Dash
Buying Areas Of 12 Altcoins!Hi,
Thank you all for being active to comment on your favorite two altcoins. Hopefully, you find something helpful from the post below, and if you do then do not forget to hit the like button!
Here is technical analysis, breakout- and correction scenarios, of the top 12 mentioned altcoins, enjoy it!
1) LITECOIN (LTC/USD)
Too weak top to make a breakout trade, the best opportunity becomes after the correction to $150-$180 and criteria:
1) Trendline
2) Previous resistance becomes support
3) Daily EMA 50
4) If the current top stays then also Fibonacci levels 38 and 62 are supporting that area
2) CARDANO (ADA/USD)
Quite a strong breakout area, as shown - strong 4-hour candle close above the round number 1.0000.... (without any significant high wick), wait for a retest of it and it should be ready to go to the higher prices.
3) BINANCE COIN (BNB/USD)
Very strong buying area, $130-$160, after it gets a downwards correction. Too high to make a breakout trade so, the safest would be to wait for a correction. Bad luck if it doesn't come but it is the safest and strongest way to buy BNB. Criteria:
1) Previous resistance becomes support
2) The trendline
3) 4H EMA 50 and 100
4) 50% drop from the current peak. This criterion works perfectly IF the corrections become to the shown area ;)
4) RIPPLE (XRP/USD)
Two options, go right away for mid-, long-term perspective or wait for a break and retest of 0.65000 (higher light-blue area), Daily candle close above 0.65 will confirm it, it is also a bit safer to target after the breakout of 0.65. The first target should stay around 1.0000
5) EOS (EOS/USD)
The previously shared retest of 3.500 worked perfectly. Hopefully, we get another breakout and retest after that. Daily candle close above 6.000 and wait for a retest around 5.500.
6) POLKADOT (DOT)
Waiting for a correction to 17 - 21 and criteria:
1) Previously worked resistance become support
2) Daily 50 EMA
3) 50% drop from the current peak
7) DASH (DASH/USD)
Two areas, the higher one is a bit risky and the lower one is quite unlikely BUT I still wait for that lower one if I would like to buy DASH because the area is not retested and 50% drop matching perfectly with the lower shown buying zone.
8) AAVE (AAVE/USD)
It has several breakout opportunities: a 4-hour candle close above 500 and it should be ready to go higher. The second one - 4h candle close above 550 and it should be ready to go higher. So, choose what do you like but the strongest and the safest way is to wait for a correction at a bit lower prices.
$280 - $335 is a very strong support area with a lot of criteria matching each other in one zone:
1) Previously worked resistance becomes support
2) 50% drop from the current peak
3) Channel projection
4) Fibonacci retracement 62%
5) Equal waves from the top AB=CD
6) Daily 50 EMA
9) STELLAR (XLM/USD)
Breakout opportunity:
Again, I want to see lower prices and a perfect area would be around 0.30 - 0.38, criteria:
1) Previously worked resistance becomes support
2) 2x Fibonacci retracement 62%
3) 50% drop from the top
4) Daily 50 EMA
5) The trendline
10) VECHAIN (VET/USD)
Breakout opportunity: strong 4h candle close above 0.06, wait for a retest and it should be ready to climb.
The second opportunity is to wait for a correction to 0.03 - 0.037. Criteria:
1) The trendline
2) Fibo 62%
3) Channel projection
4) Previously worked resistance becomes support
5) 50% drop
11) REEF (REEF/USD)
Breakout opportunity: Wait for a 4h candle close above 0.045
The correction will drive the price to 0.0265 - 0.033 and the criteria are:
1) Previously worked resistance becomes support
2) Channel projection
3) Fibo 62%
4) 50% drop
5) The trendline
12) CHAINLINK (LINK/USD)
Breakout opportunity: wait for a 4H candle close above 35, wait for a retest and it should be ready to go higher.
Did you find anything useful?
Stay healthy,
Vaido
🔥 DASH Going Parabolic: New BNB?DASH has shown some crazy returns in the last couple of days. In my previous two analysis, I argued that price action was picking up and that a strong bullish move was at hand. Please take a look at my previous two DASH analysis for reference:
Currently, DASH has managed to break through R2 of my most recent analysis. Seeing the current price action, this new bullish move could be the start of something more. We've all seen BNB and the ridiculous move it made in the last few weeks, gaining almost 1,000%. DASH could potentially be the new BNB. I'm not seeing a 1,000% anytime soon, but if we continue with the current trend we could easily hit $500 within a few weeks.
Furthermore, investors who have missed the BNB train are most likely looking for another booming large cap coin to pump. DASH would be the ideal candidate. Agree?
On the chart I’ve marked two potential areas of resistance, $350 and $400. Do your own due diligence.
Happy trading!
DAHSUSDT Hit The RoofDASH is dashing out to the sky , a nice move towards the Roof ( As in Chart ).
A familiar terrain to previous moves.
This time a more deliberate hit, a strong attempt to let loose.
I see a soft landing marked as Potential Support ( As in Chart ) to hold in the next Retracement .
I am hoping it retraces to here for my entry.
If the Buyers are weak anyway, Sellers can push down a bit before we dash-on to the break the Roof
A more familiar Previous Resistance below that will likely act as stronger Support if above cannot hold. Crucial Gap marked in chart
I am set to enter at $ 269 - $275 range
FA : DASH can now be staked on Binance to earn rewards . Great news and partnership for the DASH community
Like. Follow for more ideas and share your thoughts.
DASHUSDT next target $400?DASHUSDT (1H CHART) Technical Analysis Update
triangle breakout
DASH /USDT currently trading at $290
Buy-level: $275 - $290
Stop loss: below $250
Target 1: $350
Target 2: $400
Target 3: $450
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern.
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
📚 Learn More 💰 Earn More with us: Ascending Triangle📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern.
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
🔥 DASH Bullish Triangle Break-OutDASH has seen some crazy gains in the last week or so, seeing almost a 100% increase.
In my most recent DASH analysis I foresaw a strong bullish move towards $300. Target 1 was reached within a couple of hours, target 2 is still to be reached. Trade is still going strong!
At this point in time, DASH has produced a beautiful bullish triangle for us to trade. Before entering this trade, please wait for the bar to close above the upper resistance of the triangle.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
DASHUSDT Trendline BreakoutTrendline Breakout 15 min Chart.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
A DASH to 33% profit in 33 hours?DASH has taken off these last few days with huge fluctuations of 30%+. It's currently headed for support level, hopefully followed by another huge rebound, all in the next day or so. What do you think? Will it bounce or drop under support level?
It could drop even faster and farther in the next 6 hours down to $230 or below. And it could rise a good bit further as the first high did. I think setting buy and sell targets at $235 and $315 is pretty safe if it does bounce though. Interested to hear thoughts and comments.