DSH
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.
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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.
DASH-6h. Breakdown $119 and test $138.DASH's consolidation is coming to an end. The wide consolidation range of $87-119, in which the DASH price is traded from November 24, begins to narrow.
The buyers' attack began on December 24. The previous local growth wave is now being corrected. Sellers are testing the $95-97 range on small volumes. this range constantly slowed down the price, but did not reverse it.
The fact that sellers can not break this range down indicates the possible completion of consolidation and a breakdown of $119 . However, this is a short-term idea and for a start we expect a test of the upper limit of consolidation.
The alternative scenario will take effect if the price remains below $95 . Then Sellers will continue to press on the price with the purpose of $87.
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DSHUSD: Possible Long (30.09.2020)On the 4 hours chart, the price found support at 65, where a divergence formed between the price and the RSI, indicating a temporary cessation of the downward movement. In addition, the price has broken the trend line.
An upward impulse is forming on H1, which heralds a possible continuation of the price growth, while the price found support at 67.
We recommend buying now, as well as when the RSI reaches the oversold level.
Dash Coin: Analysis using Ichimoku 23/06/2020H4
At D1, the Ichimoku cloud is directing downward, indicating a downtrend. On H4, the cloud is directing upward, indicating the formation of a correction for D1.
Conclusion:
We recommend selling when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4.
Conclusion:
We recommend buying because the price went beyond the downtrend at H4, while the RSI on the H1 has reached the level of oversold.
We also recommend selling when the RSI reaches the overbought level on the H1 and H4.
Locally, we recommend buying from the Ichimoku cloud. As a result, the RSI may form a divergence, which will be confirmation for lower of the price on H4.
Good luck!
DASHYou probably recognize that DASH is the coin that the alts pump parade began several times. Like in January it happened again. Now we've formed an interesting large falling wedge with clearly expressed support near which we're and from which as we see on the Bitfinex exchange, capital came in. This's a positional trade with minimal risk with small volume fixation. I think it'll be near the resistance line of this wedge.
Sincerely, Mr. EXCAVO
DSHUSD: Buy OpportunityThere is a trading idea that is based on the price reversal from the 100.00 support zone. RSI confirmed the price reversal as well as MACD histogram. If the price breaks the local downtrend line, it will give us a new bullish signal and a buy opportunity.
Entry Price: above 105.45
Stop Level: below 89.05
Profit Level: at 138.40
Risk per trade must be no more than 5% of your capital. If the price drops below SMA100, the next buy opportunity will be from SMA200 and 60.00 support zone.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DSHUSD: The Correction and Key Support Zones for BuyingThe daily chart gives us opportunities to think about buying based on reversal signals from the important support zones.
The price reached 140.00 resistance and bounced. We got three bearish candles, which confirmed the correction. RSI is not far from the overbought zone, and it tells us that we have room for the downward movement. MACD histogram supports the price reversal and sellers.
The market can continue the downward movement, but for this, it has to break the 1st support at 100.00 round number level. The price action in this zone will be able to provide us a possible buy opportunity based on a reversal signal. Stop orders must be placed below the local swing low.
But if we talk about better entry zones for long positions, I would like to talk about reversals from 80.00 and SMA200 as well as 60.00 and SMA100. For this, the price will have to drop below 100.00 support.
The market made a good upward movement. We can talk about the bullish market, which tries to develop a new uptrend. It should be added to a watchlist.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DSHUSD: Time to Fix ProfitThe price made a huge upward movement just within 2 days. If you bought the coin using the breakout signals above the downtrend line and SMA100, you are in a good profit now. You should have a plan how to manage your trades. If yes, you must follow it.
For those, you have profitable trades without any ideas about how to manage them, and for those who missed buy opportunities, this post can be interesting.
The price reached the resistance zone at 140.00 level. You can look at the past performance at this level, and you will see that the price can bounce from it. If so, the profitable long trades must be managed at this zone. There are two possible variants:
fix the whole profit
fix the part of profit and leave the rest of trade volume in the long run.
Which variant to pick, it will depend on your trading style.
If you missed buy signals in the right zone, opening long positions now will be a huge mistake. The market is overbought, and it is in the resistance zone. RSI is going to confirm the price reversal. We should be ready to see a correction movement and buy after that following reversal signals. These reversal signals will come when the price bounces from SMA200 for example, or the round number level like 100.00. Just following this plan, it will be possible to join the uptrend after a correction and catch a new impulse wave in the right place and time.
So, this is my plan for Dashcoin, and what about yours? Share your ideas in comments!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.