Get started

Dash

What is Anchoring? a Behavioral Finance phenomenonIf you have an investment that has experienced a decrease in value significantly, and you decided to keep and sell at your entry price, please read this article it may help you to make a better decision. Before we go to the main educational point, keep in mind those who bought tech stocks at the market peak in 2000-2001, waited 15 years to get even..! Educational Point: Anchoring The concept is part of the field of behavioral finance, which studies how emotions and other extraneous factors influence economic choices. In the context of investing, one consequence of anchoring is that market participants with an anchoring bias tend to hold investments that have lost value because they have anchored their fair value estimate to the original price rather than to fundamentals. As a result, market participants assume a greater risk by holding the investment in the hope the security will return to its purchase price. Market participants are often aware that their anchor is imperfect and attempt to make adjustments to reflect subsequent information and analysis. However, these adjustments often produce outcomes that reflect the bias of the original anchors. Examples: 1-DASH: 2-FB: 3-CVNA: 4-CRWD: 5- ZM: 6- COIN: 7-SPOT: 8- NFLX: 9-PTON: 10- RNG: these are just some examples of stocks that lost more than half of their value in the past few months or weeks..! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Reference article: www.investopedia.com
NYSE:RBLXEducation
by Moshkelgosha
4
📚 Learn More 💰 Earn More with us: Ascending Triangle📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern. If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows. TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Editors' picks
BINANCE:DASHUSDEducation
by ForecastCity
16
Super Simple Smart way to play IPOsMy last video got a lot of traction where I was critical of people that buy IPOs on the day of offering. There is a better way! When you see it and how simple it is... you will laugh! Even if you believe in the company, have done your DD, and are ready to make your investment based on fundamentals this method will help you avoid drawdowns and increase your probability of success! One warning though: it requires PATIENCE which many may lack! :P
DEducation
by norok
15
EW Analysis: DASH Is Showing Bullish EvidencesHello traders! Today we will talk about cryptocurrencies, specifically DASH in which we potentially see the bottom and bullish reversal. Well, what we have noticed in the Crypto market is that we usually see some trend changes at the end of the year. Let's take Bitcoin for example; BTC topped at 20k at the end of 2017, then bottomed at 3k at the end of 2018 and now at the end of 2019, we may see another trend change, ideally to the upside after a complex corrective decline in the second half of 2019. Anyway, let's talk about Dash. Dash was not so strong like BTCUSD in the beginning of 2019, which has later, in the second half of 2019 caused bigger and much more impulsive decline back to 2018 lows, mainly because of BTC dominance, while BTCUSD was trading just in a corrective downtrend. But now, at the end of 2019 and in the beginning of 2020 seems like we may see a bullish reversal once again, so let's go through some evidences. The first evidence is that DASH might have completed a big five-wave decline from June 2019 highs. The second evidence is that DASH formed a big an ending diagonal (wedge pattern) into the final wave 5. And the third, the most important evidence is that we can see a five-wave bullish turn from the 38.00 psychological target level, which confirms more upside at least for wave "c"or "iii" after pullback in wave "b" or "ii". That being said, we believe that DASH can see at least a bigger recovery in three waves towards 80 area, but there's also a high probability that we may see even higher prices towards within wave "iii" this year. Be humble and trade smart! If you like what we do, please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITTREX:DASHUSDEducation
by ew-forecast
2
How I Identify A Good Project, tags: ADA BTC ETH LTC NEO XRP EOSMy method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure? I thought I'd share this with my friends, and why not make it public too. General coin info. Does the project have a whitepaper and exposed team? Is the developer still involved? Is the team socially active? What is the general sentiment? Is it trading technically? General coin information: where is it trading , is it at an all time high, is the website quality, do they have twitter/facebook/reddit, what are similar projects it has to compete against. My preference for this is CoinCheckup and CoinGecko , they also tackle some of my other requirements listed above. Why should we do this? I think it is obvious but, can I get it on my exchange, does it look like work went into the project and the team cares, finally long term who could beat them out- would I pit Orlycoin against LTC- no. Does the project have a whitepaper and exposed team? similar to above but important enough to call it out. This can be found on each projects website. Check if it is there, read it if you want. In my opinion, if the team is there and a whitepaper exists, the price will reflect their strength. Is the developer still involved? Evaluating GitHUB code repository. Let's use two examples here, ETH to start . Developer tab CoinGecko , GitHUB Commits , GitHUB activity CoinCheckup . And on the opposite end of the spectrum, SALT lending platform. Gecko and Checkup . Now don't take I am knocking SALT, we would want to check their roadmap to see where they are in their plan, but eventually we want to see developer activity. And for those that have code, we would like to see maintenance and continual development. CryptoMiso is a cool tool to compare activity side by side. Is the team socially active? Communication is key! Find the twitter page using project site or an index like coinmarket cap. Maybe it's reddit, email or facebook. Are their communications valuable, or are they posting pumps and pictures of pizza parties... Study Gecko's community page, everything is here. Socialblade is a decent alternative, extra work though. Bonus tool, CoinMarketCal - a calendar of events peer reviewed for accuracy. What is the general sentiment? Sentiment gives a good idea of the market direction current and future. It is how people feel about a project, or per our tool, how computers think people feel. This isn't so much necessary. I guess - be prepared. Here's two. Socialmention and SnetimentVIZ for twitter and mentions. Google TalkWalker if you want a more advanced platform. Some say news drives price, others argue price brings news to the surface, I say both and corporate manipulation. Is it trading technically? Lastly, how are the charts holding up? When do I get in? I'll be brief here, algorithms. Let me expand a bit. Elliott wave, Fibonacci and probabilities. I want to know why the price stopped and pivoted there, and where will it go?..........
COINBASE:BTCUSDEducation
by rnm410
4