Behold! Alt season hath cometh!! So, naturally, and my recent objective has been to diversify further into alt coins, in order to capture the massive pumps that await. DASH is one coin that I have recently added to my portfolio. Here's why.
Looking at the weekly chart here, you can see that price has formed a clear, long consolidating bottom. In fact, DASH has been forming this bottom since late 2018. Additionally, you can see that DASH has formed a new uptrend, with higher highs and higher lows. So, we've formed a bottom. We're in a new uptrend, and if you look at the volume, you can see that there have recently been massive volume spikes as DASH has been on the rise. That shows that investors are taking an interest in DASH, similar to what we would expect before a massive rally.
Looking at the weekly Gaussian Channel, you can see that it just turned green, and DASH is holding support on the top of the channel, further demonstrating the bullishness. Looking at the pivot strategy indicator, you can see that we're on a beautiful upside reversal, on high volume, above the Gaussian Channel/50 week MA, and it just looks very attractive here.
The MACD looks healthy without any bearish divergences, and the RSI looks good as well. It isn't in overbought territory yet. So, I really like the way DASH looks here, which is why I'm long. As a cherry on top, the upside potential here is massive. For DASH to reach the 2018 peak, it's around 1500% up, and for it to reach the all time high, it would have to rally several thousand percentage points higher. Immediate upside resistance is at 196, which is the 200 week moving average.
Speaking of moving averages, DASH is above all major moving averages on the 4H, daily, and the weekly, aside from the 200 week. Overall, I think there is a strong probability that DASH will rally 65% to test the 200 week at a bare minimum, and I will welcome 65% with open arms.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
Looking at the weekly chart here, you can see that price has formed a clear, long consolidating bottom. In fact, DASH has been forming this bottom since late 2018. Additionally, you can see that DASH has formed a new uptrend, with higher highs and higher lows. So, we've formed a bottom. We're in a new uptrend, and if you look at the volume, you can see that there have recently been massive volume spikes as DASH has been on the rise. That shows that investors are taking an interest in DASH, similar to what we would expect before a massive rally.
Looking at the weekly Gaussian Channel, you can see that it just turned green, and DASH is holding support on the top of the channel, further demonstrating the bullishness. Looking at the pivot strategy indicator, you can see that we're on a beautiful upside reversal, on high volume, above the Gaussian Channel/50 week MA, and it just looks very attractive here.
The MACD looks healthy without any bearish divergences, and the RSI looks good as well. It isn't in overbought territory yet. So, I really like the way DASH looks here, which is why I'm long. As a cherry on top, the upside potential here is massive. For DASH to reach the 2018 peak, it's around 1500% up, and for it to reach the all time high, it would have to rally several thousand percentage points higher. Immediate upside resistance is at 196, which is the 200 week moving average.
Speaking of moving averages, DASH is above all major moving averages on the 4H, daily, and the weekly, aside from the 200 week. Overall, I think there is a strong probability that DASH will rally 65% to test the 200 week at a bare minimum, and I will welcome 65% with open arms.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-