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Weekly forecast Dash / Bitcoin technical chart
Symbol DASHBTC

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Trade Setup
#DASHBTC
Total Profit: -630 pip
Closed trade(s): 0 pip Profit
Open trade(s): -630 pip Profit

Trade Setup:
We opened 15 BUY trade(s) @ 0.00624 based on 'Valley' entry method at 2020.10.12.

Open Profit:
Profit for one trade is 0.00582(current price) - 0.00624(open price) = -42 pip
15 trade(s) still open, therefore total profit for open trade(s) is -42 x 15 = -630 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.
DateOctober 18, 2020 - 12:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0053000, beginning 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 -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.00600 on 10/10/2020, so more gains to resistance(s) 0.00600, 0.00655, 0.00725 and maximum to Major Resistance (0.00850) 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 30.

Take Profits:

  1. 0.00655
  2. 0.00725
  3. 0.00780
  4. 0.00850
  5. 0.00980
  6. 0.01045
  7. 0.01170
  8. 0.01360
  9. 0.01610
  10. 0.02090
  11. 0.02575
  12. 0.03840
  13. 0.04865
  14. 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.