Hello everyone!
I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart.
Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range.
As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range.
It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region.
A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me.
If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart.
Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range.
As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range.
It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region.
A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me.
If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
