFRAME
and drawing 2 FIBO we can see bullish trend
started from 0.618 fibo support area
and right now price going towar 1.618 FIBO
ob 136.261 in this analyse i used super trend
On the 4 hours chart, the price found support at 65, where a divergence formed between the price and the RSI, indicating a temporary cessation of the downward movement. In addition, the price has broken the trend line.
An upward impulse is forming on H1, which heralds a possible continuation of the price growth, while the price found support at 67.
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If the market can stay above 100.00 level, we will get a horizontal price channel with the borders between the resistance level at 140.00 and the support zone formed by 100.00 and 92.00 support levels.
If so, the price reversal from the bottom of the price channel can be used for buying. Stop orders for long trades can be placed below 92.00 and the main profit...
Possible short. Double MACD - both slow and fast, below the zero line, Stochastic is crossing down into a sell position. Trend is below 50 MA, 34 EMA. Wait for a bearish candle pattern and fall below the 8 EMA T-Line (white line) before entering. Not advice.
There is a trading idea that is based on the price reversal from the 100.00 support zone. RSI confirmed the price reversal as well as MACD histogram. If the price breaks the local downtrend line, it will give us a new bullish signal and a buy opportunity.
Entry Price: above 105.45
Stop Level: below 89.05
Profit Level: at 138.40
Risk per trade must be no more...
The daily chart gives us opportunities to think about buying based on reversal signals from the important support zones.
The price reached 140.00 resistance and bounced. We got three bearish candles, which confirmed the correction. RSI is not far from the overbought zone, and it tells us that we have room for the downward movement. MACD histogram supports the...
The price made a huge upward movement just within 2 days. If you bought the coin using the breakout signals above the downtrend line and SMA100, you are in a good profit now. You should have a plan how to manage your trades. If yes, you must follow it.
For those, you have profitable trades without any ideas about how to manage them, and for those who missed buy...
We have to see if will go up. For this pattern in more that will go up but we have to see what will do BTC. If BTC will be in netural no big move it will go up.
If BTC goes down than will DASHUSD go down.
The price broke the main downtrend line. Now we can see an attempt to move above the resistance zone formed by SMA100 and 60.00 resistance level. This movement can give us another bullish signal.
I think the market should be added to a watchlist if you want to build a stable portfolio. I don't want to buy base on the breakout, because the market can move...
The market reached the bottom, and the price action in this zone can give us trade opportunities and signals confirming the further direction.
We can see that the price bounced from the support zone between 50.00 and 48.20 several times. If the price reaches this zone again, we should be ready to see a reversal. RSI and MACD histogram will have to confirm this...