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_i18n/en/_posts/2017-03-20-PriceTechnicalAnalysis.md
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_i18n/en/_posts/2017-03-20-PriceTechnicalAnalysis.md
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---
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author: tungfa
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layout: post
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image: "2017-03-20-PriceTechnicalAnalysis.png"
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title: "Dash Price Technical Analysis – DASH/USD Trend Intact"
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---
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Dash price remained well-supported this past week against the US Dollar. After a dip towards $80, DASH/USD is now back in the bullish zone.
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Key Highlights
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Dash price managed to remain above the $80 support, and now back above $100.
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The last highlighted bullish trend line on the 4-hours chart of DASH/USD (data feed from Poloniex) is still intact with support at $95.
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On the upside, the price is facing sellers near the $118 and $120 levels.
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Dash price remained well-supported this past week against the US Dollar. After a dip towards $80, DASH/USD is now back in the bullish zone.
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Dash Price Support
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In the last analysis, I mentioned that Dash price may soon break the $100 handle once again. It not only broke the stated level, but also managed to clear the last high of $102.35. It created a new high above $110 and traded as high as $118.16. The most important point is the fact that the price remained supported above $80. There was a move towards the 38.2% Fib retracement level of the last wave from the $48 low to $102.35 high where it found support.
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Moreover, I highlighted a bullish trend line in the last analysis on the 4-hours chart of DASH/USD (data feed from Poloniex) with support at $90. It kind of played well, and helped the price remain above $80. It is currently intact with support at $95. If the price dips from the current levels, then the trend line support might play well above $90. It also coincides with the 38.2% Fib retracement level of the last wave from the $65 low to $118.16 high.
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So, if the price moves down, it might find support near $95 and $90. On the upside, there is a resistance trend line near $120. It may stop the current upside for now before buyers step up the momentum.
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Looking at the indicators:
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4-hours MACD – The MACD for DASH/USD is currently flat with no major direction.
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4-hours RSI – The RSI for DASH/USD is well above the 50 level, which is a positive sign.
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Intraday Support Level – $90
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Intraday Resistance Level – $120
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<http://www.newsbtc.com/2017/03/20/dash-price-technical-analysis-dashusd-trend-intact/>
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_i18n/en/_posts/2017-03-21-CharlieShremPartners.md
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_i18n/en/_posts/2017-03-21-CharlieShremPartners.md
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---
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author: tungfa
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layout: post
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image: "2017-03-21-CharlieShremPartners.jpg"
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title: "Charlie Shrem Partners with Dash DAO to Produce Dash-Branded Debit Card"
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---
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Early Bitcoin pioneer Charlie Shrem, co-founder of now-defunct Bitcoin exchange BitInstant, is pursuing a new venture, a [Dash-branded](https://cointelegraph.com/explained/dash-price-rise-explained) and Dash-accepting debit card. Rather than seeking startup funding through more traditional means, however, Shrem has instead sought funding directly [from Dash itself](https://cointelegraph.com/news/why-dash-ethereum-monero-will-continue-to-strengthen-bitcoin-price).
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Instead of the entirety of the block reward going to miners like most other coins, Dash gives 45 percent to masternode stakeholders, and 10 percent is set aside for development and other community projects.
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As this card would constitute a community project to grow [Dash’s ecosystem](https://cointelegraph.com/news/dash-surges-to-record-high-claims-05-mln-monthly-development-budget), Shrem [submitted a proposal](https://www.dashcentral.org/p/DASHPAYCARD-DEBIT-CARD) to the masternodes, seeking funding from the decentralized autonomous organization (DAO) within Dash itself. The proposal currently counts an overwhelming majority of favorable votes, meaning that it will be funded unless an unexpected torrent of “no” votes materializes.
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Cointelegraph spoke with Shrem about his proposal, seeking to become involved with Dash and his history in the cryptocurrency movement.
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Cointelegraph: Congratulations on your first Dash treasury proposal doing well! What led you to pursue this avenue?
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Charlie Shrem: I’ve been working with Payza since 2014 on various crypto integrations. Recently, in Miami, I met the Dash Business Development team and introduced them to an exchange that has integrated Dash. I then increased my position in Dash as I got to understand the project better. I like the concept of MasterNodes and the simplicity behind it. I decided to put together my own plan to launch the Dash debit card and put together a budget. I realized that people would be more comfortable holding Dash as a store of value if they could spend it whenever they wanted. I created a pre-proposal and the excitement grew!
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CT: How did this, doing business with a coin itself rather than a company, differ from traditional ways of doing business?
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CS: It’s really interesting and I know other coins have tried this. Steem for example, when the witness payouts were higher, the witnesses would allocate funds to various projects. With Dash, anyone can submit a proposal and if they receive 10 percent net yes notes, the protocol automatically allocates the budget to them. It’s awesome self-governance and economic incentivization.
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CT: Has this changed the parameters for how to do business, like in terms of what you can accomplish with this card?
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CS: This card has two great things to it. Merchants accepting Dash can now instantly withdraw their funds and use the card to pay bills. The second is psychological. When you are holding a form of value, the harder it is for you to spend or use it, the less you want to hold it. One of the things that give Bitcoin its utility as a store of value is the widespread belief by holders they can sell/spend/buy whenever they choose anywhere they choose. There are over 20 different Bitcoin debit cards available, it’s time for a Dash card.
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CT: You've been involved in the world of cryptocurrency for a long time. What first got you involved? What was that one moment or aspect that ignited your imagination?
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CS: What got me passionate about crypto was a lot of things, for the first time people didn’t need to rely on their individual liberties being defended by governments or corporations, rather we take our own rights and defend them with technology.
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CT: Does that remain the same today?
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CS: Of course.
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CT: Back in the day it was Bitcoin’s world. Is that any different today?
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CS: I don’t think it’s changed, but there are a lot more businesses and services around Bitcoin now, so you can use a custodial wallet but you have less freedom and can be frozen, or use your own wallet.
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<https://cointelegraph.com/news/charlie-shrem-partners-with-dash-dao-to-produce-dash-branded-debit-card>
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