Dashusd
DASHUSD - Short - Retrace possibleOn the chart we can see the price is currently overbought. The three indicators are suggesting the price is in overbought condition and is likely to go down.
This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands, RSI and Stochastic.
See all further details on the chart.
Goodluck!
DASH has been up 26% in the last 24 hours!DASH has been up 26% in the last 24 hours. Its price fluctuates in a medium-term downward channel in the daily time frame. The support that took place in the market the day before caused the price of Dash currency to make a good return from the bottom of this channel. A support area is considered in the range of 37.13 to 38.85 dollars; if Bitcoin continues its short-term upward movement after a correction, we can expect a positive reaction from this support range. In this case, the next target that can be considered is in the range of 54 to 57 dollars. In this case, the ceiling of the descending channel can be broken, and we can expect a pullback to the ceiling of the channel.
DASHUSDT Last attempt to finally break the 1D MA200!*** ***
For this particular analysis on Dash we are using the DASHUSDT symbol on the OKX exchange .
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The idea is on the 1D time-frame where DASH is approaching the 1D MA200 (orange trend-line) for the 2nd time since the November 08 rejection (FTX). This is the first time since the price broke below the 1D MA200 (December 01 2021) and never touched it again, that it will approach it twice on such a short time window.
This is the ultimate Resistance test for the coin as, as mentioned, it has been unbroken since Dec 01 2021. Ideally, we would like to see a break above the November 10 2021 Lower Highs trend-line, before calling for a long-term bullish reversal on DASH , in which case we can start targeting the Fibonacci levels since its 2021 All Time High, one by one, with the 0.236 Fib (at 58.7) being the first, which was the Resistance on the August 09 2022 High.
Notice also the RSI on the 1W time-frame, which is also making a key test on its August 2021 Lower Highs trend-line. A break there, can possibly be an early bullish reversal indicator.
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DASH made 14% today. What's next?Hello, dear TradingView members.
This is a DASH idea.
The price has made a 14% pump today and got rejected by the local resistance price area.
It is now sitting on local support and looks like it's holding.
There are two support levels on the way down and two resistance levels on the way up.
There are two possible scenarios:
Scenario one:
The price gets more support and buy volumes and goes back up to retest the resistance levels.
Scenario two:
The price gets rejected again and falls on the lower support levels.
If you want to open long positions, it's wise to wait for the price to break the local resistance price zone and then open your trades.
RSI is oversold, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
XMR still in long term uptrend against DASH and ZECEven though XMR has shown short-term weakness against some coins in the privacy vertical they still have a way to go before they can challenge XMR's long-established upward channel against them.
I expect oscillation along the channel and would be surprised if they venture into the blue bands. Provided no fundamental change takes place any venture into the blue bands above or below should present a trading opportunity.
DASHUSD Target Price 37.11DASHUSD. Price pulled back to horizontal support resistance level. Gap is horizontal support resistance level. Enter a long position at 35.12.
DASH Analysis 04/10/2022DASH is holding above the strong daily demand zone and also moving in a falling wedge. Its RSI is in the oversold region.
Technically falling wedge is a bullish pattern and we've to keep an eye on a successful breakout, which will confirm a bullish move in DASHUSDT.
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MetaFutures
DASH reached it's accumulation level$DASH reached horizontal accumulation level since 2017.
Great time to buy some.
If price bounces from current level most likely it will revisit ~$470 level of (May 2021) or might even go to ~$1000 (and make W pattern).
However keep it mind that further downside still possible.
Not financial advice.
Good luck!
#DASH Pinned to an $8 Range as Bears Flow BackPast Performance of DASH
Like other crypto assets, DASH failed to stand tall against a wave of sellers. As of writing, the coin is down five percent and bending back to follow strong bears. The dominant trend remains bearish in the short term, and this forecast will stand provided prices are below $50.
#DASH Technical Analysis
DASH is in accumulation in a bear flag when analyzed from a top-down preview. The immediate resistance is at $50, while the coin's support is at $42, marked by last week's lows. If bears press on and DASH cracks below $42, aggressive traders can unload on every attempt higher, targeting June 2022 lows of $38 and later $30 in a bear continuation formation. Already, the drop of the past two days is within increasing volumes hinting at bears. This move will confirm losses of Q2, signaling another wave of lower lows that could push DASH to the brink.
What to Expect from #DASH?
DASH is on a weak footing, and buyers should keep prices above $42 if the uptrend is to be sustained. A close above $50 and last week's highs will draw strength and attract buyers as the coin recovers.
Resistance level to watch out for: $50
Support level to watch out for: $42
Disclaimer: Opinions expressed are not investment advice. Do your research.