DASH: Strong Gains Ahead IF Wedge Is BrokenDSHUSD is coming higher, out of a last week consolidation that we have been tracking around $25, but it looks like break higher was wave five because of current reversal down. However, it can be just another correction with a bullish cycle, that will be expected to resume after a-b-c retracement back to 25-26 support area. If we are correct, then strong recovery is yet to come, out of an ending diagonal that appears completed on a daily and weekly chart. Keep in mind that ending diagonals causes a sharp reversal and strogn recovery in price, which is far from over.
Drop below 21 will suggests that bears are still here, for 18/17 wedge support.
Dash
very lil TA skills Altcoin 3 optimistic guess from here As of now I still have very little TA skills, and on this optimistic version of my guess/prediction from here, I just used the same few revelations I came across when I did my first ever btc chart (finding a parallel channel that fits previous price action, and then just duplicating the the parallel channel and stacking it, to get a basic blueprint of an overlay of potential resistance and support lines), combined with TA techniques from free Crypto Crew University youtube videos and an aggregate of other youtubers here and there, and I'm probably using some wrong but yea, this is my 'bullish' and optimistic guess/prediction as a first full cycle 'retail' hodler.
If i'm not going on what I want to happen, my bearish feeling and guess/prediction would be, a 25%-35% sell off before or after thanksgiving, and either going back up shortly after and keep running through 2025 or worst and what it feels like, toping out around the 10th-14th of December.
Feel free to tell me what will likely happen if you are an experienced TA chartist.
DASHUSDT Long Setup Setting / Targets and Plans📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone:28.66-29.08
⚡️TP:
29.61
30
30.50
31.10
🔴SL:
27.69
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may.
The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈
1) Bitcoin Cash / BINANCE:BCHUSD.P
2) Dash / BINANCE:DASHUSDT
3) Litecoin / BINANCE:LTCUSD.P
These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)!
_____________________
DASH analyssi (4H)After the X wave, it has entered a correction phase.
It is now near the premium part of the previous wave.
From the supply range, it can move towards the specified targets.
Closing a daily candle above the invalidation level will be a violation of the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DASH Price ActionDASH is currently in a bearish trend and has been moving under a trend line for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel.
Currently, the price is consolidating on the support zone Green. For a bullish move, the price of DASH must break above the trend line. This resistance has acted as a barrier to the price, preventing any significant upward movement.
On the other hand, if the price fails to hold the support zone Green and breaks below this zone it is likely to test the lower support.
DASH sell/short setupThe structure of DASH is bearish. There is a good swap range ahead. This is a resistance zone.
If DASH reaches this range, we will look for sell/short positions.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
DoorDash Shares Surge 13% Following Strong Q2 Revenue BeatShares of DoorDash ( NASDAQ:DASH ) surged 13% in extended trading on Friday after the food delivery giant reported impressive second-quarter results that surpassed Wall Street's revenue expectations. The company's revenue growth and order volume highlights its resilience and continued expansion in the competitive food delivery market.
Key Financial Highlights
-Revenue: DoorDash reported a revenue of $2.63 billion, a 23% increase from the $2.13 billion recorded a year earlier. This figure also beat analysts’ expectations of $2.54 billion.
- Net Loss: The company narrowed its net loss to $157 million, or 38 cents per share, from $170 million, or 44 cents per share, in the same period last year.
- Total Orders: DoorDash received a total of 635 million orders in Q2, marking a 19% year-over-year increase.
- Marketplace GOV: The total value of orders, referred to as Marketplace Gross Order Value (GOV), reached $19.71 billion, a 20% increase from the previous year.
Strong Performance Indicators
DoorDash's Q2 performance reflects the company's strategic investments and product innovations aimed at enhancing user experience and operational efficiency. The significant increase in total orders and Marketplace GOV indicates robust demand and successful market penetration.
“We are very pleased with our financial performance in Q2 2024, as it reflects years of investment and product-level focus that drove strong growth and improved unit economics in several major areas of our business,” DoorDash stated in its release.
Looking Ahead
For the third quarter, DoorDash projects its Marketplace GOV to be between $19.4 billion and $19.8 billion, aligning closely with analysts’ estimates of $19.51 billion. This guidance underscores the company’s confidence in sustaining its growth momentum.
The upcoming quarterly call with investors, scheduled for 5:00 p.m. ET, will provide further insights into DoorDash’s strategic initiatives and future outlook. Investors and market analysts will be keenly observing how the company plans to navigate the evolving food delivery landscape and capitalize on emerging opportunities.
Conclusion
DoorDash’s strong Q2 performance and optimistic future outlook have bolstered investor confidence, reflected in the 13% surge in its stock price. With continuous growth in revenue and order volume, DoorDash is well-positioned to maintain its leadership in the food delivery sector.
The company's ability to narrow its net loss while significantly increasing revenue and total orders demonstrates effective management and strategic foresight. As DoorDash continues to innovate and expand, it remains a compelling player to watch in the coming quarters.
Key Takeaways
- Revenue Growth: 23% increase to $2.63 billion, beating expectations.
- Order Volume: 19% rise in total orders to 635 million.
- Market Confidence: Projected Q3 Marketplace GOV aligns with analysts’ estimates.
Long position on DASHUSDT 49Min/ Volume PredictionBINANCE:DASHUSDT
BINANCE:DASHUSDT
SL2 ---> Mid-risk status: 4x-5x Leverage
SL1 ---> Low-risk status: 2x-3x Leverage
⚡️TP:
26.58
26.70
26.90
27.20
27.45
28.00(In Optimistic Scenario)
➡️SL:
25.48
24.95
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
Is DASHUSDT Poised for a Major Bullish Breakout?Yello, Paradisers! Have you noticed the exciting opportunity brewing with DASHUSDT?Let's dive in and see why this could be a game-changer!
💎We've witnessed #DASH breaking above a descending resistance, signaling a high probability of a bullish move. After overcoming this descending resistance, DASH is now approaching a key internal resistance $24.48. If DASH manages to break above this level and sustain its momentum, there's a great probability it will continue its bullish ride and mitigate above a strong supply zone.
💎Currently, market sentiment is bullish. Why? Because DASH has failed to make a new lower low and has instead sustained its momentum at support levels. But what if DASH faces a strong rejection at the internal resistance of $24.48 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the support level of $23.40.
💎During this phase, many inexperienced traders might rush to open short positions and get trapped. If the price breaks below this support and it turns into resistance, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Is #DASHUSDT About to Skyrocket? Here’s What You Need to Know!Yello, Paradisers! Have you noticed the exciting opportunity brewing with #DASHUSDT? Let's dive in and see why this could be a game-changer!
💎We've witnessed #DASH breaking above a descending resistance, signaling a high probability of a bullish move. After overcoming this resistance, #DASH is now sustaining momentum at a probable support level of $25.13. If #DASH manages to break above this level and sustain its momentum, there's a great probability it will continue its bullish ride and aim for the internal resistance zone at $31.40.
💎The current market sentiment is bullish. Why? Because DASH has failed to make a new lower low and has instead sustained its momentum at support levels. But what if NASDAQ:DASH faces a strong rejection at the internal resistance of $31.40 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the demand level of $22.69.
💎During this phase, many inexperienced traders might rush to open short positions and get trapped. If the price breaks below the demand level at $22.69 and it turns into supply, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey.Be a PRO.
MyCryptoParadise
iFeel the success🌴
DASH: One of the Oldest Cryptocurrencies.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
DASH coin is one of the oldest cryptocurrencies, having debuted on January 18, 2014. This coin, with its long history in the crypto market, has battled a downtrend for a long time, experiencing a remarkable rally from $0.214 to $1575 (an 11,000% increase) and then a significant decline to $20 (a 98% drop).
With the current price close to an all-time low, DASH is holding the support trendline at $22.3. A potential rebound from the current market price (CMP) is likely to test the primary resistance, which ranges between $40 and $47.
The lower support at $15 is there to hold the price if we witness any further decline.
- Primary Support: $22.3.
- Lower Support: $15.
- Primary Resistance: $40 to $47.
- Higher Resistance: $76.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
DASH Technical AnalysisDASH breaks above a descending trend line, indicating a likely upward move. Now, DASH is near an important resistance zone (Green) at $24.91 - $25.17. If it breaks out from this zone and maintains its momentum, we could see the price to the next resistance zone (Blue) at $29.89 - $30.44.
The market sentiment is positive because DASH has maintained its momentum and hasn't made new lows. However, if DASH faces strong resistance at the Green Zone and starts to lose momentum, we should look for a bounce back from the $23.30 support level before making bullish trades.
Buying opportunity for DASHThe structure of DASH seems bullish. It keeps making higher L's.
There is also a bullish CH on the chart.
The targets are clear on the picture
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
DASH is super bargain now, GET IN. Multiple X Gain Prospect!Delicious setup for DASH.
It's not everyday you see a super bargain coin in comparison to its peers who has surged exponentially already. This one hasn't experienced that yet, but that will change soon.
We are now at the heatzone area - buyers favorite spot.
Bears has literally faded.
RR ratio is too attractive to missed.
TAYOR.
#DASH/USDT#DASH
The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it
We have a green support area at 26.00 that is expected to be bounced from due to its strength
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with a strong uptrend
Entry price is 29.00
The first goal is 31.83
Second goal 34.24
The third goal is 37.00
DoorDash: Sizzling Growth Amidst the Food Delivery RevolutionDoorDash ( NASDAQ:DASH ) stands tall as a beacon of innovation and resilience. Despite the challenges posed by elusive profitability, DoorDash ( NASDAQ:DASH ) has continued to surge ahead, gaining customers, expanding its offerings, and solidifying its position as the undisputed leader in the market.
Dominance and Moat:
DoorDash's ( NASDAQ:DASH ) dominance in the food delivery service is undeniable, with a staggering 65% market share that erects formidable barriers to entry for competitors. This dominance isn't merely a result of market share but also stems from a massive moat built on the back of its growing network of restaurants. In an environment where convenience reigns supreme, DoorDash ( NASDAQ:DASH ) emerges as the incumbent of choice for both restaurants and customers alike, ensuring seamless transactions and unparalleled convenience.
Revenue Growth and Margin Expansion:
Despite the industry's notorious struggle with profitability, DoorDash ( NASDAQ:DASH ) has demonstrated remarkable resilience in driving revenue growth and expanding its margins. With a strategic focus on increasing its take rate, DoorDash ( NASDAQ:DASH ) has managed to boost its net revenue margin significantly over the past two years. The recent Q4 2023 earnings report bears testimony to this success, with revenues soaring to $2.30 billion, surpassing analyst estimates and reflecting a robust year-over-year growth of 26.7%. Moreover, adjusted EBITDA saw a commendable rise, underscoring DoorDash's commitment to sustainable growth and financial health.
Subscription Surge:
One of DoorDash's key growth drivers lies in its growing subscription memberships, exemplified by the success of DashPass and Wolt+. With over 18 million users subscribed by the end of Q4 2023, DoorDash's subscription model continues to resonate with customers, offering access to a plethora of benefits including waived delivery fees and exclusive discounts. This surge in subscriptions not only bolsters DoorDash's revenue streams but also fosters customer loyalty, laying the groundwork for long-term sustainability.
Diversification and Innovation:
DoorDash ( NASDAQ:DASH ) remains at the forefront of innovation, continually diversifying its offerings to meet evolving demands. Beyond food delivery, DoorDash ( NASDAQ:DASH ) has expanded its services to include same-day grocery, staples, retail, liquor, flowers, and even medicine delivery. The company's foray into experimental ventures such as delivery drones underscores its commitment to pushing the boundaries of possibility and redefining the future of logistics.
Partnerships and Collaborations:
Central to DoorDash's expansion strategy are its strategic partnerships and collaborations with leading brands and retailers. By forging alliances with household names like Aldi, Safeway, and Target, DoorDash ( NASDAQ:DASH ) has cemented its position as the go-to platform for a diverse array of delivery needs. Moreover, with over 150,000 non-restaurant partners spanning industries from beauty to pet care, DoorDash ( NASDAQ:DASH ) has created a vast ecosystem that caters to the varied preferences of its customer base.
Technical Outlook
DoorDash ( NASDAQ:DASH ) stock is trading the 200, 100 and 50- Day Moving Averages (MA) respectively with a weak Relative Strenght Index (RSI) of 21 positioning itself in the oversold region.