The DASHBTC pair has a lot going for it. I've been watching it for a while, and it is looking more and more SoLiD.
The Upside
----------------
The chart shows a solid breakthrough the neckline of a classic inverted H&S (indicated by the small blue box), which could indicate a reversal in the long downtrend it has been in against BTC. The Weekly candle closed above the 50 EMA and the MACD is poised to make a crossover of the baseline.
The Downside
--------------------
DASH has a large resistance zone coming up (big blue box), as well as the 100EMA, either of which could reject further upside. DASH also runs the risk of going oversold on the RSI with too much upside without consolidation. It could be smart to take some off the table depending on the price action at these levels.
What I Expect
-----------------
I expect a small consolidation here, with a retest of the neckline and/or the 50EMA on the weekly. If support is found, I would expect it to test the 100EMA, followed by the resistance zone. If DASH can prove itself at these levels I expect the upside could be quite lucrative in a long position.
Targets
---------
My first target is .016, the target for the Inverted H&S, and right on the other side of the resistance zones. The next targets are related to resistance zones and fibonacci levels from the recent downtrend (ascending blue boxes):
.024
.038
.052
.09 ATH
As always, take this advice with a grain of salt and do your own research. This isn't financial advice, I'm not an investment advisor, and I don't know you.
The Upside
----------------
The chart shows a solid breakthrough the neckline of a classic inverted H&S (indicated by the small blue box), which could indicate a reversal in the long downtrend it has been in against BTC. The Weekly candle closed above the 50 EMA and the MACD is poised to make a crossover of the baseline.
The Downside
--------------------
DASH has a large resistance zone coming up (big blue box), as well as the 100EMA, either of which could reject further upside. DASH also runs the risk of going oversold on the RSI with too much upside without consolidation. It could be smart to take some off the table depending on the price action at these levels.
What I Expect
-----------------
I expect a small consolidation here, with a retest of the neckline and/or the 50EMA on the weekly. If support is found, I would expect it to test the 100EMA, followed by the resistance zone. If DASH can prove itself at these levels I expect the upside could be quite lucrative in a long position.
Targets
---------
My first target is .016, the target for the Inverted H&S, and right on the other side of the resistance zones. The next targets are related to resistance zones and fibonacci levels from the recent downtrend (ascending blue boxes):
.024
.038
.052
.09 ATH
As always, take this advice with a grain of salt and do your own research. This isn't financial advice, I'm not an investment advisor, and I don't know you.