Trade ideas
DASH GOING FOR THE BULLS Dash has barely broken above ZONE A pushing upwards with bullish momentum. According to my analysis it should consolidate a while after breaking ZONE A and closing above it then form a price action pattern like a double bottom. I strongly advice to wait for a candle to be closed and have little retracements or pullbacks. My Target is very close to ZONE B which serves as a nice support for the market 👌. Follow me for more analysis
Buy limit @$180.00 Target@ $440.00 date Jan 2,2022 Dash Token
Buy limit @$180.00 Target@ $440.00 date Jan 2,2022
Buy limit @$175.00 Target@ $440.00 date Jan 2,2022
Individuals · Businesses · Get paid, shop, pay bills. ·
Get the app · Get Dash · Get Going! · DashPay Wallet ·
Real world vendors accept Dash currency.
Project Website: www.dash.org
Coinmarket cap: coinmarketcap.com
The live Dash price today is $237.10 USD with a 24-hour trading volume of
$1,153,793,042 USD. Dash is down 1.70% in the last 24 hours. The current
CoinMarketCap ranking is #42, with a live market cap of $2,375,494,591 USD.
It has a circulating supply of 10,018,842 DASH coins and a max.
Supply of 18,900,000 DASH coins.
Quickpost: Dash to more than double before next major pullbackGreetings, a lot is shown on the main chart and there will be one more chart in the post.
Analysis
Nested structures are performing
Falling wedge target is Hight of the wedge
Triangle target is just shy (measured moved not shown for simplicity sake)
Flagpole Target will get us most of the way to full target at the orange trendline
9 Season Rainbow explained on the chart. Deeper explanation found here
Wider Shot (monthly)
MACD EMAs about to cross bullishly
My training and experience leads me to see a rejection/consolidation at the orange trendline
Likewise, expect the orange trendline to be broken and then tested as support
Closing remarks
Money is:
Store of value
Divisible
Fungible
Unit of Account
Bitcoin seeks to be money with an emphasis on store of value. Other coins want to be money but don't empahsize the store of value, they focus on the the fungible/divisible aspect. These are the currency coins and when BTC slows down they will take off as a replacement currency for failing fiat. Just as the normal pattern is for Gold to move first and then silver to over-perform, BTC moves first and then the currency coins like Dash move later.
DASH ready to continue dashing up?! 🚀 Aright guys, we have a clear cut and simple trade here. The most important structure that was broken is the ascending trendline at the 200 area. Price broke through and above and is now at the retest of previous resistance turned support and the 78.6% level. Price is also forming a double bottom or a “W” also indicating a bullish reversal
Dash has given us a beautiful opportunity for reentry (previously bought below $100).
HODL 🚀
*TIP: Dash and ZCASH have an excellent positive correlation
TECHNICAL INDICATORS GIVES POSITIVE SIGNAL FOR DASHOn coming to the shorter time frame of 4 hours, the coin has formed a trapezium. If the price breaks above 5% of the current position, it can see a rally of 20% in upcoming trading sessions. The DASH price can also see a new low if it comes below the trapezium.
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