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DASHUSDT

DASHUSDT AnalysisPeople who listened EngineeringRobo's BUY 2 signal in the first week of July, enjoy your 24.61% PROFIT that you made just in 3 weeks! There are also MOON & MA20-MA50 cross strategy follows right after BUY 2 signal. If you are holding DASH, do not hurry to sell since the candles are above the support level ($84.05). And yet, there are no SELL signals. You can wait until EngineeringRobo's SELL signals or if the candles open-close below the support level, you can go ahead and sell it. There is a candle open-closed above the support level & there are 3 BUY signals from EngineeringRobo. So, I'm bullish and if you haven't bought yet, you can buy right now.
by EngineeringRobo
3
Will Dash Coin Breakout The Channel’s Resistance ???In my previous article about the Dash coin we have seen that the price action completed a bullish Shark pattern on 2 day chart and it was gearing up. Now currently price action is entered in the Fibonacci projection of C to D leg from 0.382 to 0.786 level. Therefore in today's post we will try to understand where the price action can move next. Movement in a down channel and moon phases: If we take a look on the daily chart then the price action has formed a down channel. At this time the price action is at the resistance of the channel and being consolidated at certain level. Now there is a possibility that the priceline of Dash coin will turn bullish again from this level for the breakout. Because if we watch the moon phases indicator then full moon is above the resistance. That is indication that it can be easy for the priceline to breakout or at least it can hit a spike up to the level of the full moon. But if the price action will be rejected by the resistance then it can move down at the support of the channel as well. After rejection the priceline did not touch the previous support: After being rejected by the resistance of 85 dollars the price action is again moving up without touching the support at $60. After $60 support we the last support is at $38.16. And in case of breakout the Dash coin has next resistance at $100. And incase of breaking out the $100 the next resistance levels would be $130 and $170. Movement In falling wedge, SMAs and volume profile: Now I would like to show you again if falling wedge pattern that has been formed on the weekly chart. Iit can be easily observed that after getting bounced from the support of this wedge pattern the price action so far did not reach at the resistance. The priceline of Dash coin has 50 and 25 simple moving average resistances. However, at this time the price line is moving at the level where as per volume profile the trader’s interest is strong. Therefore there is a possibility that the price action can move up. But at the resistance of the wedge the trader’s interest is low and we have a 100 simple moving average strong resistance as well. Therefore there are strong chances that if the pricline of Dash will be reached at the resistance then it will be rejected again. Conclusion: As the price action has formed a bullish Shark pattern and started a bullish move from the potential reversal zone. Therefore we can expect that soon it will be reached at the resistance of the wedge that has been formed on the weekly chart, however, there are also chances that if the price action will be rejected by the resistance of the channel on daily chart then it can started another bearish rally.
KRAKEN:DASHUSD
by moon333
1
DASHUSD is gearing upHi friends hope you are going well and welcome to the new update on Dash coin. Recently the Dash coin has completed the Shark pattern and after entering in potential reversal zone as per Fibonacci sequence it took bullish divergence and moving up. Support and resistance levels for Dash: At this time the priceline of Dash coin is moving between the 60 dollar support and 85 dollar resistance level. If the $60 support level will be broken down then next support will be $38.16 and if $85 resistance level will be broken out then the next resistance level will be $100. Tthis is also a strong resistance because the priceline is not able to breakout this $100 resistance since after it was broken down in August 2019. Then next resistance level would be at $130 and after that $170. A big falling wedge pattern and volume profile: On the long-term weekly chart the price action is moving in a falling wedge. In March 2020 the price action is bounced from the support and at this time it is moving at the center of the wedge pattern. If we watch the volume profile of the complete price action of Dash coin moving within this pattern then it can be easily seen that the point of control of the volume profile is at the same level where the price action is moving at this time. And this is the basic reason the price action is not moving up and down even it is moving around this POC level. A big BAT move: Now I would like to draw your attention towards my post that I published on 22nd of March 2020. Where I revealed that on 4 day chart the price action of Dash coin has completed the formation of bullish BAT pattern. Now from the potential reversal zone the price action has started moving up at this time it is moving above this PRZ level. As per Fibonacci sequence of bullish BAT the buying and sell targets can be as below Potential reversal or buying zone: $63.13 up to $51.45 Fibonacci projection or sell zone: $91 and ends up to $132.92 Conclusion: The price action has already bounced from the support of falling wedge pattern. And recently it has taken another bullish divergence from the potential reversal zone of bullish Shark pattern. Therefore we can expect soon the price action will move more up on long term and it will enter the Fibonacci projection area of bullish BAT.
KRAKEN:DASHUSDLong
by moon333