DASH After 7 Years of Stagnation: Powerful C Wave Breakout BeginHi guys! 🌟
Today, we have an exciting analysis of DASH. After a long and exhausting 7-year correction, it seems that DASH is beginning a powerful upward movement in the form of Wave C.
🔑 Wave A started in 2014 at $0.20 and reached its all-time high of $1625 in December 2017. Then, Wave B began a correction, with the price dropping to $19, which occurred in August 2024. This 7-year correction is a 50% retracement from the all-time high, making it a golden opportunity for a discounted entry at this level. This correction indicates a return to half of the all-time high, providing a perfect entry point.
📊 At the end of Wave B, a descending wedge pattern formed, signaling the end of the correction and the beginning of a new upward trend. After breaking the $40 level and pulling back to this level, a confirmation for market entry was made.
🚀 Wave C is now starting from the $19 low in August 2024 and has the potential to push DASH to new heights. Two major resistances are in front of us:
Resistance at $75: A break above this level could start a risky entry into the market.
Descending trendline resistance: This line is formed from the all-time highs of $1625 in December 2017 and $477 in May 2021. A break of this trendline provides a stronger confirmation for entry and more upward movement.
🔮 Targets:
🎯 $400 (430% profit)
🎯 $1700 (2100% profit)
DASH is on the verge of a massive breakout! 🚀
DASHUSDT
DASH is heading for $72A logical target price, if your Elliott wave and Fibonacci projections play out, would be in the vicinity of the key Fibonacci retracement levels—particularly around the 61.8% ($65 area) or as high as the 78.6% ($72 area) retracement of the prior decline. If the bullish Elliott wave structure is confirmed and momentum is strong, an eventual retest of the swing high near $80 could be possible. However, these should be treated as potential targets, not guarantees.
More Detailed Reasoning:
Identifying Wave Targets with Fibonacci:
Elliott wave practitioners often use Fibonacci extensions and retracements to project potential price targets for each wave. Assuming your scenario of a new 5-wave impulse forming off the recent low is correct, the two key levels to watch would be:
61.8% Retracement (~$65): This is a common target for a robust Wave (3) or as an initial resistance level if price is reclaiming ground lost in the correction.
78.6% Retracement (~$72): This level often comes into play if the trend is especially strong. If Wave (3) surpasses the 61.8% level decisively and doesn’t encounter heavy selling, the 78.6% is the next logical checkpoint.
Wave-by-Wave Considerations:
Wave (3) Target: Typically, Wave (3) is the most dynamic and might push price to or beyond the 61.8% retracement. If momentum and volume confirm the bullish move, $65 could be an initial target. Surpassing that, $72 becomes the next serious test.
Wave (5) Potential: If the structure unfolds in textbook fashion and there’s enough bullish sentiment, Wave (5) could aim to retest the previous swing high near $80, or even exceed it. This final push often comes with weaker RSI momentum and possible divergence, signaling caution.
Market Confirmation:
It’s important to note that these are projected targets based on an Elliott wave scenario and assume the market follows a recognizable pattern. Before making trading decisions, look for confirming evidence:
Momentum (RSI): RSI should trend upwards as the price moves into Wave (3). Weak RSI as price approaches $65 or $72 would be a warning sign.
Volume Patterns: Increasing volume on moves higher supports the bullish scenario. If volume declines as price approaches key fib levels, you might encounter resistance or a failing rally.
Risk Management:
Always remember that no Elliott wave or Fibonacci level guarantees a certain price outcome. Unexpected market developments, news events, or changes in sentiment can derail even the clearest pattern. Plan your trades with stop-loss orders, monitor market conditions closely, and be ready to adjust your targets as real-time data evolves.
Conclusion:
Based on the given Elliott wave and Fibonacci framework, a reasonable bullish target would first be the 61.8% retracement ($65), followed by the 78.6% ($72) if momentum remains strong. A more optimistic scenario might see price retest the previous highs near $80. Use these levels as guides rather than absolutes, and monitor volume and RSI for confirmation as the trend unfolds.
Bought from the Green BoxThe green box on the chart represents a significant buyer zone, and I executed a long position after observing price action within this area. This analysis will break down why the green box was identified as a demand zone and my expectations for DASHUSDT's movement.
1. The Significance of the Green Box
The green box marks a strong demand area where buyers have previously stepped in, making it a high-probability zone for a bounce.
Key Support Zone: This area aligns with historical support levels and technical confluences, reinforcing its strength.
Market Structure: Price has maintained higher lows above this zone, signaling a bullish continuation pattern.
Volume Confirmation: Increased buying volume near the green box suggests active demand.
2. Why I Bought Here
The decision to buy was based on the following confirmations:
Price Action Signals: A bullish reversal pattern formed within the green box, confirming buyer interest.
Fibonacci Retracement: This zone aligns with the 0.618–0.786 retracement of the previous upward swing, a classic area for reversals.
Oversold Conditions: Momentum indicators like RSI showed oversold conditions, adding confidence to the buy decision.
3. Current Expectations
Based on the price action and market structure, I anticipate the following scenarios:
Primary Target: The first target is set at the nearest resistance level, which aligns with previous highs around $XX.XX.
Secondary Target: If momentum continues, the second target is the $XX.XX level, corresponding to a Fibonacci extension level.
Stop-Loss Placement: My stop-loss is set just below the green box to minimize risk in case of invalidation.
4. Strategy and Risk Management
Risk management is a crucial part of any trade, and here’s how I’m handling it:
Risk-to-Reward Ratio: The trade offers a 1:3 risk-to-reward ratio, balancing potential gains against downside risk.
Monitoring Key Levels: I’ll be closely watching for volume spikes and resistance breakouts to validate the bullish momentum.
Adjusting Stops: As the price moves toward the target, I plan to trail the stop-loss to secure profits.
5. Final Notes
The green box represents a well-defined buyer zone backed by multiple technical factors. I’ll remain patient and let the trade develop while managing risk effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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DASHUSDT Breaks Channel: Bullish Surge Ahead!BINANCE:DASHUSDT Technical analysis update
DASHUSDT has formed a descending channel pattern on the daily chart, breaking above the channel's resistance line. The price is currently trading above the 100 and 200 EMAs. A strong bullish move can be expected once the breakout is confirmed on the daily chart.
DASHUSDT Long Setup Setting / Targets and Plans📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone:28.66-29.08
⚡️TP:
29.61
30
30.50
31.10
🔴SL:
27.69
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
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_____________________
DASH analyssi (4H)After the X wave, it has entered a correction phase.
It is now near the premium part of the previous wave.
From the supply range, it can move towards the specified targets.
Closing a daily candle above the invalidation level will be a violation of the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DASH Price ActionDASH is currently in a bearish trend and has been moving under a trend line for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel.
Currently, the price is consolidating on the support zone Green. For a bullish move, the price of DASH must break above the trend line. This resistance has acted as a barrier to the price, preventing any significant upward movement.
On the other hand, if the price fails to hold the support zone Green and breaks below this zone it is likely to test the lower support.
DASH sell/short setupThe structure of DASH is bearish. There is a good swap range ahead. This is a resistance zone.
If DASH reaches this range, we will look for sell/short positions.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Long position on DASHUSDT 49Min/ Volume PredictionBINANCE:DASHUSDT
BINANCE:DASHUSDT
SL2 ---> Mid-risk status: 4x-5x Leverage
SL1 ---> Low-risk status: 2x-3x Leverage
⚡️TP:
26.58
26.70
26.90
27.20
27.45
28.00(In Optimistic Scenario)
➡️SL:
25.48
24.95
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
Is DASHUSDT Poised for a Major Bullish Breakout?Yello, Paradisers! Have you noticed the exciting opportunity brewing with DASHUSDT?Let's dive in and see why this could be a game-changer!
💎We've witnessed #DASH breaking above a descending resistance, signaling a high probability of a bullish move. After overcoming this descending resistance, DASH is now approaching a key internal resistance $24.48. If DASH manages to break above this level and sustain its momentum, there's a great probability it will continue its bullish ride and mitigate above a strong supply zone.
💎Currently, market sentiment is bullish. Why? Because DASH has failed to make a new lower low and has instead sustained its momentum at support levels. But what if DASH faces a strong rejection at the internal resistance of $24.48 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the support level of $23.40.
💎During this phase, many inexperienced traders might rush to open short positions and get trapped. If the price breaks below this support and it turns into resistance, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Is #DASHUSDT About to Skyrocket? Here’s What You Need to Know!Yello, Paradisers! Have you noticed the exciting opportunity brewing with #DASHUSDT? Let's dive in and see why this could be a game-changer!
💎We've witnessed #DASH breaking above a descending resistance, signaling a high probability of a bullish move. After overcoming this resistance, #DASH is now sustaining momentum at a probable support level of $25.13. If #DASH manages to break above this level and sustain its momentum, there's a great probability it will continue its bullish ride and aim for the internal resistance zone at $31.40.
💎The current market sentiment is bullish. Why? Because DASH has failed to make a new lower low and has instead sustained its momentum at support levels. But what if NASDAQ:DASH faces a strong rejection at the internal resistance of $31.40 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the demand level of $22.69.
💎During this phase, many inexperienced traders might rush to open short positions and get trapped. If the price breaks below the demand level at $22.69 and it turns into supply, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey.Be a PRO.
MyCryptoParadise
iFeel the success🌴
DASH: One of the Oldest Cryptocurrencies.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
DASH coin is one of the oldest cryptocurrencies, having debuted on January 18, 2014. This coin, with its long history in the crypto market, has battled a downtrend for a long time, experiencing a remarkable rally from $0.214 to $1575 (an 11,000% increase) and then a significant decline to $20 (a 98% drop).
With the current price close to an all-time low, DASH is holding the support trendline at $22.3. A potential rebound from the current market price (CMP) is likely to test the primary resistance, which ranges between $40 and $47.
The lower support at $15 is there to hold the price if we witness any further decline.
- Primary Support: $22.3.
- Lower Support: $15.
- Primary Resistance: $40 to $47.
- Higher Resistance: $76.
DYOR, NFA.
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#PEACE
DASH Technical AnalysisDASH breaks above a descending trend line, indicating a likely upward move. Now, DASH is near an important resistance zone (Green) at $24.91 - $25.17. If it breaks out from this zone and maintains its momentum, we could see the price to the next resistance zone (Blue) at $29.89 - $30.44.
The market sentiment is positive because DASH has maintained its momentum and hasn't made new lows. However, if DASH faces strong resistance at the Green Zone and starts to lose momentum, we should look for a bounce back from the $23.30 support level before making bullish trades.
Buying opportunity for DASHThe structure of DASH seems bullish. It keeps making higher L's.
There is also a bullish CH on the chart.
The targets are clear on the picture
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks