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Dash

DASH/BTC Cup & Handle Breakout!About a month ago, I mentioned how DASH had broken out of a descending wedge for DASH/BTC that had been forming since around the beginning of 2020. Now it looks as though a cup and handle pattern has been forming since Valentine's Day 2021 (how lovely) with the handle formation completed (nicely outside of the wedge) and an additional retracement back to the point of the breakout now completing as well. If the cup and handle pattern continues and does not break further below into the handle, there is a potential upside to near the length of the cup (dashed green line) based on the rules of the cup & handle pattern. However, as no pattern is guaranteed, there is of course the possibility that the trend could head further below the breakout, but at least so far the pattern looks fairly consistent with the appearance of a cup and handle pattern with potential upward in my opinion based on a continuation of the aforementioned descending wedge breakout as well. As always, this is solely my opinion and should not be taken as financial advice. But please like or comment if you agree or see anything differently.
Long
by crypto_trends
DASH vs LTC, will DASH ever retain its former glory?Over the past few days, DASH and LTC breakouts have surprised quite a few as the price of BTC has slipped back and forth after trying to recover back to its recent all-time-high. However, in my opinion the long-term logarithmic trend is the more interesting trend to watch between these two veteran cryptocurrencies. Over the past few years, a descending channel has formed in favor of Litecoin in the DASH/LTC relationship (as represented by the blue lines). However, Dash has been looking to challenge this trend consistently for the past year. Now it looks as though a long-term wedge (pennant?) may have formed as well after a steep downtrend occurred for DASH at the beginning of 2021, and it now appears as though Dash might be attempting a break out over the next few weeks/months. Whether DASH will successfully break out however is anyone's guess. I should note as well that although the price of LTC and DASH are nearly identical today, DASH at one point was nearly 27 times the price of LTC (this is the logarithmic chart after all)! Hence it should be interesting to see if DASH is able to compete in any way near its former glory. In the meantime it looks to be an interesting pair to watch to see if either a breakout occurs anytime soon for DASH or if LTC might takeover in the long-term relationship. As always, this is solely my opinion and should not be considered in any way as financial advice. But please like or comment if you agree or or have any opinions, especially if you are a Dash or Litecoin aficionado.
POLONIEX:DASHUSD
by crypto_trends
3
The DASH DASHUSD Road Towards the Megabull - Up to 5,000% GainsHey guys! I got couple of days of free time to continue publishing free long-term charts for ALTSCOINs, so hit that Like and Follow buttons to receive the latest notifications about my updates. Anyways, now lets get started! This simple comparison seeks to compare the Megabull of 2017 against the current 2021 Megabull as seen as a potential/approximate green path we may follow in this round towards the final ATH. The idea here is pretty straightforward, on the long-term log scale charts, any asset or stock will be bound most of the time within a parallel bull channel. Similarly, I believe the bottom of the bull parallel channel has been well defined through the years, hence the top of the channel should give us a good idea of the ATH targets. Short-term, DASH has still not broken the previous ATH at $1,600~ so buying know at $400 is still considered an early entry! In the incoming weeks, I would expect DASH to start defining a short-term bull parallel channel or ascending channel which will be the road to either the $10,000 first Megabull target or the second Megabull target at $18,000-20,000 around Nov-Dec 2021. Summary of the Megabull / Bull Market Targets by Oct-Dec 2021: $8,000-10,000 (2,500% gains possible) $18,000-20,000 (5,000% gains possible) Looking ahead at the next bear market, we can expect the final bottom to shape a nice rounding bottom at $1,200-1,900 on DASH! Bottom line, if you purchase DASH close to the $400 levels, you still can make between 2,500 to 5,000% in gains if this trade plays out as expected. Best of luck and happy trading! Carl M.
Long
by BitcoinGuru
3
DASH AnalysisGoodmorning Traders, A colleague asked me to look at Dash-USD I thought it might be nice to explain how I sometimes confirm a trade for either opening or closing. I know the chart looks busy, but in chronological order, Ill explain my steps. Marked by the symbols +/- or neutral - First look at the levels on Daily for support and resistance, potential stop area, and targets / neutral score - Look for candle formations and shapes > Double Top potentially forming - - MACD and DMI still have bullish indications + - RSI is not at an extremely nice level for strength, hence the rejection so far of the previous high. So be wary of the strength in the market for a hard push - - The last step was to have a larger timeline Fibonacci overlay, which confirms our levels both in support and resistance zones and for future potential targets Conclusion: wait for more clarity before opening a position, if you already in DASH monitor your position closely. Sometimes logic (double top) doesn't mean anything in crypto. Most often it does do> risk/reward ratio. Which is not positive atm. Wait and be patient, don't chase money. Let the trade come to your conditions, where to a certain degree you can control risk. Best of luck
KRAKEN:DASHUSD
by CryptoDonkie
2
Bad scenario test weekly or monthly support ?Bad scenario: #DASHUSDT #dash #dashusd #binance #altcoin #crypto Monthly support point test Monthly : I can't believe this is happening right now! This is just the monthly support point that the charts and indicators show. And there is no reason why it should be tested. weekly : There is probably still weekly support re-testing. $ 260-280 area But now the chances of other scenarios (ascending and bullish scenarios) are higher. What do you think ?
by Alarmsignal