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  • Writer's pictureTLivingstonBlog

DASH- A Speculative Crypto Play

Altcoin Dash is a speculative crypto play I recently took a position in. Cryptocurrency trading is extremely risky, but we have seen some spectacular moves in smaller coins recently, specifically ATOM, and ALGO. After moving from around $120 to $300 last week, Dash has been holding up really well, with not much distribution coming in. When looking at the weekly chart, the accumulation over the past month really stands out. If Dash can remain above recent resistance around $300, I think it can move very quickly higher, perhaps towards the $500-600 range. Due to the exceptionally volatile nature of altcoins, this is not a position I would look to hold for the long-term, like some people do with Bitcoin or Ethereum. Instead, I would look to sell on the way up for a quick gain. As with my stock trading, I have a stop loss in place to keep my risk in check.

If you are interested in using Coinbase to purchase Dash and would like to receive a $10 sign up bonus, use this link.

Full Disclosure: I currently own Bitcoin, Dash, and Ethereum.

Full Disclosure: This post contains an affiliate link to Coinbase.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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