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DASHUSDT trade ideas

DASH/USDT is Ready For its Next Bullish Rally | DASH Analysis 💎 DASH is painting an optimistic landscape, particularly with its recent upward break from the descending wedge pattern. 💎 At the moment, DASHUSDT has tested its pivotal support and is charting an upward course. 💎 However, the POC of VRVP is acting as resistance, potentially pushing DASH to revisit its support zone. 💎 If DASH breaches its demand zone, a continued descent might be on the horizon which has minor chances. We are hopeful that DASH will continue its bullish rally. 💎 In the dynamic world of crypto, vigilance and staying updated are crucial. Keep a close watch and stay informed.
Long
by MyCryptoParadise_Nathan
Brief Analysis ——DASHLTC is expected to be halved on Aug.2. The block reward will change from 12.5 LTC to 6.25 LTC. The halving of token does not necessarily bring the rising, but for tokens, the halving is a deflation way for tokens. This model makes sense. It is different from the inflation way for traditional currencies. Today we bring a brief analysis of LTC, DASH and BCH. It should be noted that the halving of LTC and BCH is coming soon and the halving of DASH has already happened. Since March, DASH has entered a bearish channel. At the beginning of June, DASH was defined as a security by the SEC and the price dumped to a new low during two years. Then the price has rebounded, but is weaker than most tokens in the market. The long time rise only covered the single-day fall on Jun.10. The price stopped rising in early July and maintained bearish on a large scale. The volatility of DASH has decreased recently. The strength of the bulls has increased, but it is still weaker than the bears. After the long green candle appeared on Jul.13, the bears quickly strengthened. The consecutive days of falling did not cover the long green candle and broke the low. Although the bulls gained strength again last week, it did not cover the loss (red arrow). Conclusion: Mostly fluctuation. The probability of falling is greater than that of rising. The bulls has strengthened. So we think there is a high probability of fluctuation. But DASH maintains bearish on a large scale, so we reserve the possibility of falling. We set resistance level at 38.5 and support level at 28. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
Bullish Opportunity in Dash Coin - Elliott Wave Analysis Points Introduction: Greetings traders! Today, I present a compelling analysis on Dash Coin (DASH) that indicates a promising long opportunity. Utilizing the Elliott Wave theory and Fibonacci retracement levels, we've identified strong signals suggesting potential bullish momentum ahead. Let's delve into the analysis and explore the reasons behind this exciting setup. Analysis Summary: Elliott Wave Pattern: Based on the Elliott Wave theory, DASH appears to have completed a corrective pattern and now shows signs of a new impulsive wave forming. This indicates a potential uptrend on the horizon. Fibonacci Retracement: The recent price movement of DASH has aligned with key Fibonacci levels, specifically the 0.618 zone. Historically, this level has acted as a significant support, often propelling the price higher after a retracement. Entry Point: For conservative traders, consider entering a long position above the recent swing high, confirming the potential uptrend. Aggressive traders may choose to enter earlier with tight stop-loss orders. Target: The primary target for this long position can be set at the next major resistance level or a 1.618 Fibonacci extension of the recent impulsive wave. Stop-loss: To manage risk effectively, set a stop-loss just below the recent swing low or any other significant support level that aligns with your risk tolerance. Disclaimer: Remember, trading involves inherent risks, and past performance is not indicative of future results. Please conduct your research and consult with a financial advisor before making any trading decisions. Conclusion: Based on the Elliott Wave analysis and Fibonacci retracement levels, Dash Coin (DASH) appears to offer an attractive long opportunity. Always exercise caution and adhere to proper risk management practices when executing trades. Wishing you successful trading ahead!
Long
by MasterSaad