Dash Price Discussion and Dash Shortterm/Longterm Price Trend Speculation

[xkcd]

I agree, the bottom is in, however, we are in a middle year and as such we should expect a retest of the lows, or close to it within 12 months or less. So, for this mini run I have a target of about $172, though in the very short term I think we get a correction as Bitcoin is heading into some serious resistance.

 

[AgnewPickens]

https://hackernoon.com/is-dash-soaring-back-due-to-a-new-wave-of-interest

 

[qwizzie]

Dash Price break out today on DASH/BTC pairs (in other words, Dash price is outperforming Bitcoin price)

DASH/BTC, 3D, Binance

Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=3d

DASH/USD, 3D, Binance

Source : https://cryptowat.ch/charts/BINANCE:DASH-USDT?period=3d

 

[qwizzie]

Gotta love those 'Strong buy' signals on tradingview

 

[xkcd]

Since we are posting chart porn, here's mine, though I am not convinced we can reach $80 just yet, the break of $69 is not complete IMO and we could still fail here and drop hard. Either way, IMO this pump is getting a bit over done and I think some meaningful correction is coming.

 

[xkcd]

Posting an update to the Dash/BTC ratio, which certainly does seem to be improving and IMO just changed trends. I find it remarkable that we were dropping versus Bitcoin for several years straight, what a miserable time that was! However, now I really do see a change to trend here and if anything, I am too conservative with how I have drawn the pink channel.

The chart is in log form and would see a Dash/BTC price of 4 mBTC by Jan 2024, I think we could get there sooner.

 

[xkcd]

On Friday we saw the failure of $SVB as a massive bank run brought it to its knees and it shutdown leaving Circle's USD missing 3 billion USD in cash and sending the crypto market into a panic, the resulting price action was what Dash topped as I alluded to in the previous post at $78 and proceeded to fast flush to where the dust seems to have settled at a wick low of $44 !!! Wick to wick the correction is 43% significantly worse than most other coins.

I am bullish again. I think these prices are great value for Dash and I think this drop was way over done and the price can easily move up and regain the $50 soon. I also think that $40 is great support should we fall further. The troubles in the broader market do not affect Dash, there is no reason for the coin to react this harshly to the news, so when calmer heads prevail, we should see price improve.

Over on the Dash/BTC chart, we tested the topside of the channel, sliced through the middle point and if we reverse here the channel and thus the up trend remain in tact, so I am optimistic on this front also.

 

[GrandMasterDash]

Except the btc-dash ratio reversed way too easily to previous levels. Might be a bit too early to call this.

Doesn't the DIF hold dollars in Signature? - not sure