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Dashbtc

DASH/BTC - 2/2/2018DASH, being one of the older coins that I have analyzed (and currently being compared to Bitcoin rather than USD), has a much more stable price gain than others. After the initial pump in price, the coin started to travel in a very stable sideways market. This coin seems to be trading between a support and resistance level that essentially have been creating a long-term channel. Currently, the price is in a declining wedge whose lows have been tested very briefly. This is shown in the fact that the touches of the bottom side of the wedge have been by very long bearish wicks, that end up closing above the EMA(200). Using this, it can be determined that the price is trying to break this EMA (which would result in a switch to a bear market), but has not been able to close a single candlestick under this level. The long wicks are important though, because the price is reaching new relative lows to create this pattern. Although, the price is also consolidating into what looks like a symmetrical triangle if the wicks of the candlesticks are not being considered, pretty much using the EMA as the bottom side of the triangle. If the price does test the bottom of this wedge and attempts to break the EMA once again, the price is expected to reach the low of 0.05445, this price is around a significant point for a reversal in the past. The determination of whether the price will break above the triangle or below the EMA(200) lies in where the next few candlesticks close. Important Resistance Levels: 0.09174, 0.07683 Important Support Levels: 0.06214, 0.05356 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
by EQBM
DASHUSDT $758 Support - Trend Line - S&R - Elliots Wave analysisOn the left we see the weekly chart - Note how raw price action movement respected that bull trend; also RSI is returning to wave one levels as this is happening we can also see the market returning to $758 Support. On the right we have the daily chart - Note the bull flag (indicated by dashed green channel) Previously market had broken the H&S neckline at $1080 which sent the price to $758 support. A push to $1013 is probable 24 Hour Outlook: Neutral (RSI has a bit more wiggle room to reset itself to equal or less than 30 - thus is why I believe we may tap that weekly RSI "support" line") Long Term Investors: Dash has incredible potential and I strongly believe it'll be amongst those who survive with the big guys (BTC,ETH,LTC etc.)
by EJSM