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Weekly forecast Dash / Bitcoin technical chart
Symbol DASHBTC

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Trade Setup
#DASHBTC
Total Profit: -3682 pip
Closed trade(s): 62 pip Profit
Open trade(s): -3744 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.01298 based on 'Valley' entry method at 2020.01.20.

Closed Profit:
TP1 @ 0.01360 touched at 2020.01.27 with 62 pip Profit.

Open Profit:
Profit for one trade is 0.00830(current price) - 0.01298(open price) = -468 pip
8 trade(s) still open, therefore total profit for open trade(s) is -468 x 8 = -3744 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMay 31, 2020 - 12:35
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.0053000, resumption of uptrend is expected.
  • We make sure when the resistance at 0.0161000 breaks.
  • If the support at 0.0053000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • A trough is formed in daily chart at 0.00755 on 05/15/2020, so more gains to resistance(s) 0.00960, 0.01045, 0.01210 and maximum to Major Resistance (0.01610) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 0.01360
  2. 0.01610
  3. 0.02090
  4. 0.02575
  5. 0.03250
  6. 0.03840
  7. 0.04865
  8. 0.05890
Click on the level to view price action history.

Symbol Released Current Forecast
Dash / Bitcoin (DASHBTC) Mon, 11 Mar 2024
Dash / Bitcoin (DASHBTC) Tue, 20 Feb 2024
Dash / Bitcoin (DASHBTC) Tue, 30 Jan 2024
Dash / Bitcoin (DASHBTC) Wed, 10 Jan 2024
Dash / Bitcoin (DASHBTC) Sun, 17 Dec 2023