DASHBTC trade ideas
Long Dash/BTCAltcoins/BTC are crazy oversold. Bitcoin dominance is way too high considering all aspects.
Bitcoin finally looks like correcting and consolidating for a while - which would be perfectly healthy.
Altcoins/USD looks like ready for solid move.
This looks like the time to revive altcoin market. Most weak hands already sold on the way to the bottom.
Cheers!
DASH - Short-term rise remains relevantDASH is showing more positive tendencies than TRX, as its rate has increased by 2.65% over the day.
On the hourly graph, DASH broke the support line at 0.0116 rushed to the previous resistance levels. At the moment, the coin is located in an uptrend; however, it is earlier to talk about an upcoming bull run before DASh reaches 0.013 BTC. Traders might expect this level in a few days only if the trading volume becomes high as before.
$DASH Sitting at ATL BTC Levels in Binance... $DASH Sitting at ATL BTC Levels in Binance...
For now set alerts and wait for signals of reversal (IF happens).
UCTS Sell signal active on 1D/2D charts, (~26% down)
Falling from here, will lead us to look at other exchanges levels (Polo for example) for support levels..
#DASH
DASHBTC 1D - Potential Cup and Handle formingTHe current status of DASHBTC is an uptrend. It looks like an entry is not to far in the future if a bottom entry was missed. It appears to me that a C&H is forming on the 1D chart. Watch for either a handle confirmation, or even a potential breakout... This is crypto after all. Fundamentally DASH is known to be active in parts of the world where economic turmoil and inflation is great.
Spectro M is showing an Up Confirmation for the price action, as well as the Spectro Ultimate Trend Analyzer - UTA (Bottom most indicator) showing the early stages of a confirmed trend upward. Volume on Spectro O (indicator 2nd from bottom) appears to be flat lining near the median line on the BB Fibo and is teetering on a 1H reversal, if it doesn't break out early. My thought given this information is that we may see a small reversal, followed by a breakout (handle).
Analysis by AlchemistLA
dash darkcoin $dash #btctaking a good look at our old friend dash. Its been a while.
Funny how some of the old trendline and horizontals still match up. Why chart polo? Cause it has a history.
Binance on right tho? Yah, I want to see how the vol and vpro looks.
There are some more bullish charts, bunch of them, bnb, ltc, few more popping but things like fet and celr or whatever they are shilling on twitter now, its hard to buy the top end, let alone a breakout trade, on alts. I prefer the type of buy Ive shown here.
You can play with the stop, im not sure about those 2 wicks there and how far youd like it to run down, and some of this does depend on btcusd running the show, though dash had a 7% reward reduction recently, its nothing like the halvening running the ltc pump.
Anyway, as usual comments and feedback always welcome.
If you like to make charts, and trade btcusd and alts, do message me, always like discussing markets and outlooks.
DASHBTC soon a breakout is expected|upto 454% profit expectedThe price action is moving withing a pennant and found a support within a pennant.
If take the complete priceline within the pennant in fixed range of volume profile that it can be clearly seen that traders are not interested to trade in this lowest area.
Soon the price action will break out the pennant resistance and hit the sell targets insha Allah.
The targets are:
Sell between: 0.05799336 to 0.10179705
Regards,
Atif Akbar (moon333)