DASHUSDT
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 $170.
Movement In falling wedge, SMAs and volume profile:
Now I would like to show you again if falling wedge pattern that has been formed on the weekly chart. Iit can be easily observed that after getting bounced from the support of this wedge pattern the price action so far did not reach at the resistance. The priceline of Dash coin has 50 and 25 simple moving average resistances. However, at this time the price line is moving at the level where as per volume profile the trader’s interest is strong. Therefore there is a possibility that the price action can move up. But at the resistance of the wedge the trader’s interest is low and we have a 100 simple moving average strong resistance as well. Therefore there are strong chances that if the pricline of Dash will be reached at the resistance then it will be rejected again.
Conclusion:
As the price action has formed a bullish Shark pattern and started a bullish move from the potential reversal zone. Therefore we can expect that soon it will be reached at the resistance of the wedge that has been formed on the weekly chart, however, there are also chances that if the price action will be rejected by the resistance of the channel on daily chart then it can started another bearish rally.
Long DashInverse head and and shoulder formation in 4hr chart.Minimum 10% profit in a week. Target is 80 dollars.
Dash [DASH/USDT] on July 12 (#DASH #DASHUSDT)Even DASH is at its importance resistance but I think it will break the 75$ zone soon. And it will head to 80$ and 90$ zone in this July and will reach the 100-110$ zone in late August!
If it drops below 68$, it will be very risky
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.
DASH BREAKOUT EASY TARGET $78 - DASHUSD DASHUSDT DASHBTCDASH BREAKOUT EASY TARGET $78 - DASHUSD DASHUSDT DASHBTC
DASH Falling WedgeDASH Idea
Possible sup at 0.382
A strong bounce off 0.382 has already been seen, it may continue
Volume is also very large.
DASH making a DASH back to the starting line??DASHUSDT
I’m seeing a potential further drop for DASHUSDT here.
We have failed to break above the 50 line within the current downtrend channel and are currently sitting around support.
What concerns me is that this level has often lead to a change in direction multiple times in the past and lead to a fairly decent long run, however, these runs have been getting shorter and short every time. So in that case, has dash made it’s final dash…?
The long out of this zone in the past has been fairly instant but the moment we haven’t seen any bulls come in to save the day within the last 24 hours so this leads me to maintain a bearish bias on this one.
I want to see a break of support and retest which clear the wicks to the left before I open up a short back to previous structure for a possible 8% market move.
Fib waves idea for DASHShould move down according to chart
However i feel we are on the cusp of a massive summer bull run
Hence i am neutral
DASHBTC at the end of DownTrend LineDASH/BTC right now in accumulation zone.
Getting ready for BreakOut.
Goodluck!
🐞DASHUSD, Next week will be awesome!🐞🐞if you found my ideas helpful, don't forget to like or leaving a comment 🐞🍻 🥂 CHEERS!🍻 🥂🐞
Dash act like a fox!!hello traders!!
today we had a massive break down and dash break 2 support level.
my idea is dash will break down the third support level and it will break the support level(red line)66$
tip: it is sell time if you are looking for short time period but if i were you i wouldn't touch it.
DASHUSDT | Impending Breakout | Apex | Symmetrical Triangle Todays Analysis – DASHUSDT – Consolidating in a symmetrical triangle, nearing its apex where a breakout is probable.
Points to consider:
Multi-confluence resistance cluster
Support and resistance converging (Apex)
Declining volume
RSI showing weakness
DASHUSDT has been in a multi-week no trend scenario, trading within a contracting range where resistance is being held by the 200 EMA and .5 Fibonacci retracement.
Volume has also been on a steady decline, indication of an influx being imminent, possibly coinciding with the breakout.
RSI is also below 50 showing weakness in the market.
Overall, in my opinion, a break in either direction is impending. The break needs to be backed with increasing volume to solidify legitimacy and avoid any fake outs.
DASHYou probably recognize that DASH is the coin that the alts pump parade began several times. Like in January it happened again. Now we've formed an interesting large falling wedge with clearly expressed support near which we're and from which as we see on the Bitfinex exchange, capital came in. This's a positional trade with minimal risk with small volume fixation. I think it'll be near the resistance line of this wedge.
Sincerely, Mr. EXCAVO
DASHUSDT✅ Binanc3
💎 DASHUSDT - Short
➡️ Entry: 79.75 - 80.05
🎯 T1: 80.61 1.11%
🎯 T2: 81.72 2.50%
🎯 TBonus: 82.51 3.50%
☠️ SL: 78.61 -1.40%
DASH/USD - 4 signals to buy.On 4H there are 4 buy signals.
AO is preparing to cross the zero border.
RSI has broken through level 50.
Buying on corrections. By Fibonacci levels.
At 1d picture more long.
As if draw a double bottom of the levels.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
DASHUSDTLook for a break above 81 dollars,if this break happens dash is moving in a possible channel that could lead to a spike in the next coming days.
Target 1: 84.7
Target 2:95
Target 3:118
max:130
Dash Will make it!hello traders!
from 8 april until 8 may traders sold their belongings in the price range of (80.21$,88.021$) after that we had a major breakdown and the price change and also traders goal changed and from 11 may until 27 may market had nice rise but the price that made the traders to sell their belongings was 78.48$ so number changed to low price.
my idea is that we can make market continue to rise. ( my target price is 88.5$ )
!!!! don't be greedy if you had nice profit then exit form market !!!!
DASH Long-Term viewHello Trader,
On this quick analyses for Dash on weekly charts, we can see that we are inside a long-term downtrend channel, and we just make our test on-resistance of this channel, so we can be heading up to test the support of this channel, but we have a strong support level below the price, so we don't believe that we will test this level pretty soon, and the long setup will be indicated if we broke the resistance of this channel, and starts to accumulate above this level, but for now the primal trend still bearish, so be careful with long positions.
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