ALT Coins Close to Large Bounce MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
If ALTs can hold this Level we should see a large bounce
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Dash
Dash coin has formed a bullish BAT for upto 51.5% bullish moveHey dear friends, hope you are well, and welcome to the new update on Dash coin.
On the monthly time frame chart, the price action has formed a big Cypher pattern .
At the same time on the daily time frame chart, the price action of the Dash coin has formed a bullish BAT and just entered the buying zone.
Dash coin has formed a huge Cypher for upto 215% bullish moveHI dear friends, hope you are well and welcome to the new update on Dash coin.
Previously we had a nice trade of the DASH coin when it formed a bullish BAT.
Now on the long-term monthly time frame chart, the price action of Dash has formed a big bullish Cypher pattern. There is also 25 simple moving average support below the buying zone.
Buy and sell targets:
Buy between: $196.25 to $123.72
Sell between: $253.34 to $390.43
Stop loss:
The maximum extent of potential reversal zone $123.72 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 215%, and the high loss possibility is 37%, however at this time the risk is low as the price action is already close to the end of the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
🔥 DASH Bullish Triangle ContinuationOver the last couple of days, DASH has been forming a bullish triangle. Helped by the overall bullishness of BTC, alts (especially bigger ones) are seeing some nice returns. After yesterday's mini correction, DASH has yet again bounced from the triangle support, confirming the pattern further.
BTC is a little bit on edge at the moment, so I'm not expecting a full fledged break out just yet. For the moment I'm expecting DASH to follow the triangle, breaking out of it at a later point in time.
When trading alts, always keep an eye on BTC.
Happy trading!
Similarities between DASHBTC and ETHBTCI have had a favorable view of Dash for a while and have been trying to construct a trading plan. The scratching in the back of my head had me look at the DASHBTC chart and compare it to the ETHBTC chart and here are the similarities I plan on using until my plan is invalidated for the next couple of years.
Chart Overview and Analysis
The black bands were drawn on the monthly chart and are zone of serious consolidation for many years for both trading pairs. When price finally clears the area on the monthly timeframe there massive gains to be had. The top of the zone failed as support there was a multi-year bear market against bitcoin
Ethereum moved faster against bitcoin but it also had less upside and downside. Dash is taking longer to consolidate against Bitcoin but when it finishes it very likely will have more gains for the patient.
The speed of the movements can be seen with ETH already way above its 400w EMA and finding resistance and consolidating against zone of price action where it failed to find the 400 as support.
Dash has a chart pattern against the 400 EMA just as ETH and I suspect it will resolve bullishly. This will take price action above the 400 EMA and to the resistance trendline which is now some 7 months old. From there a retest of the 400 EMA/Megaphone support would be very natural.
DASHBTC retesting the 400 EMA is a very serious even. It could be over a 50% pullback on the pair and an even more serious pull back against USD, up to 70 percent. DASHBTC could resolve itself bullishly while DASHUSD and BTCUSD are in a multi-year bear market.
More Charts
Below is the Fib Retrace from DashUSD ATH to bear market low and we see that price action failed right in the golden pocket. I suspect we will see a lot of consolidation and the next major stall will be at the 0.786 and then price action will test the 0.618 as rough support.
The next chart is the most provisional but it shows a possible recovery route for Dashusd. There was a quick move to just shy of the 0.5 retracement level, a consolidation and then a move to the the golden pocket. I expect something similar but not an exact repeat.
Here is a zoom in of DASHBTC on the daily chart. The MACD Histogram has a lot of bullish divergence as does the MACD (Asprey Version) and the RSI has found a technical double bottom. I suspect price action will stall at the top of daily BB and Keltner Channel and have some chop but the price action in February does show I could be pleasantly surprised by a very quick move to resistance.
DashEth on the weekly is looking like it will return to the black trendline and possibly beat it as resistance. The purple arrows show bullish divergence and the orange line shows a technical double bottom. Very promising and even if it stalls at the black trendline again it still doubles against ETH.
Final DashUSD targets
Here is Dash next to ETH on the long term chart. Both have the ichimoku clouds on the weekly setting turned bullish and it makes it clear that in very short order DASH could be closing in on its 1.414 fib extension over $8,200 or perhaps an even higher fib target. Off to the left we see the importance of taking profit before the major levels as ETH came to less than 10% of the 1.414 level. But if Dash is anywhere near close to target in a year or so I will be a very happy man.
One reason why I do like fib channels is it called the Eth high perfectly. I might have to settle for mere 5k Dash before a major consolidation. A mere 30x from here.
Closing Thoughts
This charting reflects a lot of my trading style and personality. I am sure they new coins out there that may have more upside than Dash and that are moving a lot faster but as I get further along in my trading and active investing I want something with more history against both itself and major alts. All the general disclaimers of this not being trading advice and myself not being a advisor apply.
Dash (DASH) - June 16Hello?
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(DASHUSD 1W Chart)
If the price holds above the 165.21626486 point, we expect the uptrend to continue.
(1D chart)
It needs to rise above the 197.43788317 point and find support to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 143.62557443 point.
If possible, we recommend moving along the uptrend line (1).
If it falls from the 143.62557443 point, it enters the mid- to long-term investment area and it may take a long time to rise, so careful trading is required.
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(DASHBTC 1W chart)
We should see if we can climb to the 0.005698-0.016067 section and form a box section.
To create a new rising wave, it must rise above the 0.016067-0.020848 section.
(1D chart)
If it goes down, you should check to see if it finds support in the 0.003742-0.004199 zone.
In order to turn into an uptrend, it needs to rise above the 0.005114 point and find support.
The downtrend is expected to continue until it deviates from the downtrend line (1).
However, if it rises above the 0.005698 point and finds support, I would expect it to break out of the downtrend line (1).
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
A trading idea on DASH! 🧐Ok guys, let’s talk about DASH today. I find this stock interesting, and it can give us a good trade.
The stock is starting a bull trend in the 30min, but it is pretty far from the 20ma. If it corrects, it’ll give us another chance to buy. But I do like the 4h chart:
DASH hit the support at 135 and it is now going to the 155. If it breaks the 135 again, then we should take a step back, but the chart looks good for now.
The problem is the gap at 115, but aside from that, I think the R/R ratio is worth. If DASH breaks the 145.20 tomorrow, it’ll be great.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
DASHBTC closer to the uptrend support lineDASHBTC was unable to pass0.0055 level for further upside attack and started to drop with btc dominance. Last defend line is trend support point which is sitting around 0.00455-0.00460. we will see if it will bounce from there or brake the uptrend and will turn back to the all time low target ( 0.0023x ). Apart from the market dash is drawing so negative charts as USDT BTC ETH and BNB pair
DASH POTENTIAL PATTERN REPETITIONLook closely at the period from 21 FEB 2021 to 10 MAR 2021.
Dash may move and evolve in a similar pattern, in movement and time. Several elements of the past pattern have been repeating in the last few hours and it is now confirmed. It is likely that the Dash, which is often repetitive in these movements, will be so again.
This is an idea and not investment advice, do your own research.
Trade safe.
DASH - The Great Supply Shock! Pretty Self explanatory analysis.
ATH Retest soon for DASH which would be led by a massive supply shock as DASH keeps on getting accumulated and Locked up on Staking Platforms!
Wait and watch
The R/R is pretty favorable but if it were me, I'd be happy to have a naked long exposure.
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This is (OBVIOUSLY) not a financial advice!