DSHBTC trade ideas
dash darkcoin $dash #btctaking a good look at our old friend dash. Its been a while.
Funny how some of the old trendline and horizontals still match up. Why chart polo? Cause it has a history.
Binance on right tho? Yah, I want to see how the vol and vpro looks.
There are some more bullish charts, bunch of them, bnb, ltc, few more popping but things like fet and celr or whatever they are shilling on twitter now, its hard to buy the top end, let alone a breakout trade, on alts. I prefer the type of buy Ive shown here.
You can play with the stop, im not sure about those 2 wicks there and how far youd like it to run down, and some of this does depend on btcusd running the show, though dash had a 7% reward reduction recently, its nothing like the halvening running the ltc pump.
Anyway, as usual comments and feedback always welcome.
If you like to make charts, and trade btcusd and alts, do message me, always like discussing markets and outlooks.
There is a possibility for the beginning of an uptrend in DSHBTCTechnical analysis:
. DASHCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.019200 to 0.016700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.019200)
Ending of entry zone (0.016700)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.021800
TP2= @ 0.023500
TP3= @ 0.026500
TP4= @ 0.028800
TP5= @ 0.033100
TP6= @ 0.043300
TP7= @ 0.059900
TP8= Free
There is a possibility for the beginning of an uptrend in DSHBTCTechnical analysis:
. DASHCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.019200 to 0.016700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.019200)
Ending of entry zone (0.016700)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.021800
TP2= @ 0.023500
TP3= @ 0.026500
TP4= @ 0.028800
TP5= @ 0.033100
TP6= @ 0.043300
TP7= @ 0.059900
TP8= Free