Cup with handle other cryptos have also broken out already tooDASH is moving on this Saturday higher risk due to weekend trading but looks like it could make a strong breakout of this cup-with-handle pattern
Trade ideas
Most are not ready for Dash's bull RunBackground
It was only little more than a month ago that I was going through some coins I don't normally look at, basically doing my due diligence, when I was struck by the market structure of Dash and now I think the history in addition to its utility as an actual crypto CURRENCY suggest it will do the best out of the old guard of crypto currencies. There may be some upstarts that might out-perform DASH but with the ability to have some chart history we can find previous significant levels and use the fib log channels to our benefit.
My linked post will show my history of bullishness on Dash and might lend credence to my claims that I have been beating money out of Dash as well as other currency coins for the last month or so and would explain my relative disinterest in platform coins like ADA, DOT, ETH and such.
Analysis
The chart shows what I have identified for myself as the Crypto Fractal. Nothing goes straight up but crypto, benefiting from both adoption and quantitative easing and "money printer go brrrr" does about a good a job as we could want an asset to go straight up. From here the blue line charts a path I have seen a lot of premier coins take, like Monero, Link, And Ethereum as they retrace their bear market. Bitcoin was so unbelievable bullish that while the similarities are there if you followed that chart you would probably get surprised by the alts slow movement.
One key difference between Dash (and Monero) compared to BTC, ETH and Link is that when it came to the double bottom that defined the market that Dash and monero had lower lows on the while BTC, ETH and Link had higher lows. This means there is some SWAG (scientific wild ass guess) to how I placed my baseline anchors for the zero line on Dash. My self-training and experience tell me that I have done well based on the activity around the 0.5 and 0.236 levels have acted as support and resistance. Further that, the fact that the previous ATH is only off by a few single digit percent from the -0.236 level and the -0.382 level helps define quite well wicking on the monthly chart (not shown) gives me comfort that the fib channel extensions will be very useful.
Price Action
Moved quickly from the .236 to 0.5 Fib level
Consolidated on the 0.382 level which coincides with the bear market high
From here, the blue line charts a path were price action
Pamps to the 0.618 level, which coincides with the bear trap high
Retest the 0.5/$300 Level
Form a continuation pattern past the bear trap high
Advance to ATH
Reject and consolidate. Chart shows last time the drawback was 50%. Only strong hands need apply.
Advance to the 1.0 line, reject and consolidate
Advance to the next fib level.
Now, just incase you think this course is crazy here is BTC doing the same thing, only much faster. If you can't see the major fib levels acting as described above then you should work on that visual IQ. My assumption right now is what ever fib level BTCUSD goes to, DASHUSD will go at least one or two fib levels higher.
Here is similar analysis I did on BTC when I was 6 months younger. The TA was really good but I have advance a lot in charting and trading over those 6 months. I am within that 3-5 year timeframe of trading and charting where a lot fo things are clicking together a lot faster. It has been pretty stressful and painful at times, as well as euphoric.
Closing thoughts
One of my preferred youtubers for cryptocurrency, Steve Courtney of CryptoCrewUniversity just put Dash on his top 5 altcoins set to explode. He has slipped a bit into the formulaic titling and graphic used by a lot of crypto youtubers but the man has been in the game longer than me and no doubt he has had a longer history of sucess over me. The man listed Dash as one of his most undervalued coins. Given his experience and patience he probably needed to have some more conformation than I did before he put his name on it.
To a very large extent I trust my charting, especially at longer time frames, that if he didn't mention Dash I would be fine. I was fine the last month beating money out of Dash. I am at the point of my trading career that I count good trades in mortgage payments. Earlier I counted them as days of pay or overtime shifts. I am sure people out there are trading months or years of pay at their last job. But it is comforting to see that someone that is probably pulling my yearly pay out of his trades and investments sees what I see. Makes me think that so long as I don't go fully reee on my margin trades and position size I can quit the rat race soon enough.
Please review the linked ideas to get an understanding of how I think and trade before you put on any orders based on my TA. I am not qualified to give financial advice or trading advice...yet.
DASHUSD 4/10/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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This coin is not flying as much since I posted this TA below. But still Elliot Wave counts is valid.
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1M
Wait for Bullish Crossover
1W
Good still above MA 200 (white)
1D
4HR
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
DASH Still Has More Than 1100% In it, If Everything Goes RightFib. extension level 4.236 on a DASH price chart takes us to about $3400, where retracement level 0.236 was acting as resistence where it was retested prior the capitulation on 3 Sep '18 (shown with yellow arrow). It is a pure speculation that is very likely to happen now that we are on a verge of an alt season.
I am not a financial advisor so non of this is a financial advise.
KRAKEN:DASHUSD
DASHUSD Forecast
DASHUSD possible set-up.
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
DASH Double top (M) then dropHello traders and analysts.
I have imagined this when I saw the evolution of the DASH. A double top (M) then a fall due to the invalidation of the resistance.
It's an idea to stay on DASH and sell at the top which is around $325. It's not too late to open a trade now.
Give thumbs up and like if u agree.
This is just an idea and not a certainty. I am not a professional so trade safe.
Regards,
Investissor.
DASH double bottom & inverse H&S breakDASH is looking like it is trying to "collect them all" when it comes to bullish patterns right now from what I am seeing.
After hitting a double bottom in late march (dotted yellow line), it has further formed another inverse head and shoulder pattern and has broken the neckline today (dashed yellow line). Furthermore, this looked to be propelled by hidden bullish divergence on RSI (light blue dashed lines on price and RSI).
Right now Dash looks to be taking a break at the 38.2% Fibonacci retracement level. It should be interesting to see if it closes above the neckline for the daily chart.
I would also love to hear any opinions to the contrary as well as any other confirmations if you have them. If so, please leave a comment!
Dash is super bullish !Dash looks super bullish.
the price target of 645$ is only IF Dash does +250%
like it did last time touching support.
Pitchfork canal i used for possible uptrend S/R levels
in my opinion Dash can do +250% really fast,
but realistically we will have to wait, Dash will go up,
but not so fast, slowly and surely !
The best strategy is patience !
Dash and bright future! Dash shows a bright future during the next weeks! I predict more than 300$ for it.
Dash Made a GRAVESTONE DOJIWelcome in everyone!
Today I am going to be showing a 12hr Chart on DASH. First things first, WOW, was it intense emotionally last night and this morning. DASH moved up a decent amount last night, but being the patient people we are, we figured that DASH would stamp a gravestone doji on the 12hr, and it DID.
We entered into this descending triangle on February 22nd, and we fell under it on March 22nd.
Dash then tried to pump back above it, but got rejected from the bottom of the triangle on the 23rd and 24th.
We came back up to test this area again on March 31st and are still testing this area on April 1st (by the way- this is NOT an April fools post).
As you can see, the March 31st candle CLOSED as a Textbook Gravestone Doji, showing for a trend reversal from the fake-out between $181 and the $240 range.
This is very amazing news to expect that price will eventually retrace to the $136 area, next to the 200 Day Moving Average. This is because, not only did we have a gravestone doji, but it also got rejected from the 50 Day Moving Average AND the bottom of the descending triangle.
One thing I am keeping an eye on, is how our new 12hr candle closes. I expect that, even though at the time of publishing this idea, it is a green bullish looking candle, I expect its body to turn into a wick, similar to the gravestone doji that closed before it.
Hope everyone stays level headed, enjoyed this analysis, and has a great day. Be sure to give a LIKE and SUBSCRIBE if you found this helpful, and as always, be sure to do your own due diligence.
Dash to hit the 250 resistance and temporarily trend lowerLot of resistance at 250 for dash and oscillator and schotastics saying theres no gas in the tank. Look for a bounce off previous price levels and a temporary move downward.
The DESCENDING TRIANGLE that Nobody is Talking AboutHello everybody and welcome to another DASH Analysis!
I kept this chart very clean and simple, so you can easily grasp what is happening with DASH.
DASH entered into a descending triangle on February 22nd, and took the bottom line as support on the 28th.
From there, it hit the top of the descending triangle on March 10th, and since then, had many points where it wicked and consolidated in between the triangle.
This is where it gets exciting:
On March 22nd, we broke the triangle in a downwards fashion AND have just retested the bottom of the triangle as of today and yesterday. As of my writing this, today's candle has the potential to close as a dragonfly doji, while price is ALSO getting rejected from the 50 Day Moving Average.
Assuming that price does get rejected at this level, I expect price to eventually trade down towards $136.
There is a good amount of horizontal support at this level, combined with the 200 Day MA, and the bottom of my trend channel as shown in my other chart analysis' down below in the related section.
I hope you all enjoyed this simple, but yet, very informative chart analysis, leave a LIKE and SUBSCRIBE if you did. Have an awesome day, and as always, be sure to do your own due diligence.
