DASH WEEKLY JET IS READY FOR 550+ DASHUSD DASHUSDT DASHBTCDASH WEEKLY JET IS READY FOR 550+ DASHUSD DASHUSDT DASHBTC
DASHUSD trade ideas
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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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📚 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 UPDATEAlthough Dash is showing some resistance at the top of the red zone in the golden ratio, it is still showing signs of an overall bullish phase. Forming LHs and HLs, we find a triangular pattern signaling potential for another impulse blow up. Longing is a strong option right now, but be extra cautious with your safe zones, and definitely wait for a confirmation candle above the triangle pattern b4 acting, as a reversal is still possible.
wherecanibuythedashforcheapest?thereyoucan!Buy those dips for better future :)
*only long ! no shorts now.
and might go straight to the 300+, this idea is just speculative.
DASH in bull flag potential for $300 before launching higherForming a bull flag will re-test previous resistance at $300.
Time for actual currency coins. Elliot & Wykoff on DashIntroduction
I basically see there are 4 kinds of coins
Digital Gold - bitcoin and clones and replacements
Application coins- Ethereum being the largest one and its replacements
Actual currency coins - Dash, bitcoin cash, Monero
memecoins/trashcoins - doge and the like
and we are now at the time where the actual currency coins are going to run.
Analysis and Trade history
The main chart shows a rising wedge which I was expecting to break to the upside, and it did. My margin trade entry was within the wedge based on how tight the price action was and how tight one can get their stops in there. Once I saw at 5 there was some topping behavior and not a continuation so I closed the trade. Drew my 5 count and waited. I would like to be able to just set some limit orders but often my exchange won't open trades on limit orders, they say that THEY have insufficient margin pool to fill the trades and I have to manually enter my trades when they are on target at about 1/5th of the portion I want so they can get filled.
The shaded box was created as the buy box because Elliot wave says the ABC correction completes within wave 4. So far we are still within the ABC correction and I am expecting a running flat correction where we return to about the low of A. The whole Elliot wave pattern will be broken if price goes below the low of 4. From there this becomes wave 1 and 2 of the larger move to the upside. This trade relies on the trend lines of the wedge being extended and each trend line is roughly its own target for where price action could show some bottoming.
This chart shows DASH with a fib channel. I have not spelled out all the steps of the Wykoff due to my times sake but if know the theory you can see it clearly and if you don't I recommend you do a study for your own edification.
and here it is on the log chart with the anchor points circled up. The average true range is getting lift off from a multi year low that we tested over 3 years. We also see that the price action is stalling halve way between the fib channel. This running flat correction on lower time frames is going to look like a flag pole continuation pattern I would expect that we will see some activity at the 0.382 level, either testing it as resistance or blasting through and settling on top of it.
My assessment is that for everyone that feels like they missed out on buying the lows of BTC and ETH and some other coins and they wondering if it is too late to buy in actual currency coins before they start to run is a very good idea. The longer the accumulation the better the run will be (I assess and hope. Nothing can be guaranteed of course). We will still have our 50% corrections and all that so you can still be a bad trader and lose money if you emotional regulation causes you to lose sight of you plan.
For my portfolio I am looking at putting most of my current investments into actual currency coins except some stuff I bough so undervalued against btc and eth that I won't ever want to sell it all (chainlink).
Homework
You guys can take this template and do some target setting on your top coins for volatility. Getting use to finding the 5 count is one of the most important things you can do in trading. Here is the same concepts applied to cardano/adausd. I don't see this one as being a running flat, I see this as your simple ABC correction. As I mentioned higher up, I would love just to be able to set some limit orders and protect my self with stop losses below the low of wave 4 but my exchange, for some reason and for some how, never lets those awesome trades fill.
Note on Linked Ideas
My linked ideas show where I basically did the same analysis on BTC and then re-enforced my call that this was my call when a whole bunch of TVers and youtubers lost their heads. The "battleplanning" post was charting the hypothetical if BTC was going to double top because I like to always have the bearish scenario in my head so I don't hold my way to the bottom. I took my margined risk off and waited to see how things were going to play out. There is a chance still that the ABC correction I see is a double top because running flats can look like double tops and it all hinges on what happens on the C wave. If it goes below point 4 then my bullish pattern is invalid.
Potential price action DASH.If DASH breaks to the upside of the Symmetrical Triangle, we may expect the following price action to play out.
Disclaimer: this is not trading advice, trade at your own risk.
Dash has a history of repeating itselfDash has had great upward movement and will be a great coin in the future. In the hear and now, I am worried there will be a strong retracement. It has a long history of retracing back to its lowest point before its previous peak. If it cannot break the resistance of $291.47 with follow thru. If it falls and breaks the support (previous resistance) of $211.32 it will possibly head down to the $120-$140 range.
Any other thoughts on this analysis would be appreciated. Might be time to take some profits and wait and see. Dash still has great intraday movement, but which way will it go??
Best wishes and happy trading.
DASH has strong potentialConsidering long term accumulation in the green zone, and the fact that it was an underperforming asset in comparison to other ones, it is a good investment. If overall bullish trend remains on the market, we might even see previous high values.
DASH massive potential looking at the HTF, DASH has massive potential still, i'd like to see $280 flipped to support first.
Dash - to the finish!I took the fractal of the 2017 run and tried to line it up as best I can to the current prices. Seems impossible, but that is what happened in 2017, so it's possible! You can make your own fractals by using the bars pattern in tradingview. Also check out my pivx if DASH market cap is to big for you! Remember, if you are new to crypto, you are early right now! Take advantage and hodl!
Dash 2017
1$ up to 1600$
Dash 2021
35$ to 6000$+??
20k DashTo add to my earlier analysis and raise the bar. Dash is probably a month or so behind Ethereum in the market cycle and seems to be mimicking with uncanny accuracy. Ethereum right now shows multiple similarities to bitcoin in early 2017.
This is a slightly absurd call on the surface but if you dig a little deeper into Dash's development cycle, fundamentals and general stealth-ness it's more than possible. Two things needs to happen for it to play out.
1. Bitcoin needs to reach north of 200K
2. Dash needs to reclaim it's market capitalisation position amongst the big caps (top ten). Ultimately a big trend reversal on the Dash/BTC chart.
If these two things can happen then there is a positive expectancy of 20K! Bitcoins market strength is unreal at the moment.
If 2017 is any metric to go buy we will see crypto prices reaching far beyond our imaginations like they did in 2016-2017. No one saw that coming, none of us who were buying in 2016 - early 2017. No one could have ever imagined it would play out as crazy as it did. I'm yoloing into this call and will be averaging my other positions in over the next few weeks. See you at the top, f**king send it.
DASH/USD 4hRecently, I've got a good trade buying DASH at $190 and selling at $268. So here is what I think of the further price trend.
A positive bullish scenario for DASH/USD at 4h TF scale which I expect see in case the overall market dynamics remains around the same level.
I'm not a financial advisor, so this is not an advise for you investment decisions.
What's your take on this?
DASH ASCENDING TRIANGLEHi guys, another DASH idea.
Seems that another ascending triangle is being formed.
DASH still very bullish as all others crypto.
I'm doing this kind of idea for traders using leverages.
250$ is a good entry.
DASHUSD probably correctsDASHUSD probably corrects. There's bearish divergence. Two support lines are drawn on the chart.
DASHUSD 2/15/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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First time to make TA on this coin, seems like it starts moving with good returns somehow if it happens.
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Technical Analysis
WEEKLY
Take a look at the weekly chart. Interesting Details is found.
Whole Chart Picture with EW
Start of Wave 3 of Wave 5
See the Divergence on MACD.
Break above and tested MA 200. Remember MA 200 is a bull or bear indicator in any time frame.
DAILY
Strong Buyer’s Momentum
4HR
Bullish Divergence
1HR
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
