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DASHUSDT trade ideas

#DASH Recovers after Dropping 11%, Support Lies at $55Past Performance of DASH Like the rest of the markets, DASH prices are recovering, pushing higher at spot rates. This follows a cool-off from March highs that saw the coin drop 11%. Presently, the immediate support line lies at around $55. Since yesterday's bar is wide-ranging and bullish, traders may look to accumulate on every attempt. However, more opportunities could be above BMV:60 , opening the door for continuation above HKEX:65 in the days ahead. #DASH Price Analysis The retracement from HKEX:65 was with light volumes after a sharp leg up from mid-March. With DASH finding support at HKEX:55 and rebounding higher in a three-bar formation, traders can look for opportunities. Since yesterday's bar has high volumes, there are hints that price action is aligning with buyers from mid-March. Accordingly, traders can begin buying on dips, in line with buyers of March 12 and 13, with targets at the climactic bar of March 23. Any unexpected retracement below HKEX:55 cancels this preview, even forcing DASH toward $50. What to Expect from #DASH? DASH prices may be in the early stage of recovery after a cool-off from March peaks. Even though prices may push higher, it is ideal that the push is with expanding volumes to support optimistic buyers. A close above BMV:60 may be ideal, founding the base for HKEX:65 in short to medium term. Resistance level to watch out for: BMV:60 Support level to watch out for: HKEX:55 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
DASHUSDT is testing the key levelDASHUSDT experienced a false breakout above the 4-hour resistance at the $64 level. This level coincided with the static 4-hour resistance at the 0.618 Fibonacci resistance, indicating a strong level of resistance. However, the price was not able to sustain the momentum and has since retreated, testing the support level once again. If the price fails to hold above the support level, there could be an opportunity for traders to set a short order, according to Plancton's strategy. This would be based on the assumption that the price may continue to move lower, potentially breaking through additional support levels. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
#DASH Uptrend Valid Despite 30% Correction from February HighPast Performance of DASH Following steep losses on March 15, DASH remains under pressure. The short-term trend is bearish, and prices are inside a bull flag. For this to change, prices must break above the descending channel, piercing above $60 with increasing participation. #DASH Technical Analysis DASH is within a bear formation at spot rates. As it is, resistance remains at $60 while support lies at $45. Though the March 15 bar is engulfing and bearish, it is with light volumes. At the same time, the primary trend is bullish, defined by gains from November to February 2023. To illustrate, DASH support at $45 marks the 78.6% Fibonacci retracement level. For buyers to swing back to contention, there must be comprehensive gains above $60. Therefore, conservative traders can wait, aware that gains above $60 may lift DASH towards $75 in the near term. What to Expect from #DASH? DASH is technically bullish from a top-down preview despite the 30% drop to spot levels. This preview holds provided prices are above $45 and every correction from February highs is with decreasing volumes. Resistance level to watch out for: $60 Support level to watch out for: $45 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer