DASHPERP trade ideas
Buy limit @$180.00 Target@ $440.00 date Jan 2,2022 Dash Token
Buy limit @$180.00 Target@ $440.00 date Jan 2,2022
Buy limit @$175.00 Target@ $440.00 date Jan 2,2022
Individuals · Businesses · Get paid, shop, pay bills. ·
Get the app · Get Dash · Get Going! · DashPay Wallet ·
Real world vendors accept Dash currency.
Project Website: www.dash.org
Coinmarket cap: coinmarketcap.com
The live Dash price today is $237.10 USD with a 24-hour trading volume of
$1,153,793,042 USD. Dash is down 1.70% in the last 24 hours. The current
CoinMarketCap ranking is #42, with a live market cap of $2,375,494,591 USD.
It has a circulating supply of 10,018,842 DASH coins and a max.
Supply of 18,900,000 DASH coins.
Quickpost: Dash to more than double before next major pullbackGreetings, a lot is shown on the main chart and there will be one more chart in the post.
Analysis
Nested structures are performing
Falling wedge target is Hight of the wedge
Triangle target is just shy (measured moved not shown for simplicity sake)
Flagpole Target will get us most of the way to full target at the orange trendline
9 Season Rainbow explained on the chart. Deeper explanation found here
Wider Shot (monthly)
MACD EMAs about to cross bullishly
My training and experience leads me to see a rejection/consolidation at the orange trendline
Likewise, expect the orange trendline to be broken and then tested as support
Closing remarks
Money is:
Store of value
Divisible
Fungible
Unit of Account
Bitcoin seeks to be money with an emphasis on store of value. Other coins want to be money but don't empahsize the store of value, they focus on the the fungible/divisible aspect. These are the currency coins and when BTC slows down they will take off as a replacement currency for failing fiat. Just as the normal pattern is for Gold to move first and then silver to over-perform, BTC moves first and then the currency coins like Dash move later.
DASH ready to continue dashing up?! 🚀 Aright guys, we have a clear cut and simple trade here. The most important structure that was broken is the ascending trendline at the 200 area. Price broke through and above and is now at the retest of previous resistance turned support and the 78.6% level. Price is also forming a double bottom or a “W” also indicating a bullish reversal
Dash has given us a beautiful opportunity for reentry (previously bought below $100).
HODL 🚀
*TIP: Dash and ZCASH have an excellent positive correlation
TECHNICAL INDICATORS GIVES POSITIVE SIGNAL FOR DASHOn coming to the shorter time frame of 4 hours, the coin has formed a trapezium. If the price breaks above 5% of the current position, it can see a rally of 20% in upcoming trading sessions. The DASH price can also see a new low if it comes below the trapezium.
Kindly comment your thoughts below
Possible targets if dash breaks the triangle down This chart has been created for education & entertainment and this is not a trading advice.
DASHUSD Bearish ForecastPrice responded from the 4H High 226.8249 after it rejected the resistance line 237.3879
The McGinley is bearish on this pair and it's touching currently a LH. Some patience will be required because according to the RSIC indicator we have a bullish pressure there.
Nice Indi -recommended :)
A bearish set-up for the target 180.5453 and the bias 160.6371
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
DASH is changing the channel higherDASH looks to be breaking out of a nice wedge (orange lines).
However, what I find even more interesting is DASH also looks like it has an interesting uptrend over the past few months. When I move this trend line to the bottom, it shows our current trend going on right now (green lines). The more interesting part is we are currently at the bottom of the line while also in the middle of a breakout.
This looks pretty promising right now, although also leaves very little margin for further retracement. Should be interesting if it continues the uptrend in the short term, but at least shows some promise.
I have heard some interesting points made by others to the contrary with regard to DASH as of late as well, so I'm also open to others' opinions if you have them.
Two reasons why DASH is going to pump, in comparison to DOGEDASH generating x20 more hashrate than DOGE while in the same time there are x1.5 more active users on DOGE today
DASH has x30 lower transaction fees than DOGE while in the same time there are x2 more transactions number on DOGE today
DASH possibilitiesI have been so focused on closely to DASH, I decided to zoom out and definitely see a lot of alternatives thanks to some good comments from others. Definitely some possible breakouts here short term. But still some potential ways down.
I think DASH is still at somewhat of a crossroads, but definitely nothing too definitive to act on in my opinion, particularly as BTC looks less definitive short term.
I feel sentiment is too positive in the long term, but in the short term still lots of possibilities for a rejection here or a fake out as well, with quite a bit of potential down in the short term, even against BTC when zooming out.
There have been some useful thoughts in this great community, but either way, I think it should be interesting to see which way things head in a week, whether from newer lows, retests of current lows, or newer short-term highs.
DASH getting "wedgier"Interesting to see DASH has respected this wedge for so long.
Looks like the culmination of this wedge should be coming soon.
The options are up, down, or continue on forward, and likely to follow the trend of BTC, but with the U.S. senate meeting over a stimulus package vote as I write this has me really wonder the influence that might have (particularly as the S&P 500 looked a little happier yesterday). I'm anticipating to see some type of action today or tomorrow one way or another, but I suppose we shall have to wait and see .
Dash looks ready to moveDash looks like it is about to move out of its wedge very soon. So far near the bottom, so some dangerous territory here particularly as it edges its support, particularly with the S&P 500 going down. Hence I am curious which way this is going to break.
Head & Shoulders - DASHnice, complex h&s confirmed w a backtest of the neckline on the 4hr. like the higher lows. massive class A hidden bullish divergence developing on the daily. as long as btc doesn't crash...
DASH looks interestingAbout to hit the top side of a pretty big wedge on DASH. Let's see if it will break out or if it will stay in the wedge.
Potential price action DASH.If DASH breaks to the upside of the Falling Wedge, we may expect the price to follow this route.
Green= Support
Red= Resistance
Disclaimer: this is not trading advice, trade at your own risk.
