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DSHUSD: Bullish Signals and When to BuyThe price broke the main downtrend line. Now we can see an attempt to move above the resistance zone formed by SMA100 and 60.00 resistance level. This movement can give us another bullish signal. I think the market should be added to a watchlist if you want to build a stable portfolio. I don't want to buy base on the breakout, because the market can move downward. RSI reached the overbought zone, and we should be ready to see a pullback. But if we talk about the long term trading, buying based on the breakout can be the part of the whole long position. If we talk about better buy opportunities, I would like to think about buying after the correction. The price can move back to the downtrend line and the local bottom at 38.00 support level. This zone will be good to open long positions with stop orders below 36.00 and profit targets at the previous important market highs.
BITFINEX:DSHUSDLong
by DLavrov
DSHUSD: The Price Action at The BottomThe market reached the bottom, and the price action in this zone can give us trade opportunities and signals confirming the further direction. We can see that the price bounced from the support zone between 50.00 and 48.20 several times. If the price reaches this zone again, we should be ready to see a reversal. RSI and MACD histogram will have to confirm this signal. If so, it will be possible to buy with stop orders below 48.20 support. The next important thing is Moving Average with 100 period. We also can see how the price bounced from this trend line in the past. If you want to get a trend reversal confirmation and open buy trades following more reliable signals, it will be better to wait for a breakout above MA100. It is possible to combine the breakout and reversal signals and open long positions using different entry points. If the price breaks the bottom, it will confirm the strength of sellers and we will see the further falling to 30.00 and probably 20.00 support levels based on round numbers.
BITFINEX:DSHUSD
by DLavrov
3
DSHUSD: The Market Reached Bottom. Time to Buy!The market formed a local bottom between 50.00 and 48.20 levels. We can see a price reversal from this support, which is confirmed by RSI. MACD lines and histogram confirm the upward movement. DMI is bearish, but ADX line falls. It tells us that sellers are not so strong now, and the market can move upward. We can say that the market is at the bottom, and it is a good buy opportunity for long term trading. It is possible to buy based on the current levels with stop orders below the local swing low. Profit targets should be placed at 80.00 and 100.00 resistance levels. The part of trade volume can be left for higher targets. If you think about buying this coin, don't forget about the proper risk and money management.
BITFINEX:DSHUSDLong
by DLavrov
3
Dashcoin: The Market With Great Buy Opportunity If you like crypto trading. If you want to diversify your risks in crypto trading. If you want to trade in an interesting market - Dashcoin is the right choice for you. We can discuss how strong this coin is based on Fundamental Analysis, and I won't be a fan of this coin, but as for Technical Analysis, the market provides really good opportunities for buying. The price broke the downtrend line, and it gave us a trend reversal signal. Also, the price reached the bottom at 60.00 level. Just remind you that in 2018, this support could stop and reverse the falling market. Probably we can see an iH&S chart pattern that belongs to a reversal group of patterns. If the price moves upward and breaks the local swing highs, the market will confirm the upward movement and strength of buyers. The estimated entry should be above 78.00 with stop orders at 58.00 - it is below the local swing low. The profit targets should be placed at 100.00 and 140.00 resistance levels. As Dashcoin is correlated with Bitcoin, we should take into consideration the movements from that market. If BTC moves upward, it will be another bullish signal for Dashcoin. But if BTC falls to its bottom, we should be ready to see the following in this market too. That's why it is very important to use proper risk and money management strategies. I think investing 5-10% of the capital in this market can be a good idea. But if you are not sure about fundamental reasons which can push the market upward, of course, it will be better to skip this opportunity and search for other markets.
BITFINEX:DSHUSDLong
by DLavrov
7
EW Analysis: BTCUSD And Friends In The Corrective PhaseHello traders! Welcome to the Crypto Quick Overview chart with major cryptocurrencies of BTCUSD, ETHUSD, LTCUSD, DSHUSD , XRPUSD and BCHUSD in which we will show you how the cryptocurrencies look from Elliott Wave perspective. In the Crypto market it's important to respect correlations, because they are most of the time moving together in positive correlation. Of course, there are no tick by tick correlations, but when analyzing it's very recommended to respect them! Well, what we currently see is a corrective development within downtrend in all major cryptocurrencies, which means that Cryptos can see more weakness in the upcoming sessions, so they can be easily headed back new lows after these slow price actions and choppy + overlapped wave structures! What we want to say is that don't fall in love with bulls just yet, because we see room for another, maybe the final wave down in the higher time frame charts and once/if they hit new lows, this is when we will expect a bullish reversal, but as always we need confirmations, which we currently don't have them yet! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
1
Which scenario is true for DASHHello, Traders! Monfex is at your service and today we overview DASH/BTC . On the chart we see a large rising channel or a bear flag . The price now near the channel support and has two scenarios: 1 there will be a breakdown of the flag down and for greater certainty we will consider the level of the red line near 0.00808 . As goals, we take Fibonacci levels of 100% (previous low), 127.20% and 161.80%. 2 a rebound from the support line up by the channel and the first target is the middle line of this channel near 38.2% and 23.6% Fibonacci. The green horizontal line as the flagship of the start of a bullish trend . Perhaps this is the second(2) Elliott Wave (12345). In conclusion, at the moment we are closer to the bearish trend option, but you need to see at chart below, by DASH/USD there is a significant pre-reference to the begin of the bull trend. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex_UK
Dash - Market OverviewIf you are a Dash Holder the breaking above the previous swing high, it is an excellent signal for you. The price moved upward and confirmed the continuation of the uptrend. Now the market tries to climb above 100.00 resistance level. If this attempt is successful, long positions can be opened with profit targets at SMA200 and stops below 85.00 level. As we have the confirmation for the uptrend, it's also possible to open long positions in the long run. IF you believe that this market has the potential to grow and fundamental factors are strong, investing in the long run will be logical. Let's look at the indicators. RSI is going to reverse not far from the overbought zone. It's a bearish signal. MACD supports upward movement. DMI is bullish and ADX line moved upward confirming that the buyers become stronger. We have 1 bearish and 2 bullish signals. In spite of indicators tell us about the breakout and further upward movement, the market still can bounce from 100.00 resistance and move to the support zone between the local uptrend line and SMA100. This correction will be logical in the uptrend structure, and it will give better entry levels for buying based on a reversal signal from the support zone.
BITFINEX:DSHUSD
by DLavrov
3
Dash - How to TradeDash coin, as other markets like Bitcoin, Ethereum, Litescoin, confirmed the bearish trend reversal and starting a new uptrend. Like other markets, the price stays below the key resistance zone. This zone is formed by 95.00 and 100.00 levels. For confirmation of the strength of bulls, the price will have to move above 100.00 level, but the market does not have any fundamental support for such movement - there are no strong news and increasing of demand. Indicators also don't provide strong signals confirming the continuation of the uptrend. In such markets conditions, where there is no fundamental support, and the price is at the resistance zone, the correction or sideways movements look more logical. The price can bounce from the resistance zone and move lower to SMA50 and SMA100 where a reversal signal can be used for buying. If this zone can't hold the market, another reversal zone will be at the uptrend line. Long positions also can be opened from the uptrend line based on a reversal signal. If the price breaks 100.00 resistance level, it's possible to use this breakout for opening long positions but only if you are going to invest in the long run. As for the continuation of the downtrend, the market also does not have any reasons now. If the uptrend is not continued after correction, probably we will get range market conditions and a price channel with 60.00 and 100.00 borders.
BITFINEX:DSHUSD
by DLavrov
2