CRYPTO Dash - Will it Continue Uptrend?After the drop to the lowest at the discounted price early of 2020 from around 140.00 to 40.00 for few days before it catch back up above 60.00 & consolidated around 60.00-100.00 zone. From the daily timeframe, the price has been rejected at 120.00 and from this moment there is a possibility for it to break & rally back to 140.00 again. Otherwise it will try to complete the channel pattern and continuing uptrend vs time.
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Dash
DASH 12h Is it growth continuation?A little over a month has passed since the previous idea for Dash was published. And if you want to read a little history on the coin, or see the picture on a more global scale, you should read the previous idea.
Over the past month, Dash has left a long consolidation upward, of course, the BTC growth helped it a lot.
The price broke the trend line and even managed to test its strength from the top. According to the TA laws, the Dash price fulfilled all the conditions in order to continue growing.
Therefore, while the Dash price is above $92 , we can safely add another +30-40% growth with a target in the zone $130-137 .
Though, if the price lowers and fixes below $92 , then we should not keep the long, as the Dash price may again fall into consolidation to the level of $68-70 , which is -25-30%.
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DASH-6h. Breakdown $119 and test $138.DASH's consolidation is coming to an end. The wide consolidation range of $87-119, in which the DASH price is traded from November 24, begins to narrow.
The buyers' attack began on December 24. The previous local growth wave is now being corrected. Sellers are testing the $95-97 range on small volumes. this range constantly slowed down the price, but did not reverse it.
The fact that sellers can not break this range down indicates the possible completion of consolidation and a breakdown of $119 . However, this is a short-term idea and for a start we expect a test of the upper limit of consolidation.
The alternative scenario will take effect if the price remains below $95 . Then Sellers will continue to press on the price with the purpose of $87.
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DASH/USDT Reversal within Channel: Bearish OutlookDash has been following his channel for over a month now. Yesterday, the price reversed downward after failing to pierce through the area of resistance, signaling a new bearish chapter for this coin.
I'm eyeing the support line as a potential area of reversal, since the support has been holding strong for a few times now. Do your own DD.
FB 267 bearish until 250: broken daily support 267 & 200 MA 272FB advanced with vigor with a 5 EW move, until recently it started a corrective ABC move, of which we are in leg C that yet to complete.
It has broken the daily 267 and 200 MA of 272.
Likely test 250, as major support, and the previous gap-up line.
Fundamentally, it is still a great business that yet to peak in earning power but we are in a market that money is chasing Newer and Shiny stories with rapid rotations. The large market is also likely entering a corrective move starting the new year when the delayed profit takers have sheltered their capital gain for 2020. And there is just so much easy profit from the lucky IPOs to absorb for the little guys playing with their real money.
DASH Break Out? Will we DASH to the MOON?We can see that we are awaiting the break of the cloud on 4 hour, and RSI/CCI looking great at the lower level of cloud/support. I'm monitoring for a candle close ABOVE= BERAKOUT here.
I will be looking to enter break out trade to first target $120. Depending on your trading style, you could have also bought support line and already grabbed ~5% day trade (better with leverage and tight stops and need low fees).
Look further below as I discuss breakout entry in 15 min chart
When looking for entry on the breakout, we will monitor our Camarilla levels in the YELLOW HIGHLIGHT. A nice candle breakout above here and I will enter. Above and await retest bounce also works here for your entry
(STAY IN CONTROL-TRADE YOUR STYLE)
-If we break out- I will monitor at $120 level and likely implement a moving trailing stop loss strategy to allow for higher MOON BLAST breakout potential
-Stop loss is shown at $105 if you are not able to monitor charts and I will have on during overnight
-A 15 minute candle close back below entry level/Camarilla level while watching would allow for closing trade higher than STOP LOSS
-For straight take profits this is TP1 $120
-$140 is a good TP2 and can be looked at further back in higher time frame charts
**BE CAREFUL- OPINIONS NOT FINANCIAL ADVICE***
ENJOY :-)
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Alright...
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Drop a comment below on your price projection for DASH/USD by 12/27/20
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DASH Pushing Up
Hello traders:
DASHUSD is currently in this correctional structure that we can expect to continue the bullish move.
We see the latest price action had a descending channel, and then a LTF bullish impulse up. Good indication of further bullish momentum.
Wait for this current correction to complete and get in the buys.
Thank you