I first saw this setup in March this year and thought "Dash under $100??? Yeah right". Well, here we are. For this setup we've got a less-than-textbook doji bar midpoint but it nevertheless signified a pause in a strong down move.
Yet again there's some serious inter-exchange differences to contend with since this setup involves the 1,500+ spike in December ...
Rockets red glare! Who needs govt we have Dash!
Dash has touched long term support. It should be all uphill from here. First stop 50 day moving average. 2nd stop 200 day moving average... Then new ATH sometime between tomorrow and end of 2019.
If we break lower... Then... The bomb bursting in air will have to suffice.
Godmode shows massive oversold ...
On the scale of one week, we see that this market, relative to its global growth wave, has made a more than full-fledged correctional rollback. The cost fell to -91% of its peak value, where a new dense support area was found. At the moment we are still in this zone, most likely we will have a sideways movement for some time, and if support will keep the ...
DASHUSDT is falling but falling correctively. Which is giving us a signal that breakout for upside is about to come very soon.
How You can trade on this chart.
This is a longer term chart. Any trade you will take on this chart will be for longer term.
1. Look for short term sell on breakdown of the lower degree correction and then look for buy at the ...
With the bullish market sentiments, there is still more ups to go for DASH.
The diagram is self explanatory where yellow and green are support lines and red being the resistance lines.
-RSI comes more important when its a bullish movement. Note the RSI chart and points of entrance and selloffs.
-222 will be the main resistance
Note: It is in the ...
I see a potential opportunity forming for a short DASH trade. The assumption is that a HS pattern is forming especially the last stage where we will see BTC have lower lows. Keep an eye out and plan your entry.
Targets 77% and 106% Gain
5:1 and 7.5:1 R:R
BTC needs to hold 6450 and 6750-8750 to stay bullish.
Part two only engages if 6750-8750 is held.
**Risk if holding trade to max target should be 13% loss. That's why 18:1 instead of 21:1 R:R**
Any questions welcome