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.
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DASHUSD trade ideas
DASHUSD - Predict a 14% Fall From Distribution ZoneThere's a very long descending line of resistance going all the way back to early 2021 - this has been tested a few times historically and the price has failed to push through on every occasion.
Once again this level has been tested in the past few days and again it seems to have rebounded to the downside; we do however have a nice level of consolidation to help us predict how fast and how far the price may drop.
We're setting our target at the level shown, a nice 14% below the Short entry as illustrated to the bottom of the given channel.
Dash had bottom waiting to breakoutDash had been bottomed the same zone multiple times and back in few months new low $30 area.
This seems is ready for a massive bullrun I see will hit 3500-5000 dollars .. many of you said will go even beyond than that, it is possible also the creator of dash coin just made another currency called “Dash 2” big news had raised about over $7.5 million and then still on presale raised 10 million. Big chance some company will buy and adopt Dash 2.. could be worth billions.. soon we will see will bullish rally up more than %50 percent
Those volumes for the high for buys don’t lie.
Big saying please buy Dash before 2023 soon will skyrocket before or into 2023. Buy and hold highly suggest even you have Coinbase , buy their as well. Good luck merry Christmas
Dash: Rising Wedge Supply EntranceDash may be inching more and more toward a pullback. This is due to a steady climb of higher highs & lows in a wedge-like structure with supply bars entering at the key juncture of microtrend support. If this support is unable to hold, we may be revisiting the Fibonacci retracements as we make our way back down to mitigate the supply LV at 1.618% and possibly the 2% and beyond. It's worth keeping an eye on because at some point smart money will be taking profit from the recent price hikes Dash exhibited.
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DASHUSD - Descending Broadening Wedge On the Dash chart, a descending broadening wedge has appeared (1h-timeframe).
A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B.
At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop a little bit. After that, it could be possible that the price is going to break out straight away or it might retest. This is the reason why there're two paths drawn on the chart.
See all further details on the chart.
Goodluck!
DASH May Have Found The Strong SupportDASH may have found the strong support, as we see it recovering within an impulsive five-wave cycle from Elliott wave perspective.
DASH with ticker DSHUSD is bouncing strongly and in an impulsive fashion away from the lows and it’s just about to break channel resistance line. It means that ending diagonal within wave 5 of (C) on a daily chart can be completed and bottom already in place, however, keep in mind that first bullish evidence is only above 69 region.
In the 4-hour chart we are tracking now a minimum three-wave (A)/(1)-(B)/(2)-(C)/(3) recovery that can send the price higher within wave (C) or maybe even wave (3), but ideally after a pullback in wave (B)/(2) which may show up as soon as it completes a five-wave rally within wave (A)/(1).
Happy trading!
DASHUSD - Short - Retrace possibleOn the chart we can see the price is currently overbought. The three indicators are suggesting the price is in overbought condition and is likely to go down.
This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands, RSI and Stochastic.
See all further details on the chart.
Goodluck!
$6K Per Coin, Then $34k Per CoinUsing the Fibonacci Retracement we should see Dash push to $6k per coin during the next bull run. However, there is an even more bullish scenario for Dash if the 5 wave Elliot Structure holds true in a super cycle. In which case, we could see Dash trading for $34k per coin