CalmMonkeyTrading

DASHBTC - Bleed coming to an end?

Long
BINANCE:DASHBTC   Dash / Bitcoin
DASHBTC has been pushing the bottom side of the wedge ever lower over the past few days, resisted by a very defined bleed line. Price has finally crossed over (confirmed on daily+lower timeframes). Looks to be in accumulation faze. Plenty of room to move up and not too much in the way.

Accumulation/buy zone - 0.007530 - 0.007730

Some possible take profit targets:

Target 1 - 0.007860

Target 2 - 0.008324

Target 3 - 0.009393

If wedge broken next targets likely to be hit.

Target 4 - 0.011504

Target 5 - 0.015216

Great Risk/Reward if buying in the box with the stop-loss around 0.007400

Have a great day

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