$DASH/BTC Technical Analysis "Born to be wild"

Hello Steemers!

Since yesterday I covered the Monero chart, I thought it could be cool to do the Dash one today. :)
Same as Monero, Dash has had a very active market in the past, and is for a long time very high at the coinmarketcap.

Legend
Purple dashed line - previous support, acting as new resistance
Light blue dashed line - previous resistance new support
Yellow line - triangle border
Dark blue line - triangle border
Orange line - triangle border
White line - possible scenario

MONTHLY, WEEKLY AND DAILY CHARTS

I covered DASH today on the monthly, weekly and daily charts, marked on the daily.
As usual the chart will start off as a total mess and will be cleaned as the article goes.
I also implemented some patterns and will explain possible outcome scenarios.
This article will have allot of charts as I will show as always, all time frames.

DASH 1 day chart Poloniex + previous highs and lows marked- 06/08/16

DASH 1 week chart Poloniex + previous highs and lows marked- 06/08/16

DASH 1 month chart Poloniex + previous highs and lows marked- 06/08/16
As usual I started of by marking the highs and lows. u can see how most of them overlay or are nearly close to each other, paired up purple + light blue.

DASH 1 day chart Poloniex + previous highs and lows marked + fibs - 06/08/16

DASH 1 week chart Poloniex + previous highs and lows marked + fibs - 06/08/16

DASH 1 month chart Poloniex + previous highs and lows marked + fibs - 06/08/16
After marking the highs and lows I traditionally pulled a fib, this time across the whole chart as I plan to cover big time frames, further more the monthly fibs still suite for the lowest time frame, daily, targets.

DASH 1 day chart Poloniex + previous highs and lows marked + fibs + patterns - 06/08/16

DASH 1 week chart Poloniex + previous highs and lows marked + fibs + patterns - 06/08/16

DASH 1 month chart Poloniex + previous highs and lows marked + fibs + patterns - 06/08/16
I just couldn't help myself not noticing those patterns of triangles.
They show allot in this chart and I will refer to them in the possible scenarios and in the comment.

I still didn't clean out the charts as I will start with the lowest time frame, the daily, for which most of them matter.

DAILY SCENARIOS

DASH 1 day chart Poloniex +daily scenario chart - 06/08/16
Let's start with an zoomed in picture to get an closer look of the current situation.

scenario 1, bullish

DASH 1 day chart Poloniex + daily scenario 1 - 06/08/16
The price is breaking the top triangle border hitting the resistance line, doing some accumulation in between them and breaking upwards again towards new highs.

scenario 2, new flour + accumulation zone

DASH 1 day chart Poloniex + daily scenario 2 - 06/08/16
The price is being pushed down to the nearest support level, after which its trying to make another run to the breakup, but unsuccessful.
Dumps even harder but menages to set a new support at the area below starting accumulation.

scenario 3, bearish

DASH 1 day chart Poloniex + daily scenario 3 - 06/08/16
The price is getting dumped hard, breaking first support line briefly bouncing of the 2nd one,
and turning back down into the last hard support area.

WEEKLY SCENARIOS

DASH 1 week chart Poloniex +weekly scenario chart - 06/08/16
Still didn't remove any of my mess, will do when on the monthly ;)

scenario 1, bullish

DASH 1 week chart Poloniex + weekly scenario 1 - 06/08/16
Price breaks up. Breaking the borders of 2 triangles it slowly follow the yellow border till settling for accumulation on the orange one.

scenario 2, new flour + accumulation zone

DASH 1 week chart Poloniex + weekly scenario 2 - 06/08/16
The price is breaking the orange border of the triangle and hitting the yellow one.
It gets kicked back down, hard, finds a new flour and starts accumulation process.

scenario 3, bearish

DASH 1 week chart Poloniex + weekly scenario 1 - 06/08/16
The Price is getting kicked down, hitting the first support area to take a breath.
As it keeps going down it hits the already rested support area.

MONTHLY SCENARIOS

DASH 1 month chart Poloniex + monthly scenario chart - 06/08/16
And to finally take a breath and remove some of the lines.

scenario 1, bullish

DASH 1 month chart Poloniex + monthly scenario 2 - 06/08/16
The price shoots upwards making a new high and settling on the orange border, making it new support for another accumulation run.

scenario 2, new flour + accumulation zone

DASH 1 month chart Poloniex + monthly scenario 2 - 06/08/16
The price gets pushed down, making a new hard flour, keeping on the accumulation below the orange border.

scenario 3, bearish

DASH 1 month chart Poloniex + monthly scenario 3 - 06/08/16
The price gets pushed down hard, trying to break free from the bears and go up again.
But without good results, it continuous its way down towards the well tested dark blue border.

COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion on the coin!
Thank you for understanding!

If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
Have my charts helped you in any way?Let me know with a comment below :)
Are there more people who are doing TA?

DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.

Kind Regards, OZ :)