Thinking this is a bull trapThe retracement is to be accumulated if you believe in this project. I am not yet assured that the bottom is in . One wave seems to be missing. Glad to be proven wrong.
DASHCUSD trade ideas
DashThe previous downtrend ended in Nov 2022 and after that a new impulse wave started which also broke the downtrend line. Looking at the chart it seems that Dash has made a huge triangle pattern; this means if Dash breaks this triangle, a huge upward move can be expected. Let's see if Dash can reach the upper line of this triangle pattern.
#DASHUSD - Big Drop are Coming Over the Next Few WeeksAfter a rejection off a historically strong trend line, getting a strong Sell signal from CTv2 and dropping below a previous level of support, we're thinking #DASH is about to drop!
The next area of support would indicate and price decline of around 15-35%, that's rather huge!
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DSHUSD Potential For Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 64.03, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 58.33, where the previous overlap support is. Take profit will be at 85.30 where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential For Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 64.03, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 58.33, where the previous overlap support is. Take profit will be at 85.30 where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
DSHUSD Potential for Bullish Rise | 14th February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for an immediate entry at 62.91, to ride the bullish momentum. Price is also respecting the intermediary support level at 61.99. Stop loss will be at 60.38, where the recent low is. Take profit will be at 68.17, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58. 01 , where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58.01, where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DASHUSD - Predict a 14% Fall From Distribution ZoneThere's a very long descending line of resistance going all the way back to early 2021 - this has been tested a few times historically and the price has failed to push through on every occasion.
Once again this level has been tested in the past few days and again it seems to have rebounded to the downside; we do however have a nice level of consolidation to help us predict how fast and how far the price may drop.
We're setting our target at the level shown, a nice 14% below the Short entry as illustrated to the bottom of the given channel.
