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Weekly forecast Dash / Bitcoin technical chart
Symbol DASHBTC

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Trade Setup
#DASHBTC
Total Profit: -4115 pip (-526%)
Closed trade(s): 58 pip Profit (7%)
Open trade(s): -4173 pip Profit (-533%)

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 (7%).

Open Profit:
Profit for one trade is 0.00471(current price) - 0.00792(open price) = -321 pip (-41%)
13 trade(s) still open, therefore total profit for open trade(s) is -321 (-41%) x 13 = -4173 pip (-533%)

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.

DateNovember 17, 2020 - 22:40
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0030000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0065500 breaks.
  • If the support at 0.0030000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.00425 on 11/05/2020, so more gains to resistance(s) 0.00530, 0.00570 and maximum to Major Resistance (0.00655) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Take Profits:

  1. 0.00570
  2. 0.00655
  3. 0.00725
  4. 0.00780
  5. 0.00850
  6. 0.00980
  7. 0.01170
  8. 0.01610
  9. 0.02090
  10. 0.02575
  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) 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