DASH is following a very similar structure that XRP followed back in 2020. In both structures ,after the initial rise ,there was a backtest of the breakout level followed by the breakout where in both structures there was a distribution phase before the capitulation and after the bottom was set in ,there was a backtest near the bottom. In both structures ,the...
DASHUSD LONG SL:180.247 TP: 213.013 RRR: 2.05 Price faked out of a 4hr trend and is coming off a respected line of support.
all on the charts, have a good week :) dyor before investing.
dyor before investing elliot waves , bullish break out + retest
Guess what? We are trending, but you didn't hear it from me.
DASH, price already broke on the triangle. There is a resistance though at 260. Will the price break from the resistance.
Alt coins are all running one by one. Dash is almost ready for a bull run as it's breaking out from bull flag. Waiting fora break above 146$ to take a long position.
I am extremely bullish on dash and think we will continue to atleast the purple or orange area. Nice falling wedge on the weekly popping off WHILE another falling wedge on the daily is popping off. the daily is also bouncing off a major support level/ The declining volume looks fantastic
I like to put things in perspective. To me it's a rhetorical question obviously and I DON'T think this was a bull cycle, rather just the beginning of it. Have you done your homework too?
DASH should be breaking out of this formation soon. My guess is to the upside because the market is on fire. Entry would be on the breakout.
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As we can see DASH has shown an HTF s/r flip. If it holds support in the green area it leads us to a $280 first price target, completing the market cycle on the 1D. Next target would be the 2nd black line, which would be the weekly S/R and weekly candle that led to the sell off in may. Stop loss / invalidation below green zone
SUMMARY: If we are in a crypto super cycle - not sure about it - however, we could be looking at a top, on a TA basis, of DASH =$6700 Following Elliot Wave theory, a super cycle could take us up to the $6700 market.
resistances in the way of $1100 or $1260: R1=$344 R2=$403 R3=$595 R5=790 R4=$910