website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Dash / Bitcoin technical chart
Symbol DASHBTC

Download MT4 template file

Trade Setup
#DASHBTC
Total Profit: 266 pip
Closed trade(s): 58 pip Profit
Open trade(s): 208 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 0.00792 based on 'Valley' entry method at 2020.08.01.

Closed Profit:
TP1 @ 0.00850 touched at 2020.08.06 with 58 pip Profit.

Open Profit:
Profit for one trade is 0.00808(current price) - 0.00792(open price) = 16 pip
13 trade(s) still open, therefore total profit for open trade(s) is 16 x 13 = 208 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.
DateAugust 10, 2020 - 13:45
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 0.0085000 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.
  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A trough is formed in daily chart at 0.00685 on 07/28/2020, so more gains maximum to Major Resistance (0.00850) 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 56.

Take Profits:

  1. 0.00850
  2. 0.00960
  3. 0.00980
  4. 0.01045
  5. 0.01170
  6. 0.01360
  7. 0.01610
  8. 0.02090
  9. 0.02575
  10. 0.03250
  11. 0.03840
  12. 0.04865
  13. 0.05890
Click on the level to view price action history.
Symbol Released Current Forecast
Dash / Bitcoin (DASHBTC) Tue, 2 Apr 2024
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
History
Daily-Trading-Opportunities on DASHBTC.