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Dash (DSH/USD) 1D: Elliott Wave Analysis👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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DASH simple s/r flip As we can see DASH has shown an HTF s/r flip. If it holds support in the green area it leads us to a $280 first price target, completing the market cycle on the 1D. Next target would be the 2nd black line, which would be the weekly S/R and weekly candle that led to the sell off in may. Stop loss / invalidation below green zone
DASH.usd near term Support Resistance map, $26x maybe local topPlotted are 3 different fib series from different time frames.
The thick Gold and Blue levels are from a very high tf fib series.
The others are local, including one for the last leg up from $185.
$ 265 - 268 would make for a good topping zone.
$ 232 - 233 is a good immediate support to hold.
$ 233.45 Golden fib is a MUST-Hold to keep trend.
For reference, here is the "Big" fib with the thick lines (weekly timeframe):
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
DASH Cup and Handle with Eliot AnalaysisAccording to the chart via the strong pivot resistance line which has crossed with blue color, already, has illustrated cup and handle at this time (daily & 4H time frame).
As the result chart has bullish pattern with cup and handle, plus, our cup and handle target is about approximately between 268$ and 274$ , in addition, could be created Eliot pattern with Fibonacci overlap lines on 50% 78% 161.8%.
however, RSI in daily time frame shows us the price might drop, although, RSI in 4H time frame already looks bullish.
To sum up, Dash might pump up caused its chart patterns, moreover, BTC price might affect on the DASH`s price. For taking position, it`s necessary to watch BTC.D, USDT chart and also USDT.D chart to take a better position on the coin.
Update: DASH Long - Target £1200SUMMARY: Long, EMAs and oscillators are catching up before next push up and out of accumulation zone
-- Technical --
Forming HHs and HLs (most important) on the daily - bullish
Above the EMAs and MAs and they are holding as support - bullish
Note, always dependent of BTC price action (see link)
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*Not financial advice and is for educational purposes only. Always DYOR.
$DASH Next Resistance Like so many other coins at the moment, $DASH is at a key resistance. If we can break and close above $190 (preferably with a weekly candle close), good things lie ahead. Again, I cant stress enough how so many coins are at similar set ups. The next few days should prove to be rather telling.
DASH Buy a break setup.DASHUSD - Intraday - We look to Buy a break of 191.1 (stop at 186.8)
Daily signals are bullish.
The previous swing high is located at 190.4.
A break of bespoke resistance at 190, and the move higher is already underway.
We look for gains to be extended today.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 202.8 and 206.8
Resistance: 190.0 / 195.0 / 200.0
Support: 185.0 / 180.0 / 175.0
DASH Long - Target $1200 2021 Bull RunSUMMARY: Long, we could hit $1200 for this bull run based on Fibs Extension and Elliot Wave Theory
Drawbacks are regulators around the world are hitting hard on privacy coins like Dash, ZCash and Monero with exchanges like Coinbase reluctant to list them or even delist them.
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*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think? Let me know below.






















