Dash Breaks Above Resistance... Ready To Grow!DASHBTC just printed the classic stop-loss hunt move... Or you could say a shakeout, fake breakdown... ???
We don't know, people have so many names for everything these days.
The thing is that prices broke below support but this doesn't mean that DASHBTC is now going even lower, instead, prices quickly move back up and the break below support turns into a bullish signal.
Now that prices are above EMA50 with strong bullish indicators, MACD and RSI... We can expect to see higher prices.
This one too will grow.
Namaste.
DASHBTC trade ideas
$DASH, Retested ~530k sats (descending trendline)...$DASH
Retested ~530k sats (descending trendline) & starting to push again up
UCTS showing a 1D buy signals & lower timeframes as crossing EMA50 for the 1st time since May
~690k sats as 1st target (25% since entry) but aiming for continuation for higher targets
#DASH
$DASH, Waking up after a entire year falling ~70% from January $DASH
Waking up after a entire year falling ~70% from January highs
Breaking from descending trendline as UCTS is showing a 1D Buy signal (needs to close)
Aiming for an entry at ~530k potential retest seems safer for now
Room to grow back to 2020 ATH is massive (250%+)
#DASH
#DASHBTC (Long Term) 11/20 #DASHBTC (Long Term)
Buy : 0.00500000 - 0.00428275
Target 1: 0.00550000
Target 2: 0.00675000
Target 3: 0.00875000
Target 4: 0.01250000
Stoploss: 0.00417308
Signal R/R: 10% / 150%
Net ROI : 50%
Invest / Position Size : 5%
Exchange : Binance
Duration: 15-90 days
Confidence in Trade : Medium
we ask Allah reconcile and repay.
Dash AnalysisHello Traders,
Dash is above an very important support. The last times when we reached this level the price pumped dramaticaly. I would keep my attention to dash in case that this coin start another bull-run specially if it does a candlestick reversion or if it break out the red line.
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DASHBTCIt is a ranging market and this will need a bullish volume to spring up because 0.0063 is a strong area.
But we don't believe a bearish bias is ideal.
All of my market shared technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content. At this profile page, the analysis, ideas and also, the strategy of a chart belongs to Khiwe; -it is not to advice on financial markets; please apply your own analysis and confirm it with price action.
💡Don't miss the buy opportunity in DASHBTCMidterm forecast:
While the price is above the support 0.00530, beginning of uptrend is expected.
We make sure when the resistance at 0.00850 breaks.
If the support at 0.00530 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI resistance #2 at 53 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.00600 on 10/10/2020, so more gains to resistance(s) 0.00655, 0.00725, 0.00780 and maximum to Major Resistance (0.00850) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Take Profits:
TP1 @ 0.00655
TP2 @ 0.00725
TP3 @ 0.00780
TP4 @ 0.00850
TP5 @ 0.00980
TP6 @ 0.01045
TP7 @ 0.01170
TP8 @ 0.01360
TP9 @ 0.01610
TP10 @ 0.02090
TP11 @ 0.02575
TP12 @ 0.03840
TP13 @ 0.04865
TP14 @ 0.05890
TP15 Free
Total Profit: 45 pip
Closed trade(s): 0 pip Profit
Open trade(s): 45 pip Profit
Trade Setup:
We opened 15 BUY trade(s) @ 0.00624 based on 'Valley' entry method at 2020.10.12.
Open Profit:
Profit for one trade is 0.00627(current price) - 0.00624(open price) = 3 pip
15 trade(s) still open, therefore total profit for open trade(s) is 3 x 15 = 45 pip
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💎 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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the buy opportunity in DASHBTCMidterm forecast:
While the price is above the support 0.00530, beginning of uptrend is expected.
We make sure when the resistance at 0.00850 breaks.
If the support at 0.00530 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI resistance #2 at 53 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.00600 on 10/10/2020, so more gains to resistance(s) 0.00655, 0.00725, 0.00780 and maximum to Major Resistance (0.00850) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Take Profits:
TP1 @ 0.00655
TP2 @ 0.00725
TP3 @ 0.00780
TP4 @ 0.00850
TP5 @ 0.00980
TP6 @ 0.01045
TP7 @ 0.01170
TP8 @ 0.01360
TP9 @ 0.01610
TP10 @ 0.02090
TP11 @ 0.02575
TP12 @ 0.03840
TP13 @ 0.04865
TP14 @ 0.05890
TP15 Free
Total Profit: 45 pip
Closed trade(s): 0 pip Profit
Open trade(s): 45 pip Profit
Trade Setup:
We opened 15 BUY trade(s) @ 0.00624 based on 'Valley' entry method at 2020.10.12.
Open Profit:
Profit for one trade is 0.00627(current price) - 0.00624(open price) = 3 pip
15 trade(s) still open, therefore total profit for open trade(s) is 3 x 15 = 45 pip
❤️ 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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Dash Starts To Recover (Next target mapped)Here we have mainly early signals... But DASHBTC is looking like it wants to stop printing red.
Prices are now trading above EMA21 and EMA10.
We have a challenge of EMA50.
The RSI is above 50.
Bullish divergence on the MACD and RSI.
The bullish divergence is a strong signal when it shows up on both indicators, the MACD and RSI.
Prices are likely to jump.
Our next target is set at MA200 (the black line on the chart).
Namaste.
DASHBTC, Will it repeat?It will be a good signal for us if we will see a volume increasing ner the Support level.
The price falls almost a full year to this level and can bounce off.
It will be a good trade with low risk and potentially big profit.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!