Dash we have a winning trade - Target 1 and Target 2 now hit
Dash Long trade was publicly announced in advance and is not a hindsight trade.
This is the advantage of educating yourself in the Crypto markets - please see my profile
Hope this helps.
Sean Vengan Professional Cryptocurrency Trader and Trading Educator
Dash broke to new highs from an alternate wave 4 as we also showed on chart as one possibility in our past updates. As such we are going with this bullish count now since we see DASH in strong bullish movement wave 3 of 5 with first target @300, because of psychological level right at 261,8% extension of wave 2.
Consolidating price movement, fundamentals and Rsi strengthen possibility of large upside. Big move coming in the next 2 weeks, could be either way, set tight stop loss around 185.
Waiting for breakout day - our patience has paid off.
Using the previous days low as the stop.
Let's see how the trade develops.
Next resistance is at 240 but may be only a temporary obstacle.
As forecast, DASH log trade has come good.
T1 target hit on Dash - we can book in 50% profits giving us a free ride. We now can sit back and enjoy.
Always lock in profit. This way when you have losers they get quickly covered.
T2 and T3 in sight.
Hope this helps.
Sean Vengan, Professional Cryptocurrency Trader and Trading Educator
If price development keeps on following the middle line, expect +/- 1000 USD at the end of the year.
Note how often the price touched both the top and down boundaries.
If we enter 3 of 3 now, the price might follow the steeper line and even end up around 2000 USD at the end of the year.
But if the price cannot break the small downtrendline (next to small "1"),...
DASH chart is shows support at 115, 150 and 170.
Triangle pattern is forming = buy at base of triangle near 170 or breakout above 220.
An entry here would use 170 as stop level. Prefer to wait and buy on breakout if it eventuates.
after DSh hit the wall at $219 we see drop but DSh end his down move ? until dsh still have more to next stop Allah willing will be $148 keep eye on it
we ask Allah reconcile and repay
Dash is behaving within the boundaries of a rising triangle, but with great volatility.
I would not consider this asset for swing trading, but for day trading instead.
If trends continue, Dash may be considered for day trading 2nd week of August. By that time, it should be on a general uptrend, possibly improving the chances of profit during...
Dash was hovering at an all-time high for quite some time and helda strong position for a while gaining 40% in price after the mid-July crash. Up until now, it seems its holders were unwilling to sell it off, but it seems the fact it has been high for quite some time coupled with the massive sell-off of altcoins (probably to pump that money in growing BTC) has...
The trend line support has come to the rescue... A solid rebound if followed by an end of the day close above 10-DMA would signal a bottom has been made... Dash could then proceed to revisit the recent highs around $240.
Sellers could come-in below the trend line support.
