Hello everyone!
I'm super excited to share with you guys this awesome idea. In the chart, you can see that DASH has formed a Symmetrical Triangle.
The top line has now had 4 hits, with the bottom line currently having been hit 3 times. The top line also acted as support before it fell through, and was even strong resistance on April 15th, when price was trying, but couldn't get above $360.
Typically, a symmetrical triangle is seen as a continuation pattern. DASH fell into this triangle, so it will likely be a bearish breakout, going down another $40. It is still always a good idea to be level headed though and prepared for any situation. If it were to break and confirm above the top line, we could see a $40 movement to the upside.
I hope you enjoyed this simple idea and that it provides insight as to what DASH is doing. If you did, be sure to LIKE and SUBSCRIBE.
Have an awesome day everyone, and as always, be sure to do your own due diligence.
I'm super excited to share with you guys this awesome idea. In the chart, you can see that DASH has formed a Symmetrical Triangle.
The top line has now had 4 hits, with the bottom line currently having been hit 3 times. The top line also acted as support before it fell through, and was even strong resistance on April 15th, when price was trying, but couldn't get above $360.
Typically, a symmetrical triangle is seen as a continuation pattern. DASH fell into this triangle, so it will likely be a bearish breakout, going down another $40. It is still always a good idea to be level headed though and prepared for any situation. If it were to break and confirm above the top line, we could see a $40 movement to the upside.
I hope you enjoyed this simple idea and that it provides insight as to what DASH is doing. If you did, be sure to LIKE and SUBSCRIBE.
Have an awesome day everyone, and as always, be sure to do your own due diligence.
