DASHUSD - Going to live with the SpongeBob at the bottomLooking at the indicators this might be the trade of the year. It is much safer than shorting conservatively ETH or BTC right now, because DASH resistance levels are already falling down in dynamic while BTC's are flat at 29,5k level.
While DXY having a brief moment of weakness Composite Man has time to pump crypto so moon boys will believe they will make quick lambo money. But very soon they will be disappointed to see BTC at 20k level. Actually this is not even a pump, from what I see I can tell that CM just didn't finish to sell his BTC position he took at 16k level. So a quick distribution in a larger scale accumulation is in play.
My bet is that we will see $38 and $34 levels pretty soon.
DSHUSD trade ideas
A coin with up to 800% growth potential 💎Dash is an open source peer-to-peer payment system with the unit of account of the same name. The coin was launched in 2014 and is a fork of Bitcoin.
Dash emphasizes user privacy and faster transaction speeds than Bitcoin.
The algorithm for mining the coin occurs due to mining, like in Bitcoin, but with support for staking.
In past bullish cycles, the coin performed well: + 8374% in 2017, and + 332% in 2021.
The coin has already fallen -96% from its peak, so the downside potential is very limited.
Due to the fact that the coin is anonymous, many exchanges have delisted due to local laws.
This item can be attributed to the minuses of the coin, but in fact it is a huge plus.
📈 Technical Analysis
Just look at this chart for the five-year history of trading on the coin!
In all bear markets, the coin comes to the main support zone of HKEX:30 -50 per coin.
Globally, we have a massive descending triangle that lacks the last wave of growth to the upper border of the pattern.
Also, the price has successfully exited the downward channel upwards and now the accumulation stage is taking place.
So now we have 2 scenarios:
1. Growth from the current ones after completion of the accumulation stage up to HKEX:200 and then flight down.
2. Growth from the current ones after the completion of the accumulation stage with the breakdown of the figure upwards. In this case, the coin can arrange a real tothemoon 🚀
💠 Outcome:
Now the coin is cheap and is trading near its bottom. However, at current levels, volatility is quite high, so at the moment you can see a drawdown of up to -50%.
But even at current prices, the coin looks very promising.
For medium-term and long-term investment, a coin can be bought at current values, but we recommend buying back a coin during a correction.
📊 Long current price: 49,6$
⭐️ Main position recruitment zone:
30-40$.
💼 Volume per trade up to 1-2% of the crypto portfolio.
📈 Up to 800% growth potential.
DashThe previous downtrend ended in Nov 2022 and after that a new impulse wave started which also broke the downtrend line. Looking at the chart it seems that Dash has made a huge triangle pattern; this means if Dash breaks this triangle, a huge upward move can be expected. Let's see if Dash can reach the upper line of this triangle pattern.
#DASHUSD - Big Drop are Coming Over the Next Few WeeksAfter a rejection off a historically strong trend line, getting a strong Sell signal from CTv2 and dropping below a previous level of support, we're thinking #DASH is about to drop!
The next area of support would indicate and price decline of around 15-35%, that's rather huge!
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theCrypster
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DSHUSD Potential For Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 64.03, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 58.33, where the previous overlap support is. Take profit will be at 85.30 where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential For Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 64.03, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 58.33, where the previous overlap support is. Take profit will be at 85.30 where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
DSHUSD Potential for Bullish Rise | 14th February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for an immediate entry at 62.91, to ride the bullish momentum. Price is also respecting the intermediary support level at 61.99. Stop loss will be at 60.38, where the recent low is. Take profit will be at 68.17, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58. 01 , where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DSHUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for DSHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58.01, where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.