DASHUSD UpdateYesterday we noticed that prices were struggling to break minor 4h structure and the possibility of a daily retracement was very likely to occur. However, as seen today, prices are really managing to break out of that structure although still fighting it still. Since the bullish momentum is coming again, a good break of the minor structure area could make DASHUSD push to the new targets marked above. For the ones that do not have a position, it is better to wait for price to completely break the minor 4h structure and retrace so can longs be opened. For the ones that are currently in, just protect your position below structure and let it ride. Good luck on your trading.
Dashusd
💡Don't miss the great buy opportunity in DASHUSD @DashpayMidterm forecast:
While the price is above the support 101.85, beginning of uptrend is expected.
We make sure when the resistance at 250.00 breaks.
If the support at 101.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 109.35 on 07/19/2021, so more gains to resistance(s) 165.20, 178.70, 216. 05 and maximum to Major Resistance (250.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 56.
Take Profits:
TP1= @178.70
TP2= @216. 05
TP3= @250.00
TP4= @293. 40
TP5= @336.00
TP6= @399.65
TP7= @475.85
TP8= @542.90
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💡Don't miss the great buy opportunity in DASHUSD @DashpayMidterm forecast:
While the price is above the support 101.85, beginning of uptrend is expected.
We make sure when the resistance at 250.00 breaks.
If the support at 101.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 109.35 on 07/19/2021, so more gains to resistance(s) 165.20, 178.70, 216.05 and maximum to Major Resistance (250.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Take Profits:
TP1= @178.70
TP2= @216.05
TP3= @250.00
TP4= @293.40
TP5= @336.00
TP6= @399.65
TP7= @475.85
TP8= @542.90
❤️ 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 / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DASH/USD (100 Dollars Strong Support?)💎Technical Analysis Summary💎
DASH/USD
-The 100 dollar range has been a key area of interest of DASH
-We can see multiple reactions in this zone since 2017
-If DASH can hold the price above 100 dollars
-Expect a good bounce up action will happen in the coming months
-Perhaps if the overall market condition is in good shape
-The chances to retest the 500 dollars increases too
-For now, let us wait for a few weeks if the bulls can form a support
-Good luck traders! :)
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DASHUSDT Suppport BreakoutDASHUSDT(1H CHART) Technical Analysis Update
Support Breakout
DASHUSDT(1H CHART) currently trading at $126.50
Short Entry : $129.00 - $126.00
Stop loss: Above $133.00
Target 1: $119.00
Target 2: $115.00
Target 3: $108.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Dash (DASH) - June 16Hello?
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Please also click "Like".
Have a good day.
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(DASHUSD 1W Chart)
If the price holds above the 165.21626486 point, we expect the uptrend to continue.
(1D chart)
It needs to rise above the 197.43788317 point and find support to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 143.62557443 point.
If possible, we recommend moving along the uptrend line (1).
If it falls from the 143.62557443 point, it enters the mid- to long-term investment area and it may take a long time to rise, so careful trading is required.
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(DASHBTC 1W chart)
We should see if we can climb to the 0.005698-0.016067 section and form a box section.
To create a new rising wave, it must rise above the 0.016067-0.020848 section.
(1D chart)
If it goes down, you should check to see if it finds support in the 0.003742-0.004199 zone.
In order to turn into an uptrend, it needs to rise above the 0.005114 point and find support.
The downtrend is expected to continue until it deviates from the downtrend line (1).
However, if it rises above the 0.005698 point and finds support, I would expect it to break out of the downtrend line (1).
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
DASH POTENTIAL PATTERN REPETITIONLook closely at the period from 21 FEB 2021 to 10 MAR 2021.
Dash may move and evolve in a similar pattern, in movement and time. Several elements of the past pattern have been repeating in the last few hours and it is now confirmed. It is likely that the Dash, which is often repetitive in these movements, will be so again.
This is an idea and not investment advice, do your own research.
Trade safe.
DASH - The Great Supply Shock! Pretty Self explanatory analysis.
ATH Retest soon for DASH which would be led by a massive supply shock as DASH keeps on getting accumulated and Locked up on Staking Platforms!
Wait and watch
The R/R is pretty favorable but if it were me, I'd be happy to have a naked long exposure.
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This is (OBVIOUSLY) not a financial advice!
DASHGoing off the coinbase chart my analysis points to the following:
1. DASH is lagging the other coins big time as it hasn't even broken free from the corrective phase.
2. We could finally be making the push to an impulsive wave break out.
3. There is a larger potential IH&S pattern developing.
I would note that I am starting my EW studies so please DYOR and also if you are an EW analyst please leave a comment as to your thoughts.
Also DASH is lagging 2017 ATH's by about $1400. This lends bias and credibility to my theory that DASH is just in some large complex correction.
This is also highly speculative and you should do your own TA before investing.
My analysis and my bias and my gut is all pointing towards DASH will soon revist ATH's from 2017 then re adjust price versus $40-$50k BTC.