Today's labour day let stocks and cryptos settle down.
Dash's chart formed different triangle patterns about to end in the next hours. I think crypto markets get ready to rise again so a possible breakout to the upside might be ahead.
Technical resistance levels appear at .0568 and .0600 because of fibonacci geometry. I left the helping lines in the chart to make the constructing clearly visible.
I'm not sure about the last target. Probably it might be influenced by the arc pair at .063. Stay tuned for updates.
ENTRY: .0500
TP1: .0568
TP2: .0600
TARGET: .0650
Dash's chart formed different triangle patterns about to end in the next hours. I think crypto markets get ready to rise again so a possible breakout to the upside might be ahead.
Technical resistance levels appear at .0568 and .0600 because of fibonacci geometry. I left the helping lines in the chart to make the constructing clearly visible.
I'm not sure about the last target. Probably it might be influenced by the arc pair at .063. Stay tuned for updates.
ENTRY: .0500
TP1: .0568
TP2: .0600
TARGET: .0650
Trade active:
triangle pattern
Comment:
TP1 reached, perfectly on time
Trade active:
technical picture looks good
price went a little more down than expected
price is down right now, posible chance for buy in
price went a little more down than expected
price is down right now, posible chance for buy in