DASHUSD trade ideas
DASH, the sleeping monsterThe only question is ... Do you want to enter now, or you want to buy it at higher prices.
Corrective is done IMO... Alts are pumping, only the matter of time when this will pump too.
Elliott is there. and he says 5/3/5 corrective is over.
2nd thing we need is impulsive structure to confirm the bottom.
Then absolute send for a wave 3.
Targets?
Too soon <3.
DASHUSD (Daily) - Bullish reversalHi Traders
DASHUSD (Daily Timeframe)
Waiting for the upward break of 27.44 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 24.31 would cancel the bullish scenario.
Trade details
Entry: 27.44
Stop loss: 24.31
Take profit 1: 29.36
Take profit 2: 32.47
Score: 5
Strategy: Bullish reversal
DASH long term investmentPrice dropped as low as $26 for 1 Dash coin. The idea is for longer term investment. If you have to invest $1000 you can buy approximately 38 Dash coins and leave investment for certain period of time. An example of ROI is on the chart. Of course, there is always a risk that the price drop below $0 in which case you will lose all of your investment.
DASHUSD Still bearish unless the Channel Down breaks.Dash (DASHUSD) is testing today the 1D MA50 (blue trend-line) for the 4th time in the last 30 days. All resulted into rejections, and each failure cements the bearish trend inside the 6 month Channel Down. As long as this holds, we are bearish, targeting 27.500 (just above the June low).
If the price breaks above the top (Lower Highs trend-line) of the Channel Down however, it will be the strongest buy signal of the year, and we will buy, aiming at the 0.5 Fibonacci and a potential contact with the 1D MA200 (orange trend-line) at 45.000.
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$55 Rally. $16 Backtest by April 2024.DASH seems to breakout of the trend, rallies, and backtest.
Looking at a potential rally to the 0.702FIB ($56) and a backtest to $16.
In 2015, the C leg Back tested the 2014 ATH.
Will 2023/2024 C Leg Backtest the 14 ATH at $16?
IMO, there is a crash before the BTC halvening,, and speculating another DIP/Backtest before the April 2024 Havlening.
Short: $55
Rebuy: $16
Macro Zig Zag Correction#1. Altcoin (TOTAL2) bottom is in based on macro elliot wave theory.
#2. Macro Zig Zag Correction.
DASH typically V Bottoms, and lets see if it rockets out from the pits.
- Sub $27 unlikely.
- $33 is a steal.
#3. DASH has flexed ABOVE 2.618FIB and retest the 1.618FIB, lets see if it happens again.
#4. $832,000 DASH sounds absurd, but at least it wasnt $1M!
......