Hello All!
I wanted to share a second important analysis with you all today, that will be very critical.
As you can see in the chart, the $147 through $231 zone is very important, and often times when DASH has broken through one of these levels, it has gone to the next level. Right now, we are currently above the $231 level using it as support, but as I have displayed in another analysis of mine (down below), DASH is in a Symmetrical Triangle, which often times indicates a trend continuation, in this case, down.
If this symmetrical triangle breaks to the downside, it should go down $40, putting it under the $231 support, and in this very crucial zone, which will likely be indicative of a further drop towards this $147 support.
As always, we have to make sure to be level headed. If you are bullish, you would want to see DASH close above this symmetrical triangle with confirmation. If however, it closes below the symmetrical triangle, I would expect DASH to eventually parachute its way towards this $147 area.
I hope you guys enjoy this analysis! If so, be sure to LIKE and SUBSCRIBE if you did, and as always, be sure to do your own due diligence.
I wanted to share a second important analysis with you all today, that will be very critical.
As you can see in the chart, the $147 through $231 zone is very important, and often times when DASH has broken through one of these levels, it has gone to the next level. Right now, we are currently above the $231 level using it as support, but as I have displayed in another analysis of mine (down below), DASH is in a Symmetrical Triangle, which often times indicates a trend continuation, in this case, down.
If this symmetrical triangle breaks to the downside, it should go down $40, putting it under the $231 support, and in this very crucial zone, which will likely be indicative of a further drop towards this $147 support.
As always, we have to make sure to be level headed. If you are bullish, you would want to see DASH close above this symmetrical triangle with confirmation. If however, it closes below the symmetrical triangle, I would expect DASH to eventually parachute its way towards this $147 area.
I hope you guys enjoy this analysis! If so, be sure to LIKE and SUBSCRIBE if you did, and as always, be sure to do your own due diligence.
