Dash
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 :-)
$50 GIVEAWAY IF YOU CAN GUESS THIS PRICE TARGETWelcome everyone,
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Alright...
So lets talk about the excitement..
Drop a comment below on your price projection for DASH/USD by 12/27/20
The trader closest will get rewarded the $50 giveaway!
Don't forget to check out the SUSHI count that highlights one of the most profitable assets of 2021.
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
💡 Don't miss the great buy opportunity in DASH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (96.94). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASH/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 104.48
TP2= @ 110.55
TP3= @ 118.10
TP4= @ 127.52
TP5= @ 136.84
SL= Break below S2
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Now, It's your turn !
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💡 Don't miss the great buy opportunity in DASH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (96.94). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASH/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 104.48
TP2= @ 110.55
TP3= @ 118.10
TP4= @ 127.52
TP5= @ 136.84
SL= Break below S2
❤️ 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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DASHUSDT (Resistance Breakout)#DASHUSDT Technical Analysis Update
Resistance breakout)
DASH/USDT currently trading at $101.80
LONG ENTRY Level: $99.75 to $100.80
STOP LOSS: below $93.75
Resistance level 1 (Target 1) :$105
Resistance level 2 (Target 2): $111.30
Resistance level 3 (Target 3): $118.50
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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Mr. West Daily notes Report no. 3Trending Up: AESE, MVIS, HERO, SNE, ZNGA, ROKT, DENN, GE, MICT, UA, JETS, SAVE, NCLH,
Trending Down: CRON, JBLU, ABNB, DASH, NIO, CAN
Consolidation: PBI, BOTZ, CCL, NKLA, WINRD
Todays notes will be explaining the market and it's signs of growth for majority of the Companies I have listed based on chart patterns. For the month of December, many of the Stocks are tending up. One Stock company in particular has gradually grown from its consolidating patterns into a bullish up trend. Ticker symbol Allied E-Sports Entertainment INC. (AESE). With COVID-19 still creating issues in the economy, many people are still resulting to stay inside and occupy their time with online gaming. This has also been a strong factor for many E-Sport companies within the Tech Industry. (See image link below).
With the hype of Door Dash(DASH) and Airbnb(ABNB) having IPO dates last week, the two tech companies were price up high. However, the two companies ended up falling short into a down trend. Door Dash may end up going up due to the increase of take out, but Air bnb may result in a down trend since traveling is still at an all time low.
DASH buy the dip.Dash - Intraday - We look to Buy at 87.4 (stop at 83.2)
Daily signals are bullish.
Dips continue to attract buyers.
We look to buy dips.
Our outlook is bullish.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 99.7 and 103.8
Resistance: 95.0 / 100.0 / 105.0
Support: 90.0 / 87.0 / 85.0