As you can see in the chart!
50% is left to the next key S/R level. This confluences with the classic target of a symmetrical triangle the coin seems to be printing right now..
Aggressive trader enter at the triangle support with tight stop loss.
Safe trader wait break out of the triangle and enter on retest with tight SL.
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right now DASHBTC is sitting on weekly support zone of 0.01-0.011 btc, as you can already see that prices have tested fib382 support level and looks ready for a new impulse wave
already altcoins MCAP is growing rapidly so DASH...
Dash seems to be close to finish its Elliot Wave 2 in a huge symmetrical triangle. It would be an excellent coin to invest in the near future.
We suggest to open long when it break out of those triangle.
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Looks like DASH is fuelling up for a big launch. It made some epic gains in January, but during this last run that the other big coins have made DASH hasn't really moved much. Seems like it's forming a bull flag. Looking for a close above the resistance line with some volume. Happy trading.
Dash went for a nice run at the beginning of january and retraced nicely with nice bounces off the .50 fib and accumulating between .382 /.236 indication of bullish signs in the future. Another strong confirmation of bullish signs is the flag and handle chart pattern. In the past this indicator has been signs for bullish movement. Buy zone is 11k satoshis to 13k...
We looked at Dash (DASHBTC) on the weekly time-frame, long-term... Many people asked for a new analysis and you can find it below:
Now, DASHBTC produced a very strong move which is clear to see on the chart. Dash doesn't do half up/half down... When it goes, it goes.
Today’s chart update will be on DASH which has respected the golden pocket Fibonacci retracement level and is putting in a potential higher low.
Points to consider,
- Bullish Trend
- Fibonacci levels respected (Golden Pocket)
- Stochastics in upper regions
- RSI respecting trend (Bullish Divergence)
- EMA’s cross bullish
- Volume increase...
Dash went back and hit its 2015 support before bouncing and becoming strong... Now we are having serious bullish action on low volume, signaling that this is only the start.
Notice the MACD is still below the 0 line yet, DASHBTC is already challenging EMA50.
After the first wave is completed there will be a prolonged retrace that will likely end in a higher low,...