DSHBTC trade ideas
Dash fails to move above multiple resistance levelsIn the recent days, Dash failed to move above the multiple resistance levels, namely: horizontal resistance line near 0.4220, 100 DMA around 0.4660 as well as trend line resistance (previous support) that currently comes at 0.4800. The confluence of resistance levels keeps the price intact below the key trading block in the 0.42-0.48 range. Furthermore, a falling trend line is currently in the low 0.40s and creates additional headache for bulls.
Downside levels to be watched are 0.3660 - horizontal support, additional layer (previous low) around 0.3400 as well as recent multi-month low around 0.2245. As ti stands now, the price will continue to push lower as bulls fail to push the price higher. If you entertain the idea to go long Dash than our advise will be to start building your long position within the trading block connecting two support lines 0.34-0.36 with stops below.
1980% gain in the midterm future?If we decline to the point IV and rally up we are going to see massive adaptation of DASH, with incredible gains.
Please refer to images below for clarity, as the interactive post is off.
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Ajion
Dash looking poised for a breakout of longterm downtrend. *LONG*After a good half year of continuous decline, Dash is starting to show indications that an impending bullish reversal may be in the cards.
- bull divergence on the 1 day
- double bounce off long term trendline
- ttm squeeze showing possible incoming market reversal
It's nearly do or die time for Dash, as a break below that support line and virtually no support lies beneath.
Be mindful if margining Dash long, as Dash is has shown itself to be susceptible to flash crashes recently that wipe out open positions in the course of a few minutes. Extremely volatile.
Buy orders should be placed at a clean break of the descending resistance line.
An even stronger and safer entry would be at a clean break of the 100ema (indicated with the blue line)
Early entries should place their stop loss at the indicated dotted red line.
Be mindful of bitcoin and it's price movement, as it tends to trickle down to the rest of the market.
Prepare for a bull price bounceAs I do believe in Bitcoin manipulation there is a good chance to get some good buy of DASH BTC
I am making a conservative bull run prediction. If we will go down, we suppose to make next leg down to try bottom, SL is a must, but I prefer leave some space for it.
There is a pretty good chance that we will stay in consolidation and bounce to new bull run.
DASH starting to look interesting - Breakout next week??Colorcharting is becoming really fun especially around those levels. Let's see if we can break the ORANGE Trendline or be rejected to the GREEN zone below.
60% Chance bet put on Cindicator to trade above 0.041530 before June 16 -- Am I on the good side of the bet?
Let's watch and see.
#GBaz -- #TheColorChartist -- #TradingColorfully
Dash/BTC Will The Bears Win? Price Analysis Dash Has Been In A Downwards Descending Triangle Since The Start of The Year & Holders Will Be Getting Nervous As Dash Is Forced To Decide Which Way It Wants To Go.
As We Edge Nearer The End of The Descending Triangle Dash Will Either Break Up or Down, And If Dash Breaks Down It Will Go Below A Longer Support That Has Been In Place Since April 2017.
I Have No Doubt The Price of Bitcoin Will Have A Deciding Factor On Which Way It Goes, For Now Its A Wait & See.
I Would Not Be Surprised If Dash Broke Up Out Of The Triangle & Just Gave us Some Sidewards Action For A While, A Break & Close Below The Support Would Have Me In Full Bear Mode For Dash In The Short Term.
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This Is Not Finacial Advice
DASH/BTC turned to the upsideDASH/BTC rallied and seems determined to approach and reache fresh new highs in the upcoming days. The failure to reach and retest the lower median line of the down channel signaled a rebound on the short term. It should reach at least the 50% lines and the upside line of the down channel. Actually it should be attracted by the confluence area formed by the mentioned resistance lines.
DASH/BTCDash's low in December, when Wall Street took a dump on EVERYONE, was 0.034.
It's currently at 0.04, so beginning to ladder buy here may not be a terrible decision.
That said, I've learned that the traders who control this market are capable of stretching it to insanity on the way up and to despair on the way down.
Markets do not bottom until all stop losses have been triggered and all margins have been called...
Markets do not top until 99% of traders are convinced it will not stop going up... Until everyone who sold at profit FOMOs back in...