Dash (DASHBTC) Finds Support: Will Move Bull Again (100% PP)Dash (DASHBTC)’ completed its retrace after it had a nice run. Right now support is being established and soon DashBTC will move again.
Let's take a quick look at some of the signals:
Retraced fully, after several weeks of bullish action yet DASH made a higher low.
RSI bounced from oversold and the MACD is curving up, more signals that support is being found and retrace completed.
Decreasing volume.
Inverted hammer candlestick.
DASHBTC will move soon.
Here is our long term trade for DASH:
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DASHBTC trade ideas
DASHBTC can DASH ride butterflies?This could be potential Butterfly pattern. If so, I'm willing to risk some DASH in this trade.
If Butterfly pattern was finished, level of previous three lows would be nice entry point. Stop loss for this entry is bellow 1.272 of XA.
Other possibility is that DASH will finally break out over 0.024 (this time for real) and continue north. For this entry stop loss is right bellow point D.
In each case first target will be 0.382 Fib retracement level of CD and part of trade left for longer ride (hope so).
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
A trading opportunity to buy in DSHBTCTechnical analysis:
. DASHCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.023800 to 0.021000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.023800)
Ending of entry zone (0.021000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.032110
TP2= @ 0.037095
TP3= @ 0.047079
TP4= @ 0.055200
TP5= @ 0.063260
TP6= @ 0.074765
TP7= @ 0.089450
TP8= Free
A trading opportunity to buy in DSHBTCTechnical analysis:
. DASHCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.023800 to 0.021000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.023800)
Ending of entry zone (0.021000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.032110
TP2= @ 0.037095
TP3= @ 0.047079
TP4= @ 0.055200
TP5= @ 0.063260
TP6= @ 0.074765
TP7= @ 0.089450
TP8= Free
DASH / BTC: Breaking down a little further...Looks like DASH will break down a little further to some lower support levels. While it pumped a while back it looks like the overall downtrend has not been broken, and we will see lower levels. I market 3 levels in purple, yellow line indicating we may move into some lower accumulation.
DASH Poised for a Beautiful Breakout to the UpsideDASH/BTC is poised for a beautiful breakout to the upside, similar to that of XRPBTC a few days ago. Breaking out of this wedge resistance wall is imperative to continued confidence. RSI and MACD on the Daily showing that the gains are just starting for DASH and that this is VERY likely to break through wedge resistance. Sells marked at red levels per fibonacci retracement tool.
Dash is worth a watch - Loooow RSI, Stoch and MacdI think Dash is worth watching closely, the RSI is in oversold territory, stochastics are low and the macd looks like it may be finding a bottom soon. As you can see the RSI getting into the oversold area is no guarantee it will move up, its lingered down there for months in the past but its still worth setting some alerts to keep an eye on.
Last burst in price from this area seen a 50ish% move up. I haven't opened any positions yet but watching closely.
Short term
Be careful buying it because BTC is moving up. It doesn't always follow BTC's lead right away so if you're looking for quick gains, you could be playing with fire.
Long term
I think its a good buy, solid fundamentals but do your own DD.
DASH showing Bullish Divergence, and within a falling wedge.DASH/BTC is showing bullish divergence on the RSI and on the CMF on the 4-hour indicator. MACD is also showing bullish divergence, but I did not show it here. Alongside that, it is within a falling wedge pattern as it nears support on the .786 fib line. If you guys caught my LTC/BTC analysis from last night, this looks eerily similar. Only risk is if BTC decides to move down. I made another analysis where I outlined why I thought it would go down, but the bulls defended 6360-6370 with some force, so there is a chance we could see it move to the upside, it's honestly 50/50 right now for which direction BTC will take.
Higher risk entry: 23600-23800.
Best Entry: 23435-23550 (I'm guessing it will go down to these levels before moving up, but there is a chance it could break to the upside before then, so do your own diligence and risk-assessment.)
Target 1: 25450
Target 2: 27200
Target 3: 30000
SL: 22000-23000 depending on risk level.
Big thanks to cervantescerville for telling me to check out DASH, wouldn't have checked it out had he not sent me images of the fib lines and of the bullish divergence on the RSI and MACD.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
A trading opportunity to buy in DASHBTCTechnical analysis:
. DASH/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02144600 to 0.01799300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02144600)
Ending of entry zone (0.01799300)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02589200
TP2= @ 0.02822700
TP3= @ 0.03231000
TP4= @ 0.03693200
TP5= @ 0.04289000
TP6= @ 0.04682700
TP7= @ 0.05483200
TP8= @ 0.06284500
TP9= @ 0.07424300
TP10= @ 0.08876300
TP11= Free
A trading opportunity to buy in DASHBTCTechnical analysis:
. DASH/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02144600 to 0.01799300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02144600)
Ending of entry zone (0.01799300)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02589200
TP2= @ 0.02822700
TP3= @ 0.03231000
TP4= @ 0.03693200
TP5= @ 0.04289000
TP6= @ 0.04682700
TP7= @ 0.05483200
TP8= @ 0.06284500
TP9= @ 0.07424300
TP10= @ 0.08876300
TP11= Free