Trade ideas
DASHUSD 2020-AUG-13DASH is coming off a low point on RSI, and a whipsaw movement that saw a rally up to the +4 upper bound followed by a drop to the -4 lower bound ( blue lines ).
Volume is significantly up on the pre-channel volume as well; so could be a nice undervalue position to take...
#crypto
DASH/USD LONG SET UP (HODL)Title : DASH/USD BUY SIGNAL
Asset : Crypto
Type : Limit Order Or Market First Entry
Time Frame : WEEKLY
Entry Price 1 : $88.50
Entry Price 2 : $86.50
Stop Loss : $83.50 (50 PIPs)
TP 1: $93.50 (50 PIPs)
TP 2: $98.50 (100 PIPS)
TP3: $103.50 (150 PIPS)
Tp.4 $108.50 (200PIPS)
Tp.5 $113.50 (250 PIPS)
RISK MANAGEMENT
DASHUSD Look For Deeper Corrections and Add in the BuysHi traders:
DASH is looking great for more upside potential if we get the right price action and structure now.
From my previous outlook on DASH, we saw price broke out of the higher time frame continuation structure, good sign that the bull momentum will continue.
Once it broke out of the structure and a strong bullish impulsive move up, naturally I will look for corrections to scale in more buys.
We see price has already quiet a bit, so I would be more patient to wait for a larger, deeper correction to form here.
I expect the correction once its complete, can take the price up to the recent tops.
Thank you
Dash is taking off!!strong breakout past resistance , hoping for a pull back for the continuation of this upward momentum
There is a trading opportunity to buy in DASHUSDMidterm forecast:
While the price is above the support 32.75, beginning of uptrend is expected.
We make sure when the resistance at 87.90 breaks.
If the support at 32.75 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 76.15 on 07/13/2020, so more losses to support(s) 66.10, 57.90, 48.30 and minimum to Major Support (32.75) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 53.
Trade Setup:
We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22.
Take Profits:
TP1: 79.90
TP2: 87.90
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free
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DASHUSD Update: Profit=452310 SL=15356 Reward/Risk> 29.4:1 Trade Setup summary:
Profit targets=452310 pip (1380 + 2180 + 5100 + 7605 + 11845 + 19465 + 33355 + 55640 + 73725 + 91790+ 150225)
Stop Loss =15356 pip
Reward/Risk > 29.4 : 1
Current Status:
Total Profit: 12579 pip
Closed trade(s): 809 pip Profit
Open trade(s): 11770 pip Profit
Trade Setup:
We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22.
Closed Profit:
TP1 @ 79.90 touched at 2020.07.28 with 809 pip Profit.
Open Profit:
Profit for one trade is 82.51(current price) - 71.81(open price) = 1070 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1070 x 11 = 11770 pip
Break Even 71.81
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (66.10 - 57.90) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1: 79.90
TP2: 87.90
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
There is a trading opportunity to buy in DASHUSDMidterm forecast:
While the price is above the support 32.75, beginning of uptrend is expected.
We make sure when the resistance at 87.90 breaks.
If the support at 32.75 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 76.15 on 07/13/2020, so more losses to support(s) 66.10, 57.90, 48.30 and minimum to Major Support (32.75) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 53.
Trade Setup:
We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22.
Take Profits:
TP1: 79.90
TP2: 87.90
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DASHUSD Update: Profit=452310 SL=15356 Reward/Risk> 29.4:1 Trade Setup summary:
Profit targets=452310 pip (1380 + 2180 + 5100 + 7605 + 11845 + 19465 + 33355 + 55640 + 73725 + 91790+ 150225)
Stop Loss =15356 pip
Reward/Risk > 29.4 : 1
Current Status:
Total Profit: 12579 pip
Closed trade(s): 809 pip Profit
Open trade(s): 11770 pip Profit
Trade Setup:
We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22.
Closed Profit:
TP1 @ 79.90 touched at 2020.07.28 with 809 pip Profit.
Open Profit:
Profit for one trade is 82.51(current price) - 71.81(open price) = 1070 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1070 x 11 = 11770 pip
Break Even 71.81
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (66.10 - 57.90) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1: 79.90
TP2: 87.90
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Diamond Dash did not join the altcoin rally yet, if you look at the daily graph, I see a huge diamond. When it breaks upward, it will make x2 x3. Be patient and wait for the break, don't leave the train early.
DASHUSD Flag SetupTrade the breakout accordingly. The dashed line are for the closes of the candles and the solid line is for the wicks.
Dash will rise but he will rest!!hello dear traders i tasted this pattern and analysis so many times so when we are above 20 ema and we rise and come back near the line of 20 ema and again we rise up this means market will be profitable so if you didn't enter the market you can enter now.
tip:my opinion is that dash will short for a little time ( near the green line) but after that will rise up and go long.
if you wanna make profit it is time don't waste it
