Falling Wedge on DASHBTCFrom may 6th this year dash is forming a nice falling wedge (bullish wedge) these wedges are really good chart patterns especially after a great downward movement. But how we can tell that this downward move is a corection not the resume of the underlying downtrend eversince 0.12Btc (ATH)?
simply we can't say for sure but there are signs of reversal. First of all when doing these kind of analysis we should take a look at some fundamental features of the asset that we are willing to buy. We dont want to waste our money, right?! (as lot of people are doing right now).
The most important thing about dash is that this coin is one of the most used coins as day to day payments that even bitcoin is incapable of doing so without lighting network. Dash is among top ten ATM supported coins (just google it) and it is because of its speed and its very low fee among other coins. So back to the topic we now know that we are not talking about a hype. we are talking about something that has usecases right now and will be used for years because of its utility abilities regardless of price action.
About technicals:
As you may know I'm a quantitative analyst and I make indicators and trading systems with my colleague. I dont like to complicate things as other novice traders do and I dont like to use a lot of indicators. Most of the time you should see the bigger picture of market and should see the emerging opportunities and big reversals. You can not be precise about price and time.
We can say it is more probable that this downward movement is a correction to the upward movement that started from the begining of 2021 in DASHBTC pair because the downward move consumed more time and less price and it formed a falling wedge and now it is time to break this formation. A false break to downside is probable but odds of a soon reversal is pretty nice I suppose.
I putted a fibonacci on time axis and as you can see we are reaching 1.618 (an important ratio) of the time it took for dash to move up from 0.002326 in jan to 0.0083 in may. I'm not telling that we are reversing in immediate future but I found these ratios useful in manual trading. So to recap what I said it is wise to keep an eye on this chart and see the oppurtunity; You can buy in a possible false breakout or to wait for actual breakout to upside. I either case do not forget to use stoploss and mange your risk.
DASHUSDT
DASHUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
Entry: market and lower
TP: 168 - 188 - 210
after first target reached move ur stop to breakeven
Stop: ~122 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
DASH - TP/SL for getting rid of this trend lineBYBIT:DASHUSDT
1H trend chart
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DASH is squeezing under the downtrend line.
If price can break out the trend line, we can have a trading strategy with 2.92 R/R ratio.
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Profit Targets:
a) 162.95~167.6----Fib(1.272~1.382)
b) 177.6----Fib(1.618)
c) 193.8----Fib(2)
Stop losses:
a) 146.5-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DASH - Breakout and TP/SLBYBIT:DASHUSDT
1H trend chart
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DASH is breaking out the long-term downtrend line on 1H
If price can keep being here, trading strategy as below.
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Profit Targets:
a) 133.3~134.1----Fib(1.272~1.382)
b) 135.85----Fib(1.618)
c) 138.65----Fib(2)
Stop losses:
a) 128.30-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DASHUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 230 - 275 - 320
after first target reached move ur stop to breakeven
stop: ~under 142 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
DASHUSDT - Buying opportunityBYBIT:DASHUSDT
1H trend chart
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DASH has built a double bottom pattern.
And it is trying to break through the neckline 209.2
If price can break it out w/o wicks top, trading strategy as below.
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Profit Targets:
a) 219.9~224.2----Fib(1.272~1.382)
b) 233.45----Fib(1.618)
c) 248.45----Fib(2)
Stop losses:
a) 191.75-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DASHUSDT , Its ready to reach targetHello everybody
Its one the amazing privacy coin but its tired the holders and its do nothing but we think the compression of the price and the ... it happend and now its ready to go up and go to the moon step buy step
According to the chart you can see , the price in some months ago break the downward trend and now we are in upward trend , according to the chart , we were in correction of micro wave and now we supported the price from the support zone and the key level point and the first target is the end of the breakwave and ...
Guys entrance in position in lower time frame and check the chart in multi time , in 1h or 4h or 15 mins time frame then with nice R/r entrance in position and ENJOY YOUR PROFIT .
Good Luck
Abtin