Hello everybody and welcome to another DASH Analysis!
I kept this chart very clean and simple, so you can easily grasp what is happening with DASH.
DASH entered into a descending triangle on February 22nd, and took the bottom line as support on the 28th.
From there, it hit the top of the descending triangle on March 10th, and since then, had many points where it wicked and consolidated in between the triangle.
This is where it gets exciting:
On March 22nd, we broke the triangle in a downwards fashion AND have just retested the bottom of the triangle as of today and yesterday. As of my writing this, today's candle has the potential to close as a dragonfly doji, while price is ALSO getting rejected from the 50 Day Moving Average.
Assuming that price does get rejected at this level, I expect price to eventually trade down towards $136.
There is a good amount of horizontal support at this level, combined with the 200 Day MA, and the bottom of my trend channel as shown in my other chart analysis' down below in the related section.
I hope you all enjoyed this simple, but yet, very informative chart analysis, leave a LIKE and SUBSCRIBE if you did. Have an awesome day, and as always, be sure to do your own due diligence.
I kept this chart very clean and simple, so you can easily grasp what is happening with DASH.
DASH entered into a descending triangle on February 22nd, and took the bottom line as support on the 28th.
From there, it hit the top of the descending triangle on March 10th, and since then, had many points where it wicked and consolidated in between the triangle.
This is where it gets exciting:
On March 22nd, we broke the triangle in a downwards fashion AND have just retested the bottom of the triangle as of today and yesterday. As of my writing this, today's candle has the potential to close as a dragonfly doji, while price is ALSO getting rejected from the 50 Day Moving Average.
Assuming that price does get rejected at this level, I expect price to eventually trade down towards $136.
There is a good amount of horizontal support at this level, combined with the 200 Day MA, and the bottom of my trend channel as shown in my other chart analysis' down below in the related section.
I hope you all enjoyed this simple, but yet, very informative chart analysis, leave a LIKE and SUBSCRIBE if you did. Have an awesome day, and as always, be sure to do your own due diligence.
