DASH is in Range bound but Resumption of uptrend is expected.
In , A pattern is formed which is the first sign of the beginning a .
The price touched the strong downtrend line in . It is below the 21-Day WEMA which acts as a dynamic resistance.
The is at 46 and above a .
Price is in the (0.0643 to 0.0580), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.0643)
.Ending of entry zone (0.0580)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
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TP1= @ 0.0724 (First Target)
TP2= @ 0.0775 (second Target)
TP3= @ 0.0920 (Third Target)
TP4= Free (Fourth Target)
We have already opened Buy trades, based on Price Action, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
.There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.0643 would begin in Midterm.
.Price may also reach 0.0643, if price reaches this level again, we may enter by Daily-Trading-Opportunities (Price Action).
.We will close our open trades, if the level of 0.0643 is broken.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
TP1= 0.0724 (First Target)
TP2= 0.0775 (second Target)
TP3= 0.0920 (Third Target)
We opened 4 Buy trade(s)
TP1 @ 0.0724 touched at 02.08.2018
3 other break-even trades closed at entry price, therefore no profit no loss.
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Great lesson in the additional comments and nice charting, though!