Looks like dash broke the yellow resistance.
Bigger resistance is shown with red line.
2 possibilities if btc stay flat :
- can't break the red line, back to yellow line tp 0.0079
- break the red line, tp1 0.0096 / tp2 0.0107
This chart shows a very long accumulation after the move up in 2020.
We can see a good volume during August while the price is ranging in the lows of the Descending Triangle.
I would expect it to pop higher Before October
We are currently trading in a small falling wedge (yellow lines).
This wedge could break up soon.
If you zoom out on the chart you can notice this wedge is part of a bigger falling wedge (resistance is shown with red line).
Once the small falling wedge breaks, the first target is the first blue line at 0.00794 which represents the bigger wedge resistance and...
Hello, dear friends! 🧡
Continue my hashtag #rocketbombquickidea for you🔥🔥
If you like such format of my quick analyzes, support idea with like 🧡. I'll try to find more opportunities for making 💰
Always in touch with you🧡
Sincerely Your Rocket Bomb🚀💣
Dash devs have been busy the past few years...speeding up transactions via InstantSend/PrivateSend, dash pay, and as of late they have infiltrated the markets in Mexico; providing them with options to use a Dash debit card for their purchases. The technicals are showing that Dash has already started its new cycle and is close to beginning a long term...
We can see bullish signal - Bounce from very strong support at 0.00746.
Targets:
1. 0.007925
2. 0.008470
3. 0.010030 (mid term target)
Enjoy! If you agree pls hit like button :)
$DASH
Current BTC activity lead to a retest of support level around ~740k sats (good for entry)
Overall picture didn't change much, still breaking from multi-year descending trendline w/ UCTS buys on HTFs
Once volume (IF) starts flowing in, aiming for 0.01sats per #DASH (~40%)
The previous analysis fell a bit short with Dash moving a bit lower prior to going up only to come down and test previous low but bounced back from it. Volume is shaping up but I would want to see a close above the immediate resistance zone above for more upside.
TA Explained
DASH broke bullish against BTC! As can be seen in the chart it broke out of two parallel channels. The first is a local channel which was broken and retested successfully as can be seen on the 12H chart.
The second channel goes back to January of this year where is was formed as the flag of the first big impulse of this year. Actually that one on...
DASH/BTC is actually sitting on the massive support and printing the ascending triangle on the 4hrs. Similar pattern is also developed on the usdt pair which you can see in the chart below.
With the bullishness of the market, it could be easy money.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
1-retest of the triangle breakout to the upside
2- successful retest of the point of control (red line) meaning that buyers are in control
3- just trying to breakout the 0.008 resistence which also corresponds to the upper part of the retracement area (blue box)
A close above that level would be bullish up to the second blue box (fibonacci extension) which is at...
