DASHBTC trade ideas
Don't miss the great buy opportunity in DASHBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00686).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.00809
TP2= @ 0.00880
TP3= @ 0.00980
TP4= @ 0.01153
TP5= @ 0.01360
TP6= @ 0.01610
SL= Break below S2
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Don't miss the great buy opportunity in DASHBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00686).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.00809
TP2= @ 0.00880
TP3= @ 0.00980
TP4= @ 0.01153
TP5= @ 0.01360
TP6= @ 0.01610
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DASH/BTC - Small falling wedge in a bigger oneWe are currently trading in a small falling wedge (yellow lines).
This wedge could break up soon.
If you zoom out on the chart you can notice this wedge is part of a bigger falling wedge (resistance is shown with red line).
Once the small falling wedge breaks, the first target is the first blue line at 0.00794 which represents the bigger wedge resistance and also an ichimoku flat kumo resistance.
This there is enought volume + stable BTC, the bigger falling wedge could also break up :
first targets : 0.0096 / 0.0107
Otherwise we are good for another leg down (but DASH is sitting on a strong support)
MACD crossing green soon in daily TF
Dash is where Bitcoin was back in March 2013 Dash devs have been busy the past few years...speeding up transactions via InstantSend/PrivateSend, dash pay, and as of late they have infiltrated the markets in Mexico; providing them with options to use a Dash debit card for their purchases. The technicals are showing that Dash has already started its new cycle and is close to beginning a long term uptrend. If you're in it for the money or the tech; Dash is a winner short and long term. Another member on "TV" recently posted that Dash is where bitcoin was back in 2013. I believe that he/she is correct since Dash is a clone of the Bitcoin protocol, but I believe that by 2023/24, Dash will be where bitcoin was in early 2017; and you know what happened towards the end of that year. Did I forget to mention Dash is also a privacy token? With all the scams the past few months (Unemployment payments,Twitter); I guarantee that in the next 2 years consumers will pay for "Privacy" like consumers pay for bandwith for internet usage. Tiers/Levels of privacy will be available for purchase is what Im saying....And please dont shill me other privacy coins bc I do own the others as well(ZEC,XMR)! This is just an update on Dash for long-term investors.
**This is my opinion and analysis so DYOR or dont**
Cheers!
$DASH, retest of support level around ~740k sats (good for entry$DASH
Current BTC activity lead to a retest of support level around ~740k sats (good for entry)
Overall picture didn't change much, still breaking from multi-year descending trendline w/ UCTS buys on HTFs
Once volume (IF) starts flowing in, aiming for 0.01sats per #DASH (~40%)
DASH / BTC - facing resistance but trend looks goodThe previous analysis fell a bit short with Dash moving a bit lower prior to going up only to come down and test previous low but bounced back from it. Volume is shaping up but I would want to see a close above the immediate resistance zone above for more upside.
DASHBTC 3D long setup after breakout of two parallel channelsTA Explained
DASH broke bullish against BTC! As can be seen in the chart it broke out of two parallel channels. The first is a local channel which was broken and retested successfully as can be seen on the 12H chart.
The second channel goes back to January of this year where is was formed as the flag of the first big impulse of this year. Actually that one on this higher time frame could be considered a falling wedge.
Targets align with previous resistance zones. SL is positioned just below the bottom trend line of the falling wedge. If prices reached there. The breakout would have been invalidated.
In Binance Margin this pair can be traded with up to 10x leverage. For this setup with the given SL i'd recommend not to use a higher leverage than 3x.
Trade setup
Best entries: 0.007650 - 0.008400
TP1: 0.011364
TP2: 0.14171
TP3: 0.017850
SL: 0.006486
RR: 6.38
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
DASH/BTCDASH/BTC is actually sitting on the massive support and printing the ascending triangle on the 4hrs. Similar pattern is also developed on the usdt pair which you can see in the chart below.
With the bullishness of the market, it could be easy money.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
DASH BTC LONG - GOOD SETUP1-retest of the triangle breakout to the upside
2- successful retest of the point of control (red line) meaning that buyers are in control
3- just trying to breakout the 0.008 resistence which also corresponds to the upper part of the retracement area (blue box)
A close above that level would be bullish up to the second blue box (fibonacci extension) which is at least a 16% gain.