Dash

Technical Analysis of Dash

Dash was one of the best performers on the cryptocurrency market in the last several days, in less than five days the price of Dash has advanced from$140 above $170 and the current price stands around $154. The cryptocurrency market has advanced around 2-3% in the last 24 hours and the price of Dash is also supported by this situation. The price of Bitcoin is above $8 000 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. According to estimates, Dash is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite all the problems. The positive thing is that lots of partners are already supporting this cryptocurrency and Dash is already connected with various payment programs. Dash is a privacy-focused cryptocurrency that was released in early 2014 under the original name of DarkCoin (DRK). The main advantages of this cryptocurrency are: low fees, quick confirmation times and a moderate level of anonymity. It is also important to say that Dash solves two of Bitcoin’s biggest problems: speed of transactions and the lack of privacy. When we look at the 1-year chart we can see that Dash is moving in “downtrend”. As long Dash is below $400 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $150 and $200 – If the Dash jumps above $200 that would be a “BUY” signal and the open way to $300 or even $400. If the Dash jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the Dash falls below $100 that will be a strong signal “SELL” signal and the next target could be around $80.

Advice: The cryptocurrency market is advancing again and it is very important that the price of Bitcoin is again above $8 000. In my opinion, this is still very risky cryptocurrency but Dash can be a very good investment option and some predictions say that this cryptocurrency could be above $1 000 in the next several years. As for the technical picture, the Dash remains in bearish phase but if the price advances above $200 next targets could be located around $280 and $300. On the other side, if the Dash falls below $100 that will be a strong signal “SELL” signal and the next target could be around $80.
 
 

Technical Analysis of Dash

Dash was one of the best performers on the cryptocurrency market in the last three months, in less than ninety days the price of Dash has advanced from$64 to $140. Dash is a privacy-focused cryptocurrency that was released in early 2014 under the original name of DarkCoin (DRK). The main advantages of this cryptocurrency are: low fees, quick confirmation times and a moderate level of anonymity. It is also important to say that Dash solves two of Bitcoin’s biggest problems: speed of transactions and the lack of privacy. In my opinion, this is still very risky cryptocurrency but Dash can be a very good investment option and some predictions say that this cryptocurrency could be above $1 000 in the next several years. When we look at the 1-year chart we can see that Dash is moving in “downtrend”. As long Dash is below $400 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $100 and $150 – If the Dash jumps above $200 that would be a “BUY” signal and the open way to $300 or even $400. If the Dash jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the Dash falls below $100 that will be a strong signal “SELL” signal and the next target could be around $80.

Advice: The last several weeks have been very positive for the cryptocurrency market and the price of Dash currently stands around $121. According to estimates, Dash is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite all the problems. The positive thing is that lots of partners are already supporting this cryptocurrency and Dash is already connected with various payment programs. As for the technical picture, the Dash remains in bearish phase but if the price advances above $200 next targets could be located around $280 and $300. On the other side, if the Dash falls below $100 that will be a strong signal “SELL” signal and the next target could be around $80.

Technical Analysis of Dash

Dash is a privacy-focused cryptocurrency that was released in early 2014 under the original name of DarkCoin (DRK). The main advantages of this cryptocurrency are low fees, quick confirmation times and a moderate level of anonymity. According to estimates, Dash is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite all the problems. The positive thing is that lots of partners are already supporting this cryptocurrency and Dash is already connected with various payment programs. It is also important to say that Dash solves two of Bitcoin’s biggest problems: speed of transactions and the lack of privacy. When we look at the 1-year chart we can see that Dash is moving in “downtrend”. As long Dash is below $400 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $90 and $100 – If the Dash jumps above $200 that would be a “BUY” signal and the open way to $300 or even $400. If the Dash jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the Dash falls below $90 that will be a strong signal “SELL” signal and the next target could be around $80.

Advice: All major cryptocurrency have advanced in the last several weeks but despite this, the cryptocurrency market is still under the pressure and for now, the “bearish” trend remains intact. The price of Dash is still under the pressure and for now, we can not see the “light” at the end of the tunnel. In my opinion, this is still very risky cryptocurrency but Dash can be a very good investment option and some predictions say that this cryptocurrency could be above $1 000 in the next several years. As for the technical picture, the Dash remains in bearish phase but if the price advances above $200 next targets could be located around $280 and $300.
 
 
 

Top Crypto Investments That Will Yield 1000% by 2025

What will cryptocurrency be in the future? What will your crypto investments worth in about 6 years from now? In no particular order we will discuss the features & future of some “currently” top cryptocurrencies. And in no particular order our first cryptocurrency will be:
 

ZCASH

 
Its genesis dates back to 2013. Zcash was formerly known as Zerocoin and was invented by a team of scientists; Matthew Green, Ian Miers, Christina Garman, Aviel D. Rubin
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Just like Bitcoin, it is based on a decentralised blockchain but allows for anonymity behind all transaction amounts and the parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see all their addresses and their transaction amounts. Its quite clear how much money is moving around, with ZCash all the information is encrypted.
 
Yes! Zcash has caused a lot of controversy with its cryptocurrency distribution methods but this is because the organisation is not set up as an open source community but as a Company. This is the first major difference between ZEC and other cryptocurrencies such as the ethereum. Another very distinct difference is how they plan on rewarding  investors and workers in the Company. They plan on doing this by a tax on mining rewards called “Founders’ reward.”
 
Currently, the Zcash is at about $449 but experts believe that Zcash has the potential to fill the void left by the declining off-shore banking sector and to gather much more persons across different financial backgrounds into its fold and not only wealthy elites. Some perosns have even posited that the Zcash price would reach $6,289 at only one percent of the global off-shore wealth. That alone is an over 1000% increase from its current price level. Following this predictions, the Zcash could reach a peak of about $62,293 or more by 2025.
 

DASH

 
Rated as the 15th most valuable cryptocurrency, DASH brings alongside lots of promises; it is noteworthy to mention the fact that Dash is not subject to the pressure of mining cartels or feuding core developers and this goes to show that its appreciation could as a matter of fact, stabilize in a couple of years. We believe that DASH would receive more acceptance in the 2020 and upwards especially for peer-to-peer transactions such as money transfers. We also believe that if DASH’s superior blockchain makes it easier to carry out transactions, it could see its price going up to the $1,000 range. As we know, one of the most interesting feature of the DASH coin is its ability to transfer funds to prepaid debit cards with much more ease as compared to other cryptocurrencies. For 2025, if the DASH coin can continue to be an investment commodity and enjoy greater circulation and stability, we certainly will see the DASH coin reach a high of over $1,500. That would be over 1000% of its current price level.
 

ETHEREUM

 
Ethereum was invented by Vitalik Buterin and is known to run on smart contracts and accelerates hash time and consequently reduces processing time for transactions. The smart contracts enabling system of Ethereum has been widely accepted and adopted. It is now the second most valuable cryptocurrency and its popularity is expected to increase as it becomes adopted by more and more persons.
If we were to assume that both bitcoin and ethereum represent half the worth of the crypto market each having 25% (1,137,500,000,000), and then we divide this amount into 100,000,000 (the maximum amount of Ethereum to be in circulation) we will find the value of one Ethereum to be $11,375. However, on the long run like in 2025, most experts believe that the value of ethereum will be $30,000 seeing that ethereum is for a non-profit initiative; and that Ethereum is regulated by the forces of demand and supply and the demand for Ethereum is steadily increasing. So by 2025, citeris paribus ethereum will be 1000% more than its current value now.
So there you have it. That’s our list of top cryptos that will yield 1000% and more, though we know that other cryptocurrencies can yield good investments within the said period, but this post solely focuses on those crypto investments that would increase the yield by over 1000% more.

Technical Analysis of Dash

The cryptocurrency market has posted a minor recovery at the beginning of this trading week but the negative trend is still strong. In less than several hours, the price of Dash has advanced from $77 above $86 and the current price stands around $85. Dash is a privacy-focused cryptocurrency that was released in early 2014 under the original name of DarkCoin (DRK). The main advantages of this cryptocurrency are: low fees, quick confirmation times and a moderate level of anonymity. It is also important to say that Dash solves two of Bitcoin’s biggest problems: speed of transactions and the lack of privacy. In my opinion, this is still very risky cryptocurrency but Dash can be a very good investment option and some predictions say that this cryptocurrency could be above $1 000 in the next several years. When we look at the 1-year chart we can see that Dash is moving in “downtrend”. As long Dash is below $400 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $80 and $100 – If the Dash jumps above $200 that would be a “BUY” signal and the open way to $300 or even $400. If the Dash jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the Dash falls below $80 that will be a strong signal “SELL” signal and the next target could be around $70.

Advice: According to estimates, Dash is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite all the problems. The positive thing is that lots of partners are already supporting this cryptocurrency and Dash is already connected with various payment programs. As for the technical picture, the Dash remains in bearish phase but if the price advances above $200 next targets could be located around $280 and $300. On the other side, if the Dash falls below $80 that will be a strong signal “SELL” signal and the next target could be around $70.
 
 

ALT COINS TO WATCH OUT FOR IN 2019

An altcoin is any digital cryptocurrency similar to Bitcoin. They are all the alternative cryptocurrencies launched after the breakthrough of Bitcoin. They generally project themselves as better substitutes to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Most popular altcoins use the same fundamental building blocks as Bitcoin. This implies that most altcoins are peer-to-peer, and they involve a mining process through which the users can solve difficult problems in order to unlock blocks, and they also offer efficient and cheap ways to carry out transactions on the web. altcoins vary widely from each other even with their many overlapping features – altocoins differentiate themselves from bitcoin with a range of procedural differences, including different proof-of-work adifferences the different means by which their users can sacrifice energy to mine blocks and application advancements to increase their user’s anonymity.

In April 2017, the size of the cryptocurrency market was just about $25.9 billion but as now, it stands at about $409.5 billion. The market growth gave room for many new cryptocurrencies to emerge. So it is pretty tasking to pick out the vest alt coins as there are hundreds to choose from. But in this article, I will show you the best 5 alt coinsto watch out for in 2019 so buckle up, its going to be a long ride.
Many of these altcoins are basically forks of Bitcoin, developed on its open source code. It can be a difficult task to choose the best altcoins, as there are thousands of options out there.

Best Altcoins to Invest in 2019

1. Litecoin

Litecoin is one of cryptocurrency’s oldest altcoins, it was created in 2011 by Charlie Lee(ex-google employee). Litecoin is just a digital currency like bitcoin but with certain upgrades. Litecoin shows very many improvements from that of bitcoin, especially its remedy of bitcoin’s slow transaction speed. As a matter of fact, the reason that it is called Litecoin is because it is 4 times faster than Bitcoin. A Bitcoin transaction could take about 10 minutes to complete but a Litecoin transaction is done and dusted in 2.5 minutes. This makes Litecoin more scalable than Bitcoin as the litecoin can complete more transactions per second than the bitcoin can. The litecoin is fairly easy to purchase because it is offered by most of the top cryptocurrency exchange platforms. You can buy Litecoin from Kraken or from Coinbase or Coinmama or Bitsquare.

2. Ethereum

Ethereum was launched in July 2015 by Vitalik Buterin. All the list of the best altcoins must have listed in them, Ethereum. Ethereum is the second most valuable cryptocurrency after Bitcoin and it has a current market capitalization of about $64.35billion.
The price of Ethereum has grown from $9 in January 2017 to $1,389 in January 2018. And its price has almost doubled in price within the last one month, from $396 at the beginning of April (2018) to $648 today.
Why is Ethereum so unique and different from Bitcoin?
Bitcoin is just a virtual currency, but Ethereum has more to offer in addition to that. Ethereum provides a platform for the developer on which they can build blockchain-based smart contracts and decentralized apps.
Ethereum was the first cryptocurrency token to introduce smart contracts(Smart contracts are agreements coded on the blockchain that execute themselves on when certain pre-set conditions are met), and smart contracts are now considered as the next big thing.
As one of the most widely available cryptocurrencies, Ethereum can be purchased from any popular exchange. Many of these exchanges support credit/debit cards in addition to bank transfer. So you can purchase Ethereum from Coinbase or Coinmama or CEX.io or Gemini.

3. NEO

NEO, which was originally called AntShares. It was created in 2014 by Da Hongfei in China. It is the biggest cryptocurrency which is of Chinese origin. NEO, like Ethereum, is a platform designed for developing decentralized applications (Dapps), Smart contracts and ICOs. It has very close resemblance with Ethereum and because of this close resemblance to Ethereum, NEO is often referred to as the “Chinese Ethereum”. One of the major factors which is propelling growth for NEO is the support it enjoys from the Chinese government and its robust technology. NEO has a vision of building a smart economy and this Impliesthe digitization of physical assets like cars, houses etc. To buy NEO, you must First buy bitcoin and then exchange it.

4. CARDANO

Cardano fixes three of the most pressing challenges the first and second blockchain generation projects faced. These challenges are: availability, interoperability and sustainability. Cardano offers advanced improvements over Bitcoin as well as over Ethereum. Cardano is a decentralization app building platform with its unique native frequency.
Cardano also profers solutions to the problem of slow international payment transfers by reducing the cost and speed to a few seconds. Cardano can easily be gotten from coinmama but if you wish to buy from other platforms, you will need to but bitcoin first.

5.DASH

Dash was launched about 5 years ago by Evan Duffield. It was first called Xcoin then renamed Darkcoin but in 2015 it was finally re-branded to Dash. Dash has a market capitalization of about $3.79billion so could be one of the best coins to invest in 2019. Dash has made some giant strides And the technology and offers better privacy and a higher transaction speed than Bitcoin.
Unlike Bitcoin in which the address of the sender is made public, Dash keeps the addresses hidden. So, Dash’s transactions cannot be traced back to the origin, while Bitcoin transactions are traceable.
Dash also has its own self-funding mechanism (0% of all the mining reward goes back to the Dash.) This fund is used to further improve and grow Dash.

Technical Analysis of Dash

Dash is a privacy-focused cryptocurrency that was released in early 2014 under the original name of DarkCoin (DRK). The main advantages of this cryptocurrency are: low fees, quick confirmation times and a moderate level of anonymity. According to estimates, Dash is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite all the problems. The positive thing is that lots of partners are already supporting this cryptocurrency and Dash is already connected with various payment programs. When we look at the 1-year chart we can see that Dash is moving in “downtrend”. As long Dash is below $400 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $90 and $100 – If the Dash jumps above $200 that would be a “BUY” signal and the open way to $300 or even $400. If the Dash jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the Dash falls below $90 that will be a strong signal “SELL” signal and the next target could be around $70.

Advice: It is also important to say that Dash solves two of Bitcoin’s biggest problems: speed of transactions and the lack of privacy. In my opinion, this is still very risky cryptocurrency but Dash can be a very good investment option and some predictions say that this cryptocurrency could be above $1 000 in the next several years. As for the technical picture, the Dash remains in bearish phase but if the price advances above $200 next targets could be located around $280 and $300. On the other side, if the Dash falls below $90 that will be a strong signal “SELL” signal and the next target could be around $70.
 

Trading Strategies for Dash(Nov.14th)

The name Dash comes from the two words ‘Digital Cash.’ Dash is an open source, peer-to-peer cryptocurrency used to send or receive payments. It was launched in 2014 and has a total market capitalization of $2.4 billion.
The trading strategy discussed below incorporates the Spike and Ledge reversal pattern which was popularized by a professional trader known as Linda Raschke. This chart pattern can reward with huge profits.

Steps to consider when trading Dash (buy side):

Dash cryptocurrency price needs to show a steady decline that suddenly accelerates to the downside

When this reversal is complete, it will resemble a cup with a sharp bottom. This sharp acceleration is usually the last stage of a bear cryptocurrency market, and in most cases, followed by a sharp reversal if all the trading-criteria for a valid Spike and Ledge are met.

The exhaustion reversal bar needs to be bigger than the previous bar

Ideally, the bigger the climax bar is in comparison with the other bars within the bearish trend, the more profitable the reversal pattern becomes. However, this is not mandatory.

The climax bar needs to develop at a key support level or after breaking a key swing low

For the Dash cryptocurrency trading strategy to work, we need to wait for the exhaustion bar to show up at the right location.

The exhaustion bar develops after several bearish impulsive bars

Impulsive bearish bars will make the appearance of a bearish trend that will trap many sellers including retailers once the tide turns. To trade profitably, you need to trade against the retail mindset.

After the downward Spike, wait for the market to enter into a short period of consolidation or channeling

Draw two parallel lines to contain this price range. This is referred to as the ‘Ledge.’ The Spike and Ledge reversal pattern satisfies all trading conditions outlined.

Buy Dash coin when we break above the Ledge

This is to avoid the usual false breakouts.

Place your protective loss below the exhaustion bar

Define your take profit.

You can achieve your profit target goals by using your preferred strategy when it comes to exit the market.

The same steps apply for the sell trade but in reverse.

References

  1. http://forextrading.company/dash-trading-how-trade
  2. https://www.daytrading.com/dash
  3. http://forextraderportal.com/how-to-trade-dash-cryptocurrency/

Technical Price Analysis of DASH Oct.23th

Dash is a cryptocurrency that burst into the crypto scene in January 2014.
Since the onset, it has been meant to take an unlikely path like Ethereum and Stratis that focus on developing new platforms. DASH defines its role as being a peer-to-peer decentralized electronic cash that continues to adopt the feature of being liquid like real cash that is being used in various countries. At the time of its formation and coming down to the present age, DASH remains an open source that operates its own blockchain, personal wallet system and unique community. In the current period, DASH cannot be said to be doing so great as it has been encountering a steady fall ever since it peaked at $1200 in 2017. Within a few days, it had jumped down to about $750 and while investors expressed a growing hope that the market price will surge, it has continued to drop at an astronomical rate.
When the price was still high in 2017, DASH was regarded as the seventh biggest coin but it has slipped to a lower position in the top 30 at the moment.
Currently in the month of October, the price of DASH has been hovering dangerously between $150-155 and the price continues to drop.
Most analysts have predicted a kind of continued downfall of the currency to a region of $100. This means that the strong signal that the current trend is sending is ‘SELL’. However, we should continue to observe if there would be any form of rise above the $200 mark. When this happens, it is safe to say that the market price is gaining and it indicates a strong indication to ‘BUY’.
On a general note, 2018 has certainly not been the year for cryptocurrencies as many have experience incredible drops from 2017 highs. Nevertheless, we are looking forward to seeing the direction that the DASH team has for the Cryptocurrency.



As you can see from this chart, there is a great signal to “Sell” as it continues to plummet