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Weekly forecast Dash / Bitcoin technical chart
Symbol DASHBTC

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Trade Setup
#DASHBTC
Total Profit: -618 pip
Closed trade(s): 58 pip Profit
Open trade(s): -676 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 0.00740(current price) - 0.00792(open price) = -52 pip
13 trade(s) still open, therefore total profit for open trade(s) is -52 x 13 = -676 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.

DateSeptember 12, 2020 - 14:56
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:

  • 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 0.00613 on 09/04/2020, so more gains to resistance(s) 0.00750, 0.00780 and 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 51.

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) 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