DASHUSD trade ideas
DASH double bottom & inverse H&S breakDASH is looking like it is trying to "collect them all" when it comes to bullish patterns right now from what I am seeing.
After hitting a double bottom in late march (dotted yellow line), it has further formed another inverse head and shoulder pattern and has broken the neckline today (dashed yellow line). Furthermore, this looked to be propelled by hidden bullish divergence on RSI (light blue dashed lines on price and RSI).
Right now Dash looks to be taking a break at the 38.2% Fibonacci retracement level. It should be interesting to see if it closes above the neckline for the daily chart.
I would also love to hear any opinions to the contrary as well as any other confirmations if you have them. If so, please leave a comment!
Dash is super bullish !Dash looks super bullish.
the price target of 645$ is only IF Dash does +250%
like it did last time touching support.
Pitchfork canal i used for possible uptrend S/R levels
in my opinion Dash can do +250% really fast,
but realistically we will have to wait, Dash will go up,
but not so fast, slowly and surely !
The best strategy is patience !
Dash and bright future! Dash shows a bright future during the next weeks! I predict more than 300$ for it.
Dash Made a GRAVESTONE DOJIWelcome in everyone!
Today I am going to be showing a 12hr Chart on DASH. First things first, WOW, was it intense emotionally last night and this morning. DASH moved up a decent amount last night, but being the patient people we are, we figured that DASH would stamp a gravestone doji on the 12hr, and it DID.
We entered into this descending triangle on February 22nd, and we fell under it on March 22nd.
Dash then tried to pump back above it, but got rejected from the bottom of the triangle on the 23rd and 24th.
We came back up to test this area again on March 31st and are still testing this area on April 1st (by the way- this is NOT an April fools post).
As you can see, the March 31st candle CLOSED as a Textbook Gravestone Doji, showing for a trend reversal from the fake-out between $181 and the $240 range.
This is very amazing news to expect that price will eventually retrace to the $136 area, next to the 200 Day Moving Average. This is because, not only did we have a gravestone doji, but it also got rejected from the 50 Day Moving Average AND the bottom of the descending triangle.
One thing I am keeping an eye on, is how our new 12hr candle closes. I expect that, even though at the time of publishing this idea, it is a green bullish looking candle, I expect its body to turn into a wick, similar to the gravestone doji that closed before it.
Hope everyone stays level headed, enjoyed this analysis, and has a great day. Be sure to give a LIKE and SUBSCRIBE if you found this helpful, and as always, be sure to do your own due diligence.
Dash to hit the 250 resistance and temporarily trend lowerLot of resistance at 250 for dash and oscillator and schotastics saying theres no gas in the tank. Look for a bounce off previous price levels and a temporary move downward.
The DESCENDING TRIANGLE that Nobody is Talking AboutHello everybody and welcome to another DASH Analysis!
I kept this chart very clean and simple, so you can easily grasp what is happening with DASH.
DASH entered into a descending triangle on February 22nd, and took the bottom line as support on the 28th.
From there, it hit the top of the descending triangle on March 10th, and since then, had many points where it wicked and consolidated in between the triangle.
This is where it gets exciting:
On March 22nd, we broke the triangle in a downwards fashion AND have just retested the bottom of the triangle as of today and yesterday. As of my writing this, today's candle has the potential to close as a dragonfly doji, while price is ALSO getting rejected from the 50 Day Moving Average.
Assuming that price does get rejected at this level, I expect price to eventually trade down towards $136.
There is a good amount of horizontal support at this level, combined with the 200 Day MA, and the bottom of my trend channel as shown in my other chart analysis' down below in the related section.
I hope you all enjoyed this simple, but yet, very informative chart analysis, leave a LIKE and SUBSCRIBE if you did. Have an awesome day, and as always, be sure to do your own due diligence.
DASH is in a Resistance LineHello everyone, today we will be taking a look at yet another DASH chart to provide an even more clear picture as to what is happening.
In this chart, I am on the 12 hour time-frame, but am using the 50 Day (green), 100 Day (blue), and 200 Day (red) moving averages.
From February 28th through March 12th, price action printed Higher Lows, finding support on the white trend line. On March 14th, price fell below this white trend line, and we confirmed the rejection by taking it as resistance on March 18th.
Price then entered a new trend line, with the grey one acting as resistance on March 13th, and confirming a rejection on this resistance line on March 18th, 19th, and now currently on March 29th.
To go along with this, we have Bearish Divergence on the RSI, with price making a Lower High, and the RSI making a Higher High.
We also have price hitting the 50 Day Moving Average, looking to hold it as resistance.
Because of this and my other DASH Analysis' that I've done, I expect price to drop first towards the 100 Day MA depicted in blue (currently around $166), and then the 200 Day MA depicted in red (currently around $123).
In my other charts, this region near the 200 Day MA is also where the bottom of a strong trend channel lies, so I expect it to ultimately go down near the 200 Day MA region.
As always, I hope you all have enjoyed this analysis, be sure to leave a LIKE and SUBSCRIBE if you found it helpful, and be sure to always use your own due diligence.
Have a great day!
BULLISH MOMENTUMHELLO TRADER'S THIS IS MY BULLISH TREND ANALYSE . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND YOU CAN ENTRY .THIS IS MY OPINION ONLY NO MORE SIGNAL .
DASHUSD: Time to have another ride here?Chari is "Daily". Pullbacks are possible.
I you work in futures you need to set proportionated stop-losses &/or stop-limits.
Important S&Rs have been depicted.
- Daily price has made a double bottom.
- RSI (14) is showing accumulation & getting more strength.
- Also MFI has a positive divergence at the bottom with price chart - money is coming in.
- PSAR is going to be broken up.
- TP1: 245
- TP2: 337
- TP3: 408
- SL: -5 to 10%
Not a financial advice. Drop a like & follow if you find this analysis useful.
Important RSI Trend ChannelIn this analysis, I show 2 major trend channels on the price action chart, and a key trend channel on the RSI.
On the price action chart, I show how price is capable of moving inside of one channel, or inbetween two trend channels.
Ex) From February 25th to March 20th of this year, price moved in between the top of the red channel and the mid-line of the yellow channel.
Every single time that price has been seen moving in between both a yellow trend channel line and a red trend channel line, price made a decisive move in the direction of the trend motion. It did this once in an upward fashion on February 11th-13th, with all of the other times being bearish.
As you can see in the chart, price fell to the red mid-line and made a bounce to the 50 day moving average depicted in green. I expect that price will get rejected here, but if it doesn't, I expect it to get rejected at the yellow mid-line at max. Assuming this happens, price should make its way down towards the bottom of the yellow trend channel, at minimum, the bottom of the red channel. However, I expect it to reach the bottom of the yellow one, as this is also where the 200 day moving average is lying.
To corroborate these findings, we can take a look at the RSI trend channel. The RSI is also at the crucial mid-line, taking it as resistance. I expect that the RSI will get rejected at this level, and make a decisive move towards the bottom of the trend channel.
I only make decisions based off of the chart, but another thing to take into account, is the market sentiment. Looking on tradingview, I see a lot of people who are bullish/long, and not many bears, I think, a little to prematurely, and purely because of the upwards move towards the 50 day moving average- which will likely just be a fake out.
Please leave a LIKE and SUBSCRIBE if you enjoy this idea and perspective, and as always, do your own due diligence.
Have a great night everybody!
DASH/USDT - potential 42% setupHello, Traders!
DASH is consolidating in the $184 - $212 range before moving further.
Entry into the position can be sought between $204 - $212
Stop-loss can be placed under the lower boundary of the consolidation range - the level of $184
The targets are the following price levels:
$240
$260
$290
Good luck and watch out for the marekt!
P.S. This analysis is created for educational purposes only and shall not be considered financial advice
It seems that time repeats itself again (1500 Dollar)? Coming weeks will show us if that is going to happen
DASH attempting to break out of downward trendIt looks like DASH might be trying to break out of its downward trend slightly. Still a bit of time to see if it continues, but at least it is a start in the upward direction.
Obviously there are still a bit of potential negative effects if BTC heads downward, so it should be interesting if DASH will be able to hold a position against a potentially falling BTC, but I think it is something to watch over the next few days to see if it continues.
DASH: Ready to FlyDash looks ready to go. When it leaves the gate, I wanna go with it. What about you? Here's a nice set-up for those interested in taking a position. I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price before you update the load bars. I am not a financial advisor. Join me at your own risk.
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DASH on Daily. Retracements and targets.Blue trend lines, fib retracement and fib targets set on daily. 30 min purple trend lines added. Support and resistance lines set on weekly, daily, 4 hour. I see 3 different potential outcomes. If dips any further, more than likely to find support in the 0.618.
Buy in alert added.
DASH to $134-$176 before LongThis is a 4hr Point and Figure Chart for DASH/USD.
In the same time that the RSI will go the bottom of its trend channel, the Stochastic RSI will bottom in the middle line of the trend channel, with the SMIIO confirming support on the top of its trend channel, as this is the 2nd time it has ever gone above this channel (the first was when it made its massive bull run in 2017).
My area of support can range anywhere from around $134 to $176.
I included $134, as it touched down once, but this was an anomaly. Price may very well end up at around $134, but this is not where I will place my buy order as it is just too much risk versus reward. There is a plentiful amount of support at the $144.95 level, and I think this is a reasonable place to place a buy order, although a little bit above to ensure my buy order gets fulfilled.
This region also happens to be where the top level of the price channel is, and has been for the entire bear market. The rally in February of this year was the first time that price has gone above this INTENSELY strong resistance level since December of 2017. It makes sense that price is correcting and will confirm support on this level.
Something to keep in mind is that the 100 day moving average is at $161 right now, which is still a good area in terms of the overall big picture. The 200 day moving average is currently at $119.
NOTE: The UP arrow in my chart is not signifying a certain price or indicator level it will reach, this was just showing that it will go up after it contacts these support levels.
Feel free to check out my previous analysis of DASH/USDT from March 17th, when everyone was expecting a bullish run-up:
Follow and Hit like for more DASH charts
