WTF DASH. You guys see that long wick that went all the way to the top of the orange trend line? Yeah that was pure manipulation. If you zoomed allll the way in, you would see that that pump happened in ONE 3 minute candle. I'm not sure what the whales or PnD group were thinking but I am not going to heavily factor in that price action as it was pure manipulation.
However, Ever since the Sunday post, Dash has broken the yellow support range of .05- .0489. And Given my advice to sell if it broke that range, you would have been able to re-enter on an attempted bounce off the bottom orange trend line of support. Even THAT is not guaranteed in these current market conditions when we have experienced such a violent selloff. However, it is interesting to note that things have been playing well into this wedge. DASH has consistently closed with lower lows for 6 days in a row. I expect one more today or tomorrow, and reach the orange rising support line. One thing to note is I don't see a clear support level so I'll say the general upcoming support and battle range will be anywhere from .0445 to .042. If it beaks below that, and the trend line, then the set up has broken down and the bears have won.
If you are someone who wants to add to a long term DASH position, I see this upcoming range as a good level. If you are a trader who isn't opposed to risk, you could start scaling in at .0445 and set a tight stop loss around .0435 - .042
Godspeed everyone
However, Ever since the Sunday post, Dash has broken the yellow support range of .05- .0489. And Given my advice to sell if it broke that range, you would have been able to re-enter on an attempted bounce off the bottom orange trend line of support. Even THAT is not guaranteed in these current market conditions when we have experienced such a violent selloff. However, it is interesting to note that things have been playing well into this wedge. DASH has consistently closed with lower lows for 6 days in a row. I expect one more today or tomorrow, and reach the orange rising support line. One thing to note is I don't see a clear support level so I'll say the general upcoming support and battle range will be anywhere from .0445 to .042. If it beaks below that, and the trend line, then the set up has broken down and the bears have won.
If you are someone who wants to add to a long term DASH position, I see this upcoming range as a good level. If you are a trader who isn't opposed to risk, you could start scaling in at .0445 and set a tight stop loss around .0435 - .042
Godspeed everyone