DASH Bull/Bear Triangle AnalysisHi everyone, so here is a DASH analysis for crypto traders
First of all, we've the blue line that is the downtrend from daily chart, this is a hard resistance that DASH have to the next few days
As we know, BTC push the another altcoins, and BTC is on a bull movment, so this make me feel excited to the altcoins, so let's talk about DASH
an triangle has ben formed with 3 ascends and descends tops, my guess is that DASH will cross the resistence up, but the second one (in blue) that worry me, cause it's a downtred channel that need to be crossed, and i think that this BTC resistance (9700.00) beeing crossed, the alts (DASH) wil have a great oportunity to grow up.
ADX/DI - This one has the best news, the green line crosses the red one and de dx line is going up, this means that we might've a great uptrend coming up
MACD & RSI - They both are neutral not bearish or bullish, so this put the triangle position in a bear/bull divergence more atractive, but my opinion is that'll be bullish
So that's my analysis about DASH
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Dashcoin
DASH ladder buy zones and targets we're looking forDash currently trading below 0.786 Fibonacci Retracement from 20th December highs to April 1st lows and price is on 200 SMA line, maybe good to buy? Will see.
Hidden bullish divergence on 4h RSI, volume declining a bit.
We're interested in laddering our buy-ins to get as good price as possible.
BUY LADDER:
0.05148
0.04951
0.04771
SELL TARGET:
0.06119
0.06819
0.07449
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Dash growth evolutionCoin of the day is Dash.
Dash (known earlier as Darkcoin and XCoin) is one of the biggest alternative cryptocurrencies with a focus on transaction speed and privacy. Due to the privacy of the transactions, Dash coin managed to occupy one of the leading positions behind the Bitcoin when it became clear that bitcoin could not offer the appropriate level of confidentiality to users. Despite the negative attitude towards the coin from some countries, Dash is considered one of the most stable cryptocurrencies.
One of the positive factors on Dash is the fact that it has seen a sustained level of adoption even during the recent crypto downturn. In that period, Dash was added to Abra, a platform which acts as an online bank, where investors can spend their cryptos. In that same period, it has also be added to Bitit and Negocie coins. That’s a good indicator that Dash has what it takes to be mass adopted as a usable currency, which is good for its long-term value growth.
Upcoming
Dash Evolution v1 (13.0 - Evolution v1 - Mainnet) is scheduled to be released in June. Dash Evolution is meant to play the same role as SegWit or the lightning network. It will make Dash transactions faster, and cheaper and hasten the rate of adoption.
Technicals
DASHBTC downtrend found a bottom at the 0.0414 level on 01.04.2018 and started to draw a turnaround pattern supported by high volumes. In two weeks the price rose above the 0.045 level and soon, on 18.04.2018 crossed 0.05 level, which proved the turnaround pattern formation. Recently Dash crossed last of the Bearish Trend Lines, which ends global downward tendency; yesterday the coin also went above the 100-days EMA, it is a bullish sign as well. Bullish Trend Lines and 100-days EMA should act as a support for the uptrend movement. From the above, 0.059 level looks like minor support, in case of a breakthrough of what the price will test 0.06 level. Breakthrough of the 0.06 level will lead DASHBTC to the 50% Fibo zone and 0.065 resistance. Holding 500.0 level by the DASHUSD price also will play as a bullish factor.
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Enlighten other
DASH SO BULLISH!!Dash has just confirmed breakout and is looking to break the 0.052 BTC resistance. Dash may perform a double-bottom pattern at 0.049 BTC and then break the 0.052 BTC. In both cases the coin is expected to break this resistance soon, and move to the next resistance which is 0.056, where the coin is expected to test this resistance and if it continues on the upward trend line it should bounce of and breakout to the next resistance 0.062 BTC where the bull flag is placed.
In other words.. An increase from 0.052 BTC to 0.062 BTC is expected soon..
Buy-in price: 0.049-0.053 BTC
Targets:
1. 0.056 BTC
2. 0.0619 BTC
Stop-loss: 0.047 BTC
DASH - Bullish and Bearish ScenariosThis is a continuation of the market analysis I just did about Bitcoin:
DASHUSDT is right now at an important decision point. If it does manage to break up and bulls win, i expect price to reach 805 USDT as TP1 and 1060 at TP2. If it doesn’t manage to go up, it could go down to 350 and then to 305 for next target. There is a small pennant that looks like a reversal triangle so this could be dumping in the short term and dumping even harder later this month. Nevertheless, if the smaller triangle pennant manages to break up, I expect the written TPs to be reached in the next six weeks or so.
Whatever happens with Bitcoin will influence the rest of the market for sure, so keep an eye on my current BTC chart.
Dash/Usd Bullish SignalsAfter a while the market is finally looking bullish again,with Bitcoin overcoming 10.000($) which was a significant resistance level we should have expectations for a general increase of the whole market.
Taking a closer look at Dash/Usd 1hour Chart we can see that there is an upward movement.This is confirmed by the Rsi that is looking strong after being able to bounce of the support zone and the Macd seems that will support an upward movement as well.
The price struggled between the highlighted zone for a while and if it breaks out of this loop we could have a great buying opportunity.
Taking that in mind we should Place Orders at the 715($) dollar mark with Stop Orders at 670($) dollars
Setting our profit targets at 775($) and 825($) for short term.
It is a wise move to leave some volume for long term possibly aiming for a new All Time High if the market supports that kind of movement at the time.
DASH Strong Resistance level at 709DASH Has passed through a great bullish movment, but remember, DEASH is stiil on a donwtrend channel, nothing that afraid traiders to make money, in days, if DASH pass through the 709 resistance lavel we'll se comming back to the 1000.00, cause it means the end of the downtrend channel
DASH ASCENDIG Wedge - 1000k backBefore this hudge and common down momments not only in DASH but in all coins we can see the market taking the ascending route
dash made 4 highs in one risk
and 3 highs at another building our know ascending wedge, taking volume to got catch it 1000k price on the next days before february
DASH descending wedgeDash was not really exciting in the last 2-3 weeks, but there is a chance for it to reclaim its attention as a top 10 market cap coin. I think it is under valued currently because of a lack of attention, but it will get it soon. I would go long.
What do you think about this pattern ?