DASHBTC trade ideas
DASH-BTCGreetings,
DASH coin in the low global trend, the daily chart shows the channel. The secondary trend is also downward, in the form of a wedge.Now the price has approached the trend, as well as to the zone 8000, which is a strong level and the last one was from it. After the previous pumping at the beginning of the year, the price corrected to 0.786 Fibonacci. After the break-down I expect a strong movement, the first target is 20-25% in the 10000 zone. Further targets for the volume indicator are on the chart.
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$dash some thoughts on what can happendefi is the narrative now, just like lots of narratives before. Have exposure to it while its all going up... that said....
going through the charts i see stuff like dash. I think on a move past 0082 we go to .0107 or so
going higher and taking out the .012 i see near .03. Why? Whats the narrative? I dunno, lets find out then.
its a down trend for now with a possible higher low forming / formed.
Don't miss the great buy opportunity in DASHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00731). 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 54.
Take Profits:
TP1= @ 0.00843
TP2= @ 0.00982
TP3= @ 0.01050
TP4= @ 0.01210
TP5= @ 0.01360
TP6= @ 0.01610
TP7= @ 0.02090
TP8= @ 0.02575
TP9= @ 0.03250
TP10= @ 0.03840
TP11= @ 0.04865
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 (0.00731). 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 54.
Take Profits:
TP1= @ 0.00843
TP2= @ 0.00982
TP3= @ 0.01050
TP4= @ 0.01210
TP5= @ 0.01360
TP6= @ 0.01610
TP7= @ 0.02090
TP8= @ 0.02575
TP9= @ 0.03250
TP10= @ 0.03840
TP11= @ 0.04865
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 ❤️
Trading Idea on DASH/BTCHello Traders,
For DASH, we are below the long term resistance line, so the scenario is bearish for this asset in the long term until we are below that line.
In the short term, we felt the support level at the blue line.
This can give the bulls a try to take the price to the resistance line, but the movement is weak
I bet that we can stay inside a sideways movement for a little longer
above 0.0080 will start to look bullish once again
Push The like Buton and follow us on tradingview
Dash Weekly PerspectiveDASH transactions are increasing by 100% in parts in China.
DASH had a big pump backed by high volume a couple of weeks ago.
It's near a very low point and in my subjective point of view DASH can't get any much lower.
DASH can clear out the oblique resistance with ease and hopefully march its way back up.
In the linked idea you can see a more close up look I made couple of weeks ago of DASHEUR. At the time of writing it got rejected at 113 euros.
This means it made a lower high which is bearish.
DASHBTC - Bleed coming to an end?DASHBTC has been pushing the bottom side of the wedge ever lower over the past few days, resisted by a very defined bleed line. Price has finally crossed over (confirmed on daily+lower timeframes). Looks to be in accumulation faze. Plenty of room to move up and not too much in the way.
Accumulation/buy zone - 0.007530 - 0.007730
Some possible take profit targets:
Target 1 - 0.007860
Target 2 - 0.008324
Target 3 - 0.009393
If wedge broken next targets likely to be hit.
Target 4 - 0.011504
Target 5 - 0.015216
Great Risk/Reward if buying in the box with the stop-loss around 0.007400
Have a great day
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DASH & ZCASH- LONG SIGNAL - DOUBLE BULLISH DIVERGENCEHello, Dash is currently on a long term support, showing a double divergence (higher mins with lower RSI) signaling an exhaustion of sellers. In general Privacy are the best set up for a small rally.
Already said about monero XMR (see the linked idea), also ZCASH looks nice, still waiting for a breakout on that one tho.
Dash is the most interesting one now tho. Expecting it to retest at least the POC (red line)
DASH/BTC 12H (Binance) Channel & triangle on supportTA: Digital Cash (renamed Dash only) is facing strong support of parallel channel and symmetrical triangle.
FA: Privacy coins have a bright future in cryptocurrency world like Zcash (ZEC) and Monero (XMR) as I already mentioned few month ago.
Also I would add Komodo (KMD), Pivx (PIVX), Zcoin (XZC), Verge (XVG) and Horizen (ZEN) to the list (in no specific order).
Current Price= 0.007910
Buy Entry= 0.007912 - 0.007452
Take Profit= 0.008540 | 0.009139 | 0.010108
Stop Loss= 0.006824
Risk/Reward= 1:1 | 1:1.7 | 1:2.83
Expected Profit= 11.17% | 18.97% | 31.58%
Possible Loss= -11.17%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h