DASH is gearing up for a big move that could see it rise several spots in the market cap rankings. Now sitting at 14th spot it would not take much for this token to gain 4 or 5 spots in the ranks. Currently trading just below the $95 level it is up about 50% since hitting its bottom and looks like it could easily move up to the $120 level in the next few weeks to...
I like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit:
data.bloomberglp.com
Please take the time to follow Cryptorae on Twitter if you like this chart :-)
TradingView chartsetup: Credit...
I tried to make a good reflection of the whole cryptomarket. I only could do this with coins that been trading for more than a year. Otherwise the chart did not work. So I made a chart with the following coins:
BTC, ETH, XRP, LTC, DASH, NEO, MONERO, XEM
If people also wanna chart on this chart use the following...
Taking into account the Stoch RSI and the previous cycles in this bear market, Dash will most likely begin to establish a new support in the range of $75 to $80 and could potentially make a move up to the descending resistance in the neighborhood of $115.
In the event that there is enough power to break out of the trend, the next move up could see the price...
Okie gents, Looks i was correct about last month, and this confirms we are now in an ascending Triangle, and in a bloody channel, which can mean 2 things, Either this is a bear Flag, and we just about to have 1-2 wave into more Bear market, or this slow and volatile range bound trading that will eventually will want to test main descending resistance.
Carefully,...
Pattern: Channel Down on 1W.
Signal: Bullish if 105.000 breaks. The last two previous attempts to break those waves failed which resulted into Lower Lows.
Target: 200.000.
Hello crypto traders
It seems that Dash is ready for a quick short. As you can see, I can count a perfect ABC that retraced 38.2% from the plunge from yesterday. Which basically means that we have to go lower again. In this case, it could be quite severe though. I'm looking for a 10% decline!
I will place my stop at the 161.8% level ($88.4)
Stop: 88.4
Target: <79
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