UnknownUnicorn2091450

$DASH $DASH.X - Quick Dash, hopeful profit

BITTREX:DASHBTC   Dash / Bitcoin
Going in on DASH to see if i cn get up to a 4% gain. I'm on the 4 hour time frame and we have a cross of the 5 period SMA over the 10 period SMA, a bullish signal. Then we have a candle above the 20 period SMA. This is premature on the 4 hour since we haven't had a close yet so this is a gamble. The RSI is on a small steady rise but above 50, another bullish signal and the Stoch is going up. On the dily chart Stoch is in the oversold area so that is another indicator of a possible continuation of a small trend reversal.

I entered around 0.04451941 sats, aiming for 0.04622118, and set my stop loss for 0.04311446.

Being in a bear market this is still a risky venture but with a few bullish signals i'm taking a gamble here. No real important fundamentals, twitter posts som basic news of vendors the past few days hence why we have probably seen a small reversal. By all means this wouldn't fit for a long term setup. I will aim for my near 4% gain but if I get 2% out of it i may cash out. Since RSI is kind of even this could easily turn. May be to early to get in but I do like to gamble.

Remember of you want in, do your own research, and I am not a financial ad visor.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.