Dashusd
Does the Dash currency have any growth prospects?Today is a global review of the DASHUSDT trading pair.
Probably not many current crypto participants remember this, but at the end of 2017 in early 2018 at absolute highs Dashcoin was worth almost $1600.
And then the dark times for Dash investors began, as the $50 level the third time in 4.5 years pulled a price to them
By now, the Dashusd price is trying to get a foothold above $50. This maneuver gives a chance to suppose that in the coming weeks/months we might see a rebound up to the level of 115$ on the chart.
Then in the area of $115 will be decided the fate of the Dashcoin's price further movement: the continuation of growth to the area of 200$ or down to 50$ again.
But we will write about it in our further reviews of Dashusdt pair, analyzing the actual trading situation on crypto in the future on smaller timeframes, looking back at this global chart of Dashusd price.
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Dash (DASH) Sell ZoneDash (DASH) Sell Zone
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BIAS
Short-Term : Bearish
Risk : Medium
On lower timeframe Dash is showing short-term weakness and could easily tp gp for retest in this zone.
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$DASH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 56.1 - 56.9
TP 1 : 54.8
TP 2 : 53.8
TP 3 : 52.2
TP 4 : 51.1
TP 5 : 49.9
TP 6 : 48.8
TP 7 : 47.2
TP 8 : 45.7
Stop Loss : 58.3
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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DASH/USD Main trend. Price reversal zone.This chart shows the main trend of this cryptocurrency. Term 1 week. The idea is to understand where the price is on a global scale and what to expect. It is advisable to trade on a lower timeframe, but a large timeframe gives you an idea of what to expect in the future.
Pay attention to what formations have formed on the chart and how they can "flow" into each other, depending on how the situation develops in the reversal zones. Now the price is in the reversal zone below the line of the secondary downtrend. Which trend will dominate in the near future depends on this zone.
If a breakout occurs and the price consolidates above the resistance of the secondary trend (the resistance of the triangle) - a complete reversal and the emergence of a new upward secondary trend. If the price fails to break through and gain a foothold above this zone, it may roll back inside the triangle to support - the next reversal zone, and this is the level of 62.22. Next, you need to see how this support will react.
DASH/USD Main trend. Timeframe 1 monthMain trend. Term 1 month. Updated my previous main trend idea (long term) posted on 11/17 /2022 before the secondary trend reversal.
At the moment, a descending wedge has formed in the secondary trend. The price is near a potential reversal zone.
The idea on such a timeframe is to understand the main trend of this cryptocurrency and where the secondary trend zone is to trade.
Old idea of the main trend.
Precisely a trend reversal from the price of $85.18 to $380 and a reverse trend reversal from the resistance zone of 380. Profit + 518%
DASH/USD Main trend. Price reversal zone.
🔝DASH💥DASH is the native cryptocurrency for Dash (Digital Cash), an open-source blockchain project whose code is copied from Litecoin, which in turn was copied from Bitcoin. Primarily used for simple everyday payments, Dash was built to be a more cost-effective and efficient electronic cash system than its parent, Bitcoin. Buy Low, Sell High
DASH bullflagThere is a bullflag on dash on the daily. I opened a trade at 126 because it is the bottom of the channel (channel of resistance and support in red lines) of the bullflag. It could break out with this next daily close. wether you want to open a dash trade now or wait for potentially dash to go 126 again depends on you. Just make sure your stoploss is 120 or below! DYOR NFA.
I don't have recommended leverage or entry for this trade. Only thing I can give you is that 126 is support and 134 is resistance. best price of purchase would be 126 but that is if it even hits there again. U decide wether u think it will or not and open ur position. ALL I KNOW IS STOPLOSS 120 OR BELOW AND TP 175!
DASH - It Is Going To Rally Just Like Zilliqa It is nothing better to see than a bigger market cap coin going parabolic and therefore becoming a leader amongst altcoins. Zilliqa chart is looking extremely similar than a lots of alts, one of them is DASH.
I've copied / pasted and properly adjusted ZIL chart to the DASH so that all the dips are in the same timeframe. You can now see how similar charts are. Dash is clearly a grinding bit slower given that it is an older coin (2014), but when it pops it goes similar to what ZIL did and will likely continue to do so as an alt season progresses.
If DASH would do the same as ZIL it would be sitting at just above $430 right now, preparing to go above $1k. That is still to come and so we have to be patient. Patience is crucial for a success here.
I am not a financial advisor so non of this should be taken as a financial advise. Wish you all successful investment.
BINANCE:DASHUSDT
DASH - Entry timing and targetsBYBIT:DASHUSDT
1H trend chart
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DASH is forming a potential cup and handle on 1H.
If price can breakout the downtrend line, trading strategy as below.
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Profit Targets:
a) 138.5----Fib(1)
b) 142.9~144.7----Fib(1.272~1.382)
c) 148.65----Fib(1.618)
d) 155----Fib(2)
Stop losses:
a) 125.9-----Red horizontal ray
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DASH/USDT Trend. Channel. Triangle 344% Pivot AreaThe line chart is specially designed to show the trend. The timeframe on the line chart is 1 day. The price is squeezed into the corner of a huge symmetrical triangle with a base of 344% and is under its resistance (secondary trend resistance). Zones of levels to work on the chart.
Coin in coinmarketcap: Dash
Everything goes according to the plan I showed a year ago. Large cup - rise in price to its resistance 85 - 380. A pullback from its resistance, which formed this symmetrical triangle. Then it is very likely to break through its resistance and to start working off its targets. But no one rules out the process of dumping the passengers (squeezes), before the breakdown or with a false breakdown, so diversify your money to work.
DASH/USD Main trend. Price reversal zone.
Anonymous or conditionally anonymous (like DASH) would be a "trap" for shadow money. Anonymous cryptocurrencies can make good money... The main thing is not to get caught yourself before the trap slams shut.......
Remember, nothing is anonymous. Everything anonymous is designed to find out what you are hiding from the government. There is a plan, and it is implemented in stages. Remember the phrase from the famous book, "No one can sell or buy anything without being tagged." The process is well underway. There are now 2, there are plans for 6 to make the technology work effectively.
💡Don't miss the great buy opportunity in DASHUSD @DashpayTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (128.6).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 134.3
TP2= @ 137.9
TP3= @ 143.7
TP4= @ 147.5
TP5= @ 155.4
SL= Break below S2
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💡Don't miss the great buy opportunity in DASHUSD @DashpayTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (128.6).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 134.3
TP2= @ 137.9
TP3= @ 143.7
TP4= @ 147.5
TP5= @ 155.4
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 / 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 ❤️