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DASHUSD Still bearish unless the Channel Down breaks.Dash (DASHUSD) is testing today the 1D MA50 (blue trend-line) for the 4th time in the last 30 days. All resulted into rejections, and each failure cements the bearish trend inside the 6 month Channel Down. As long as this holds, we are bearish, targeting 27.500 (just above the June low). If the price breaks above the top (Lower Highs trend-line) of the Channel Down however, it will be the strongest buy signal of the year, and we will buy, aiming at the 0.5 Fibonacci and a potential contact with the 1D MA200 (orange trend-line) at 45.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DASHUSD
by TradingShot
7
✴️ DASH Full Recovery Taking PlaceDash is starting to recover and we can see this based on more than 2 weeks of continued bullish action... Before we go into the signals, let's consider how the market behaves as a whole. First, the bigger Altcoins by market capitalization move, nay! First Bitcoin grows and then the bigger Altcoins, we know this to be truth. After the bigger Altcoins move then come the medium sized and then the smaller ones. There are always some new ones, hyped ones, good ones that move at any time and are an exceptions to this rule, but generally this is what we see. This is what is happening now as usual. The bigger Altcoins are moving while the smaller ones are lagging behind. When the bigger Altcoins enter correction mode, money flows from these to the smaller ones. ✔️DASHUSD is trading above EMA10 and EMA10. ✔️The RSI is already above 50 (bullish zone). ✔️The volume is rising and mostly green (this signal can be better appreciated in some other exchanges as well). Today's candle is quite telling, while Bitcoin consolidates Dash and other Altcoins are moving up, this is a strong bullish signal. If Bitcoin was set to drop strong, everything would crash the minute Bitcoin peaks. When Bitcoin is set to continue growing, as soon as it takes a break everything moves ahead. Confirmation on top of confirmation for the bulls and this is nothing special and no surprise. Last year we had a bear market. This year we start a recovery and next year we move to a bull market... It moves in cycles... Up and down, up and down... Namaste.
KRAKEN:DASHUSDLong
by AlanSantana
Is Dash the old gem with a new trend?Dash is an old cryptocurrency that belongs to the gem generation and recently provided a hardfork on June 17. The coin's fall in value is worth nothing, which dropped from $74.4 to $25, representing a significant 66% decrease. Typically, high drops within this range often act as a pause before the next wave of potential coin gains. I have identified certain areas in the price trend that could indicate potential liquidity points. These areas are important to keep an eye on as they may influence future price movement. It would be beneficial to closely monitor the chart and make use of a bot to make fast deals. More than that, look at the top wallets of DASH, they are still accumulating coins. In my view, I advise you to always keep in mind the three essential factors: Implement a stop-loss strategy for your trades to manage risk effectively. Pay attention to the chart structure, taking note of both Higher highs and lower lows. Always keep in mind trends. Stay informed about the news, particularly regarding Bitcoin's behavior, as it can significantly impact the overall market. Please show your support and subscribe to my channel. I have interesting content this Friday, where I will write about the top AI coins to trade with bots.
BINANCE:DASHUSDLong
by Ingwina