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sebastian.soik
May 29, 2017 3:53 PM

DASH 1H - 3 weeks Forecast - long Long

Dash / BitcoinPoloniex

Description

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

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

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