PoppaJons

DASH LONG SOON

Long
KRAKEN:DASHUSD   DASH
Dash has been trading inside our weekly trend lines for about 4 months. It reached a high around the 10th of Jan and has been bearish ever since (inside weekly trend lines). Bullish patterns started showing around the 29th of January reaching higher highs and lower lows inside the Golden Ratio. An instance of Heads and shoulders patterns started showing on the 4H time frame signaling to us that a breakout might occur around Feb 11. If sellers break the support past our confirmation rectangle (Yellow w red outline), they will take over and form a new bearish pattern. If not, the Bulls will take over.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.