Zum Wochenabschluss noch ein weiteres Schmuckstück mit starkem Potential.
Charttechnisch ausgehend vom Allzeithoch dieser Währung bei über 1300€, steht der Kurs aktuell bei etwa 70€.
Der Coin ist zwischenzeitlich sogar bei 30€ gewesen, wo er wie ich vermute auch seinen Endpunkt gefunden hat.
Seitdem gab es einen ersten Aufwärtsimpuls der sich aktuell in einer...
Prediction for DASH future route.
- Methodology led to conclusion to be disclosed if prediction gets verified by markets in June 2020.
Lets see if my calculations prove right.
Be modest. Be bold. Behave
Disclosure: Please be informed that information I provide is NOT a trading recommendation or investment advice. All of my work is for fun purposes only.
I noticed that DASH recently broke through one of its main resistance trendlines (diagonal one) and retested it kinda but not strongly yet.
Also if you can see volume is increasing and it's mostly the upward movements that are made by lots of volume (seen on lower timeframes).
Still however the volume is currently in bearish triangle pattern and will need to be...
Values could be near enough for bullish Gartley. I'll try to enter on pullback near short term support line and 0.618 Fib level with stop loss bellow previous low, mid target at 0.38 and final target at 0.618 Fib level of last drop (C to D).
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
DASH is fighting around/between 117 - 119 EUR for several days, which is area of previous support/resistance long time ago. DASH/USD chart bellow gives nicer view as it also has more data.
Cypher pattern can be spotted here, as is shown on chart. 300% gain is in play here, so don't expect it will reach point D tomorrow (or ever - future is funny thing :) But DASH...
- Rising wedge
- Declining RSI
- Once it breaks support we will go down for a while
- On every support (orange lines) we will probably make a little bump, so use that to make some little profit
- If we break the major resistance (red line), Dash is going down to the fib 1.272 (blue box)
- From the fib level 1.272 it's time to go long on Dash...
. DASH/EURO is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Price is in the support zone (332 to 229), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
It has been a while for me to update Dash against the euro. However there seems to be an exciting (short/mid term) opportunity ahead.
As Dash consolidates further into the end of the triangle, it could break in two different ways.
Red bear line: if we break the triangle bearish, expect fall back until at least 454 euro
However, I think Dash will...
Dash is still recovering. Although its above the green cloud (Ichimoku) it still has to find support on the Fib extension. An earlier attempt to find support at this level didn't hold and the price crashed through.
Missed the opportunity of buying in early stage.
It is nice to see how the corrective waves hit exactly the targets as expected for a crypto correction. A wave until 0.618, B wave 0.618, and shallow C wave until 0.5.
Sell; 1090 euro
Buy 1; 970 euro (End of wave 4)
For long term investors I would suggest to buy now and buy with a small...
Because of the significant Low on the Volume on the Head and the upcoming retracement Bitcoin will make in my opinion because of the holydays and the CME Futures lunch it is possible.
The following days will show :D
As described in last analysis, DASH reached the Fib 1.786 target and is now consolidating. A bullish triangle pattern is forming on the 4H chart.
If this pattern breaks in a bullish way, this could be the fifth Elliot wave, and the last wave before the correction downwards.
- Safe buy target: 676 (after bullish break)
- Risky buy target 649 ->
- Sell target 765