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DASHUSD trade ideas

2 scenarios that I like the look of for $DASH.I think the orange horizontal ray at around the $310 level is going to be the decider as to where we go with dash over the next few days. A close below could indicate we drop back towards the ascending trend line and grey box indicated below. Or secondly we close above the $310 level and keep riding, then use this level as support for the next move up. ----- I’m a 23 year old trader with 5 years experience in trading cryptocurrency & forex. My ideas are for educational purposes only. Each & every idea/trade I post is a setup based on a position I myself will take - so I’m always in it with my followers. I post daily updates on how I believe the market will move. If you like my content please like, comment & follow. I love to hear what you guys think, whether your outlook is the same or different to mine its always great to converse in the comments. Let’s surround ourselves with likeminded traders & investors! Have a great day, be patient & profitable!
KRAKEN:DASHUSD
by benjamintrades
4
DASH broke ABOVE its Falling WedgeHello everyone! I'm super excited to share with you this chart. After DASH broke out of its previous Symmetrical Triangle (in purple) to the upside, we said that there would be a TP around $292, and since then, DASH has really been consolidating around this level. Because of this consolidation, DASH has formed a falling wedge depicted in white, making a series of lower highs and lower lows. Falling Wedges are typically Bullish Patterns, and on the 1 hour chart, we were able to achieve a candle stick close above the wedge, with our current candle stick looking to confirm it as support. DASH entered into this wedge at around $280, with a max price ceiling of $299, making for a rough estimate of a $19 price Height. DASH was able to break towards the upside of the wedge at around $285, and with a $19 wedge height, we have a price target of around $304. Another awesome thing to look at in this chart, is how the bottom support line of the symmetrical triangle actually served as this falling wedge's key support line, on its last move before heading to the upside. Here is another chart I'd like to share: Assuming that the break above the wedge is not a false break out, this wedge should be capable of moving price towards the $304 area. This would greatly help in creating a higher support range, that could then push DASH towards this next trend channel, putting price around the $325-$335 area. As always, we want to ensure we stay level headed and see both sides of the coin. If this were to be a false break above the wedge, and it were to break below the wedge and use it as resistance, we would then subtract $19 from the break below the wedge. However, falling wedges are bullish patterns, and as some people saw in one of my earlier posts on the Symmetrical Triangle, DASH momentarily broke below the triangle after the break above- which ended up being a bear trap, forming a lower wick on higher time frames like the 4hr, 6hr, and above. This could very well happen with this Falling Wedge, but overall, I expect it to keep trucking towards the upside. (Sidenote: BTC's Fall was the result of a RISING Wedge- the complete opposite of this FALLING Wedge in DASH. Just trying to articulate how powerful these patterns can be, especially on higher time frames) I hope you all enjoyed this analysis! If so, be sure to give a LIKE and SUBSCRIBE. I hope you guys have a great rest of your day, and as always, be sure to do your own due diligence.
POLONIEX:DASHUSD
by Vanlife1
DASHUSD: It's time move!This time I have tried Fibs Pitchfan. If it is done correctly, then I expect 460 - 475 USD. - Logarithmic potentials are illustrated. Though 3000 USD seems achievable during 2021, yet more realistic & lower targets can be considered first. - It can be locally shorted but in daily and weekly looks like bullish. - The market seems to be undecided at the moment - much more new money is required to fuel even more growth. - Based on FCAS Dash receives a 844 out of 1000. Let's see. Not a financial advice.
POLONIEX:DASHUSDLong
by Morteza-Emzajerdi
3
Dash Path to ATHHello All, I decided to chart the previous ATH price movement (yellow line) and overlay it on current price movement to see if there is any correlation. Seems to line up fairly well. I started tracking where the ATH move made sense at appx $86. I then tracked and plotted each moves high/low close all the way to the ATH. I decided to find where the current move high price matches ATH move price and align my yellow line from that point. Interestingly the starting point of $86 matched up near perfectly. The current price movement closely matches previous action (yellow line) which make me believe we are in for a ride soon. We are about to experience a bounce off the trend line as you can see in the RSI it has in the past. Orange Fib lines were from previous ATH move start to ATH close. Previous ATH took appx 217 periods to top out and if current price action follows, this will put us at ATH around September. This is just a comparison of previous price and current to tell if there is any correlation. This is not trading advice. Please comment with your opinions.
KRAKEN:DASHUSDLong
by jschnabs
1
Possible Trading Plan for DASHHey Guys! Today I am going to share with you several DASH charts, and what it may potentially do (speculation). In a previous posts of mine, I showed how DASH was trading inside of a Symmetrical Triangle, and was finally able to both break and confirm a bounce above it. Upon looking at how DASH bounced above the Symmetrical Triangle, I expect that it should go up $40 up from the breakout, putting it near $292. Looking at the trend channels in the chart shown in this idea, DASH was able to use the 2nd to bottom line as Support with a nice bounce. Ideally, this makes me think that the next target for DASH is the next trend line, around $320. I'm wondering if DASH may trend up towards this $320 figure, and then use $292 as support, as that is where the Symmetrical Triangle should bring price towards, and from there, break above this $320 range, and move higher towards the upper line which is around $473. Of course this is a more speculative post. To be more conservative, you could easily secure profits around $292, as that is where the triangle should bring price to, and then see what price does from there. Another chart I want to share is this one: In this Monthly chart, we see that $240 has been an integral support and resistance line for DASH. With our Symmetrical Triangle, DASH should go towards the $292 area, and being that there is only several days left until the monthly candle close, I think DASH will be able to close above the $240 number. In the 2017 Bull run, DASH went up and got rejected at the $414 line, came down to $240 as support, and immediately went above $473 from there, to a candle close of $761. This Bull run is very similar. DASH also went up to $414 and got rejected, sharply coming down to around the $240 number. With this, and the above trend channel, it makes sense for DASH to then go to at least the $473 ball park. From that point on, with a close above the trend channel, it would make sense for DASH to again find resistance around this $760 range. Of course, this is a more speculative idea that I have posted, but, in looking at the charts, I think something like this route seems pretty reasonable, and very similar to the 2017 Bull Run. To bring a level headed approach to this idea, DASH could very well move towards the $292 line via the Symmetrical Triangle, and come back down on our current trend channel line. It is always good to know both sides of the coin to be prepared for either case. I hope you all enjoyed this idea, be sure to give this a LIKE and SUBSCRIBE if you did. Have an awesome night, and as always, be sure to do your own due diligence.
POLONIEX:DASHUSD
by Vanlife1
3
DASH Bounced Off of the Symmetrical Triangle to Confirm SupportWhat's up everyone! Today, I am going to be showing two possibilities for DASH. Recently, DASH was able to break above the Symmetrical Triangle, and later that same night, it bounced off of the Top Purple triangle, twice! One thing that I want to illustrate is, you can draw this symmetrical two different ways, each giving different price targets, which is crucial information when planning a sell to confirm profits. In my earlier posts, I used the dotted white line as the top of my triangle, as it embodied ALL of the price action until DASH finally broke above it. Using this as the basis, DASH entered the triangle at $272, with the low of the triangle being $232, making for a $40 Triangle Height. This would also make the TP around $292, as it would have broken out at around $252. Part of me likes the dotted line as the basis for the triangle, but when price broke above it, it did not retrace to the dotted white line, however, it did embody all price action for the entirety of the triangle. Using the purple line as the top of the triangle, Price entered the triangle around $265 with a breakout at $254, and a triangle height of $33. This would make the TP at around $287. The Pros of using the purple line as the top of the triangle is that, when price broke above it, price bounced off of this purple line twice, whereas it didn't bounce off the dotted white line. Another Pro in my eyes is that, being that $287 is the TP- it makes it less risky to take profits, and you'd have a better chance at Confirming you profit from this symmetrical triangle pattern. It would suck to have gotten this triangle pattern spot on, but price went to $287 instead of $292, and you didn't end up taking profit. The Con of using the purple line as the top is that, there were two price bubbles, so not all of the data fit within this triangle perfectly. But price did bounce off of it twice, which I find appealing. Another important thing I want to add is that, looking back on price action, it seems that the $287 line has had more hits, using it as support and resistance more times than the $292 number. The $292 number has still been important, but I've found that price has made bigger moves around $287. I myself, regardless of either outcome, have my TP set at $285, as I can ensure it is under both key levels. If you enjoyed this idea, be sure to give a LIKE and SUBSCRIBE. I hope everyone has an awesome day, and as always, be sure to do your own due diligence.
POLONIEX:DASHUSD
by Vanlife1
4
Coming soon. 500Major: 50,100 and 200 moving averages, red line, green line Minor: yellow line, orange zone THE RED LINE: this line is started from the ATH. broken downtrend line which is now acting as very strong support. THE GREEN LINE: this line is our uptrend line that has been doing its best so far. this line is expected to be a reliable launchpad. THE YELLOW LINE: this line is a nice S&R line that has great acting as a support line. THE ORANGE ZONE: as it's clear, we can see it is acting as a horizontal zone. 50, 100 and 200 days MA: the chart at this time is reacted to the 50 days MA. the 100 days MV showing approximately 45 degrees slope and absolutely upward. The slope of the 200 daily MV is also significant and indicates the continuation of the upward trend. all these aforementioned points made an intersection and energetic zone that has enough potential to shoot the price higher and higher. the first target is the white line and around 500. it's very expected having DASH on the moon till the end of the year. if you are a holder, you can expect DASH to take over its ATH at the very end of the year. the best confirmation is the daily candlestick formation. Goodluck...
KRAKEN:DASHUSDLong
by skydansh
DASH broke ABOVE its Symmetrical TriangleHello everyone! I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart. Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range. As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range. It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region. A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me. If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
POLONIEX:DASHUSD
by Vanlife1
Critical Zone for DASHHello All! I wanted to share a second important analysis with you all today, that will be very critical. As you can see in the chart, the $147 through $231 zone is very important, and often times when DASH has broken through one of these levels, it has gone to the next level. Right now, we are currently above the $231 level using it as support, but as I have displayed in another analysis of mine (down below), DASH is in a Symmetrical Triangle, which often times indicates a trend continuation, in this case, down. If this symmetrical triangle breaks to the downside, it should go down $40, putting it under the $231 support, and in this very crucial zone, which will likely be indicative of a further drop towards this $147 support. As always, we have to make sure to be level headed. If you are bullish, you would want to see DASH close above this symmetrical triangle with confirmation. If however, it closes below the symmetrical triangle, I would expect DASH to eventually parachute its way towards this $147 area. I hope you guys enjoy this analysis! If so, be sure to LIKE and SUBSCRIBE if you did, and as always, be sure to do your own due diligence.
POLONIEX:DASHUSD
by Vanlife1
1
DASH is about to break out of this Symmetrical TriangleHello everyone! I'm super excited to share with you guys this awesome idea. In the chart, you can see that DASH has formed a Symmetrical Triangle. The top line has now had 4 hits, with the bottom line currently having been hit 3 times. The top line also acted as support before it fell through, and was even strong resistance on April 15th, when price was trying, but couldn't get above $360. Typically, a symmetrical triangle is seen as a continuation pattern. DASH fell into this triangle, so it will likely be a bearish breakout, going down another $40. It is still always a good idea to be level headed though and prepared for any situation. If it were to break and confirm above the top line, we could see a $40 movement to the upside. I hope you enjoyed this simple idea and that it provides insight as to what DASH is doing. If you did, be sure to LIKE and SUBSCRIBE. Have an awesome day everyone, and as always, be sure to do your own due diligence.
POLONIEX:DASHUSD
by Vanlife1
2
Dash setting up for more upside Dash has made a solid setup with a potential 13% upside swing trade. A good risk conscious trade might be to buy on a break over 305 with a stop under 288... targeting the 346 area. The downside is nominally significant at 5.4%, however, which should play into sizing (consider being smaller in this trade than a usual setup.) Yet, given the upside of potentially more than 13% a 2.6 R:R justifies taking the trade if you use that variable in your triggers.
COINBASE:DASHUSDLong
by HumbleFutures