Sort of confluence I look 4. Not setup*# lazy, messy GBPUSD long
Be wary of any tipster subscription service that is too lazy or too inept to give you some reasons for taking the trade. Look at the mess of GBPUSD now. Fools who thought the USD would not continue to rally this week, either because they don't have a clue or are too arrogant and lazy to pull the USDX chart apart. Mute them and move on.
This is a chart of a Crypto DSHUSD. The first thing that stood out to me was the incredible volume today. That promoted me to take a closer look. You don't need the BS of in intraday price-action theorist plotting their confusing charts to throw you off.
Firstly the Daily chart. Long term downwards wedge patterns have their ways of turning bullish, one of the reasons would be the oversold nature of the instrument. You will see exactly that here in this daily chart.
This is what you need to see multiple areas of confluence on bigger timeframes. Most price-action intraday traders hiding behind concepts they probably don't understand, the so called experts don't have a clue imo.
Dshusd
DSHUSD Potential For Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 64.03, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 58.33, where the previous overlap support is. Take profit will be at 85.30 where the overlap resistance is.
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DSHUSD Potential for Bullish Rise | 14th February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for an immediate entry at 62.91, to ride the bullish momentum. Price is also respecting the intermediary support level at 61.99. Stop loss will be at 60.38, where the recent low is. Take profit will be at 68.17, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58. 01 , where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58.01, where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DASH May Have Found The Strong SupportDASH may have found the strong support, as we see it recovering within an impulsive five-wave cycle from Elliott wave perspective.
DASH with ticker DSHUSD is bouncing strongly and in an impulsive fashion away from the lows and it’s just about to break channel resistance line. It means that ending diagonal within wave 5 of (C) on a daily chart can be completed and bottom already in place, however, keep in mind that first bullish evidence is only above 69 region.
In the 4-hour chart we are tracking now a minimum three-wave (A)/(1)-(B)/(2)-(C)/(3) recovery that can send the price higher within wave (C) or maybe even wave (3), but ideally after a pullback in wave (B)/(2) which may show up as soon as it completes a five-wave rally within wave (A)/(1).
Happy trading!
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DASH/USD : UPTREND , WE ARE APPROACHING A NEW IMPULSE ? LONG 🔔Welcome back Traders, Investors, and Community!
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#DSHUSD GO LONG FOR 136.261 BITFINEX:DSHUSDLONGS BITFINEX:DSHUSDLONGS
If we go for analysis base on shaped patterns and
fibo levels for easy analyse we can see
clearly triangle pattern shaped in 4H TIMEFRAME
and drawing 2 FIBO we can see bullish trend
started from 0.618 fibo support area
and right now price going towar 1.618 FIBO
ob 136.261 in this analyse i used super trend
to get confirmation
good luck
DSHUSD: Possible Long (30.09.2020)On the 4 hours chart, the price found support at 65, where a divergence formed between the price and the RSI, indicating a temporary cessation of the downward movement. In addition, the price has broken the trend line.
An upward impulse is forming on H1, which heralds a possible continuation of the price growth, while the price found support at 67.
We recommend buying now, as well as when the RSI reaches the oversold level.
DSHUSD: The Price Channel and When to BuyIf the market can stay above 100.00 level, we will get a horizontal price channel with the borders between the resistance level at 140.00 and the support zone formed by 100.00 and 92.00 support levels.
If so, the price reversal from the bottom of the price channel can be used for buying. Stop orders for long trades can be placed below 92.00 and the main profit target at 140.00 resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DSHUSD: Buy OpportunityThere is a trading idea that is based on the price reversal from the 100.00 support zone. RSI confirmed the price reversal as well as MACD histogram. If the price breaks the local downtrend line, it will give us a new bullish signal and a buy opportunity.
Entry Price: above 105.45
Stop Level: below 89.05
Profit Level: at 138.40
Risk per trade must be no more than 5% of your capital. If the price drops below SMA100, the next buy opportunity will be from SMA200 and 60.00 support zone.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DSHUSD: The Correction and Key Support Zones for BuyingThe daily chart gives us opportunities to think about buying based on reversal signals from the important support zones.
The price reached 140.00 resistance and bounced. We got three bearish candles, which confirmed the correction. RSI is not far from the overbought zone, and it tells us that we have room for the downward movement. MACD histogram supports the price reversal and sellers.
The market can continue the downward movement, but for this, it has to break the 1st support at 100.00 round number level. The price action in this zone will be able to provide us a possible buy opportunity based on a reversal signal. Stop orders must be placed below the local swing low.
But if we talk about better entry zones for long positions, I would like to talk about reversals from 80.00 and SMA200 as well as 60.00 and SMA100. For this, the price will have to drop below 100.00 support.
The market made a good upward movement. We can talk about the bullish market, which tries to develop a new uptrend. It should be added to a watchlist.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DSHUSD: Time to Fix ProfitThe price made a huge upward movement just within 2 days. If you bought the coin using the breakout signals above the downtrend line and SMA100, you are in a good profit now. You should have a plan how to manage your trades. If yes, you must follow it.
For those, you have profitable trades without any ideas about how to manage them, and for those who missed buy opportunities, this post can be interesting.
The price reached the resistance zone at 140.00 level. You can look at the past performance at this level, and you will see that the price can bounce from it. If so, the profitable long trades must be managed at this zone. There are two possible variants:
fix the whole profit
fix the part of profit and leave the rest of trade volume in the long run.
Which variant to pick, it will depend on your trading style.
If you missed buy signals in the right zone, opening long positions now will be a huge mistake. The market is overbought, and it is in the resistance zone. RSI is going to confirm the price reversal. We should be ready to see a correction movement and buy after that following reversal signals. These reversal signals will come when the price bounces from SMA200 for example, or the round number level like 100.00. Just following this plan, it will be possible to join the uptrend after a correction and catch a new impulse wave in the right place and time.
So, this is my plan for Dashcoin, and what about yours? Share your ideas in comments!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.