DASHUSDT trade ideas
DASH USDT💰 #DASH NASDAQ:DASH
Dash ( NASDAQ:DASH ) is breaking out of a symmetrical triangle pattern, indicating a bullish continuation setup 🚀. With strong support around the Fibonacci 0.786 level, the price is poised for a significant rally.
Enter positions near the $40-$44 range during retracements.
Stop Loss: Below $36 to manage downside risks.
Targets:
🎯 Target 3: $85.46
DASHUSDT: Is a Big Move Brewing? Yello, Paradisers! Are we on the brink of a significant breakout or another leg down for DASH? Let’s dive into the chart and uncover what’s next for this coin. Stay sharp this analysis could save you from making the wrong move at the wrong time.
💎#DASHUSDT is currently approaching a key support level around $30.87, a zone that has consistently acted as a springboard for bullish momentum in the past. This level has been tested previously, showing signs of strength. However, if the support fails to hold, it could spark a cascade of selling pressure, potentially dragging the price down to the next lower demand at $25–$26.
💎Currently, the price is under the influence of a descending trendline, with repeated rejections clearly visible. This pattern has kept the bearish structure intact, making a breakout above this trendline a crucial signal for any shift in momentum.
💎A failure to hold the demand zone at $25–$26 could trigger a sharp move downward, leading to bullish invalidation with bearish targets around $16–$20. This would bring #DASH to an untested historical support level and possibly lead to a liquidation event, clearing out weak hands from the market.
💎The RSI, currently in a neutral range, will be critical to watch. A move above 50 on the RSI could support a bullish breakout, while a drop below 40 would reinforce bearish sentiment.
The market is at a tipping point, and taking action without confirmation at this stage could lead to unnecessary losses. Stay patient, disciplined, and wait for clear signals before taking action.
MyCryptoParadise
iFeel the success🌴
DASH - USDT UPDATE on 4th January 2025... Where's it off to?Technical analysis hints a downturn... but I've got this "hunch" in my "stomach" that it could actually go up... Do you see my dilemma?
Tread carefully and don’t rush...
Sometimes, it’s smarter to look for other chances instead of jumping into a "half-baked" trade...
Take it easy... You've got the whole year to play the trading game! ;)
PS: here’s a printer-friendly "KISS" chart... and just so you know... leverage *10 on Binance is the way to go... ;)
DASH/USDT - (25-12-2024) G-Money's short version analysis basedDASH/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only
DASH/USDT still kinda on the "move" waiting for a signal to TP. Trade was open with 10X leverage & should bring *2 account size...Who did enter this trade congratulations! Who missed it... See you all next time! ;)
What do you think?
Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;)
I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money...
;)
Trade safe & don't do "gambling". In the end it never pays, not worth it to risk loose all your $...
PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it.
Merry Christmas to ALL !
DASH/USDTKey Level Zone : 39.90-40.47
HMT v2.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
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HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
DASH looking very strong, could get to $70-$80 region soon (40%)Dash is showing strong momentum towards highs from 2023 , between $70 to $80 region soon, its above the vwap from the 2021 highs with some confluences like fibonacci levels, monthly level, strong resistance and higher timeframes suggesting a continution.
DASH is heading for $72A logical target price, if your Elliott wave and Fibonacci projections play out, would be in the vicinity of the key Fibonacci retracement levels—particularly around the 61.8% ($65 area) or as high as the 78.6% ($72 area) retracement of the prior decline. If the bullish Elliott wave structure is confirmed and momentum is strong, an eventual retest of the swing high near $80 could be possible. However, these should be treated as potential targets, not guarantees.
More Detailed Reasoning:
Identifying Wave Targets with Fibonacci:
Elliott wave practitioners often use Fibonacci extensions and retracements to project potential price targets for each wave. Assuming your scenario of a new 5-wave impulse forming off the recent low is correct, the two key levels to watch would be:
61.8% Retracement (~$65): This is a common target for a robust Wave (3) or as an initial resistance level if price is reclaiming ground lost in the correction.
78.6% Retracement (~$72): This level often comes into play if the trend is especially strong. If Wave (3) surpasses the 61.8% level decisively and doesn’t encounter heavy selling, the 78.6% is the next logical checkpoint.
Wave-by-Wave Considerations:
Wave (3) Target: Typically, Wave (3) is the most dynamic and might push price to or beyond the 61.8% retracement. If momentum and volume confirm the bullish move, $65 could be an initial target. Surpassing that, $72 becomes the next serious test.
Wave (5) Potential: If the structure unfolds in textbook fashion and there’s enough bullish sentiment, Wave (5) could aim to retest the previous swing high near $80, or even exceed it. This final push often comes with weaker RSI momentum and possible divergence, signaling caution.
Market Confirmation:
It’s important to note that these are projected targets based on an Elliott wave scenario and assume the market follows a recognizable pattern. Before making trading decisions, look for confirming evidence:
Momentum (RSI): RSI should trend upwards as the price moves into Wave (3). Weak RSI as price approaches $65 or $72 would be a warning sign.
Volume Patterns: Increasing volume on moves higher supports the bullish scenario. If volume declines as price approaches key fib levels, you might encounter resistance or a failing rally.
Risk Management:
Always remember that no Elliott wave or Fibonacci level guarantees a certain price outcome. Unexpected market developments, news events, or changes in sentiment can derail even the clearest pattern. Plan your trades with stop-loss orders, monitor market conditions closely, and be ready to adjust your targets as real-time data evolves.
Conclusion:
Based on the given Elliott wave and Fibonacci framework, a reasonable bullish target would first be the 61.8% retracement ($65), followed by the 78.6% ($72) if momentum remains strong. A more optimistic scenario might see price retest the previous highs near $80. Use these levels as guides rather than absolutes, and monitor volume and RSI for confirmation as the trend unfolds.
The $DASH /USDT pair is currently trading at $43.34, The NASDAQ:DASH /USDT pair is currently trading at $43.34,
The $40.42 level represents a key support zone aligned with the 0.618 Fibonacci retracement level. This area is significant, as it may act as a launching point for a potential recovery. If the price holds above this support, there is a strong chance of upward momentum targeting the $87 level, as indicated on the chart. This represents a substantial upside potential.
$40 is the critical level to watch for entering a long position, while $87 remains the primary target for a bullish recovery.
Bought from the Green BoxThe green box on the chart represents a significant buyer zone, and I executed a long position after observing price action within this area. This analysis will break down why the green box was identified as a demand zone and my expectations for DASHUSDT's movement.
1. The Significance of the Green Box
The green box marks a strong demand area where buyers have previously stepped in, making it a high-probability zone for a bounce.
Key Support Zone: This area aligns with historical support levels and technical confluences, reinforcing its strength.
Market Structure: Price has maintained higher lows above this zone, signaling a bullish continuation pattern.
Volume Confirmation: Increased buying volume near the green box suggests active demand.
2. Why I Bought Here
The decision to buy was based on the following confirmations:
Price Action Signals: A bullish reversal pattern formed within the green box, confirming buyer interest.
Fibonacci Retracement: This zone aligns with the 0.618–0.786 retracement of the previous upward swing, a classic area for reversals.
Oversold Conditions: Momentum indicators like RSI showed oversold conditions, adding confidence to the buy decision.
3. Current Expectations
Based on the price action and market structure, I anticipate the following scenarios:
Primary Target: The first target is set at the nearest resistance level, which aligns with previous highs around $XX.XX.
Secondary Target: If momentum continues, the second target is the $XX.XX level, corresponding to a Fibonacci extension level.
Stop-Loss Placement: My stop-loss is set just below the green box to minimize risk in case of invalidation.
4. Strategy and Risk Management
Risk management is a crucial part of any trade, and here’s how I’m handling it:
Risk-to-Reward Ratio: The trade offers a 1:3 risk-to-reward ratio, balancing potential gains against downside risk.
Monitoring Key Levels: I’ll be closely watching for volume spikes and resistance breakouts to validate the bullish momentum.
Adjusting Stops: As the price moves toward the target, I plan to trail the stop-loss to secure profits.
5. Final Notes
The green box represents a well-defined buyer zone backed by multiple technical factors. I’ll remain patient and let the trade develop while managing risk effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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