. There is a possibility of temporary retracement to suggested support line (71.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. DASHUSDT 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.
Dash - Short term - We look to Buy a break of 77.62
Price action has formed a bullish ascending triangle formation.
The bias is to break to the upside.
We look for gains to be extended today.
Trend line support is located at 75.50.
Short term MACD has turned positive.
Our profit targets will be 84.59 and 87.48
Resistance: 77.50 / 79.40 / 84.80
Bitcoin dominance is currently forming Head and Shoulders reversal pattern, that is bad for altcoins. I see this descending triangle on DASH, which is an extremely bearish setup. Also, this coin is breaking down from a major horizontal support. I still miss one more impulse Elliott wave to the downside. Please see related idea below this technical analysis for...
BTC launched in 2009 and DASH launched 5 years later, in 2014, is DASH one full cycle behind BTC?
The 2017 boom bust cycle of dash looks like BTC in 2013. In that year BTC had a big run up from ~$12 to $1178 and crashed back down to about$150. And I think we all know what BTC did in 2017. In 2017 Dash went from about ~$1 to $1,600 and crashed back down to ~$33....
In the daily chart of DASH, we have some confirmations which will be supported after hitting the support line.
Gain : 36%
entry : 61.80
TP : 84.17
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DASHUSDT created the Triple bottom on monthly support.
IF the price will break the descending channel and retest the previous resistance as support, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
View on Crypto DASHUSDT (8 Sept 2020)
We are seeing a trong headbutt form the bullish side.
If $60 level can hold, it may rise back up to $85-$90 again.
DYODD, all the best and read the disclaimer too.
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Dash - Short term - We look to Buy at 64.4 (stop at 63.7)
We look to buy dips.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Previous support located at 64.0.
A lower correction is expected.
Dip buying offers good risk/reward.
Our profit targets will be 66.6 and 67.8
Confidence - 71%
Resistance: 67.0 /...
Hello dear traders as we know we had a decrease on the volume and we are in under 50 ema so that means a downtrend (+making lower lows)
if we break the resistance (green lane) possible target is upper black horizontal lane.
if we break the support (red lane) possible target is down black horizontal lane.