icexch
Short

DASH. Resumption of the fall. The target is $ 375, then $ 275

BITTREX:DASHUSD   Dash / US Dollar (calculated by TradingView)
After our previous review, DASH remained in the flat trend around the slow moving average of the daily chart .
However, recently the fall resumed and the rate fell down off the average. On the following days the rate hasn’t returned so it does not seem like a false ejection.
Trend indicator "Crossing of moving averages" is on sale.
In addition, we see the "Head and shoulders" figure on the charts, lasting almost a month and having a height of $ 200.
After a break down off a “neckline” on Wednesday, the first goal of the decline is $ 375. There is also the minimum of February and the level of support.
If this level is passed, the next and historically more reliable support is $ 275.
So, short is the position, it is desirable to open when returning to the neck line at $ 570
Target: $ 375 and then $ 275.
Stop at $ 650
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