We are trading within a new trend support line (purple)
I am looking for a *full* 2hr candle (open & close) above the resistance line (yellow).
If this happens I believe we will go up to 125-130 then correction to test the old resistance (yellow) as the support.
This alt-coin is looking really attractive for me right now :)
there are 3 trend lines I saw and drew, the first is gold, 2nd is blue, 3rd is purple.
At trend line 1 after the first intersection the price bounced up.
Trend line 2 after the intersection, same thing happened.
Trend line 3? well they call it a trend for a reason lol
It seems that were headed back towards the supporting line on the most recent trend line (3)....
Hello and have a good time
If it does not cross the support line and goes up, it will move up and down the channel, if it crosses the support line it will become a resistance line, which is likely to fall, but for now we have a reverse cup, which makes it more likely to fall.
Good luck.
Not financial Advice: DASH on the daily have provided a double bottom, with a head and shoulders in the RSI. If you are into elliot wave theory, we may have closed the ABC regression and are on the start of wave 1 for the next leg up. This could be very rewarding over the next few months. I also believe we have closed on a bullish pennant. As well, I have drawn...
If this is the count, the third is a 1.27 extension of the first (log).
We saw a nice reaction at the 50, a good target for a fourth.
If we're heading into a fifth I'd be looking at targets between 10-15k. Sounds ludicrous, but so did 1.5K.
We could see a decent bit of sideways action through 2020 with things picking up towards end of year.
I wouldn't want to...
Buenas traders!
Aquí dejo de nuevo una proyección a largo plazo.
Creo que Dash y otras criptomonedas podrían darnos un gran rendimiento este 2020.
El R/R es de 4,92
Saludos!
DASHUSD is pulling back on the 1D chart after crossing above the MA200.
Levels to watch:
- This pattern is called "Bullish Flag" when the dominant move is an uptrend. Buyers take profits temporarily and re-buy a little lower.
- A similar pattern took place last April/May. The parameters are similar. Break above the MA200, then pull back towards the same MA...
There is a trading idea that is based on the price reversal from the 100.00 support zone. RSI confirmed the price reversal as well as MACD histogram. If the price breaks the local downtrend line, it will give us a new bullish signal and a buy opportunity.
Entry Price: above 105.45
Stop Level: below 89.05
Profit Level: at 138.40
Risk per trade must be no more...
Signal
Pair: DASH/USD
Position: Short
Entry: 102.90 or above
Target: 92.30 or below
Leverage: 5x
Potential ROE: 50%
Duration: 3 days
*manually closed at $94.60
*gross Profit: 39.85%
Take a look at this H&S.Wondering if DASH is going to do a confirm a double bottom and then go bullish. we have to wait and see but this H&S breaking to the downside is not a good sign.
not investment advice please do your own research.
Hello, This is my first post on this site and I dont have pro/premium so I cant add the other indicators.
I gotta say that this looks like something will happen, I don't want to say that this will go up but TBH I am hopeful. I think we are *still* at the beginning of a bull market for crypto.
100MA is currently (Date: 1/22) above the 50MA and the 50MA is (in my...
Hi Traders!
Since you asked a lot about this coin, today we chose Dash for analysis. Since the beginning of the year, e.g. in less than a month, growth has reached over 270% . Although we have already seen the correction, it's still over 180% up in comparison with the beginning of the year. How will the correction continue?
First of all, we must say that such...
On the movements #Dash and #XRP you can see a very similar picture.
Is a clear trace of the fractal.
I waiting for XRP in the region of 40 cents, for a clear working out of the wedge.
DASHUSD Potential Plays:
(1) Wait until heads higher and try to turn daily candle green, 130-140 area. Lots of resistance there. Look to play the reversal with potential breakdown lower. Above 143, if BTCUSD shows strength, abort and switch to Long. Almost impossible for this to happen today, but probabilities are on the short side.
(2) Wait until it heads...
The daily chart gives us opportunities to think about buying based on reversal signals from the important support zones.
The price reached 140.00 resistance and bounced. We got three bearish candles, which confirmed the correction. RSI is not far from the overbought zone, and it tells us that we have room for the downward movement. MACD histogram supports the...
