Hi All,
DASH is one of those coins I go way back when I first bought it at $8 and in 2017 surpassed $1000.
Moving foreword, I see potential with the current chart.
OBSERVATIONS:
> It broke a major downward trend line\resistance line and is consolidating to potentially make another big move up.
> In the smaller picture, I see this level being tested and if it passes, DASH will fly.
> Bad part to all this, if BTC drops, DASH's potential will be pulled back under the macro resistance trend line. So it really depends how BTC goes.
> The lead in trend line was tested for some time and it passed hence opening the door, like BTC 10k level was tested, and after, you know what happened.
Can DASH do the same....don't know, but it has potential.
My THOUGHTS to play this.
============================================================
> conditions apply so one must see, get confirmation before entry.
I'll wait and see (hopefully not miss it) how the price action goes in the next 8 to a few days.
Looking for a bullish buildup with the candle stick combination or micro structure, for entry.
I don't like these types of setups but if I am seeing positives at the right time, I'm in.
The charts below give you the big picture.
Cheers,
S.SARI
WEEKLY CHART
DAILY CHART
DASH is one of those coins I go way back when I first bought it at $8 and in 2017 surpassed $1000.
Moving foreword, I see potential with the current chart.
OBSERVATIONS:
> It broke a major downward trend line\resistance line and is consolidating to potentially make another big move up.
> In the smaller picture, I see this level being tested and if it passes, DASH will fly.
> Bad part to all this, if BTC drops, DASH's potential will be pulled back under the macro resistance trend line. So it really depends how BTC goes.
> The lead in trend line was tested for some time and it passed hence opening the door, like BTC 10k level was tested, and after, you know what happened.
Can DASH do the same....don't know, but it has potential.
My THOUGHTS to play this.
============================================================
> conditions apply so one must see, get confirmation before entry.
I'll wait and see (hopefully not miss it) how the price action goes in the next 8 to a few days.
Looking for a bullish buildup with the candle stick combination or micro structure, for entry.
I don't like these types of setups but if I am seeing positives at the right time, I'm in.
The charts below give you the big picture.
Cheers,
S.SARI
WEEKLY CHART
DAILY CHART
Note
Note
Close up on the 2hrly...looks good.Note
to be honest, I took my funds out of dash and place them in other better looking trades for the time being.Trade closed: stop reached
Note
what a shame, it had potential. Now the worry is about crypto in general, BTC very bearish, even at the support line on the 1 hrly.
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.