Hello Guys!
Today I am sharing with you all a very unique chart that I have put together. The purpose of this chart is simply to show a broader perspective as to how DASH has always moved.
To give a brief explanation as to how this was made:
- This is a Fib Channel
- Point 1 was the May 2014 ATH of $16.8822
- Point 2 was the Dec 2017 ATH of $1617.4745
- Point 3 was the Jan 2015 Bottom of $0.90562328
- I made this as a step ladder, going from 0 to 2, with incremental steps of 0.1
Now for the Juice! This is a 2 Week Chart on DASH. We are about to have our 6th candle in a row that cannot close above its currently held resistance line. Although it has made wicks to the next rung up, DASH has not made a 2 Week close above our current level, which is now around $300.
Because of this, I fully expect DASH to work its way down the rungs. If it were to go down to the next rung on the next 2 Week Candle, DASH would be around $220.
Currently on the 1 hour chart (down below), I have seen that DASH broke below a rising wedge (which is a bearish continuation pattern in this case). With this, price should drop towards around $234 (breakdown minus ), which is starting to build a good case for DASH to make its way lower, using one of the lower rungs as support.
In the chart below, there is also the (from top to bottom in price):
- 200 WEEK Moving Average currently at $205 (green)
- 200 DAY Moving Average currently at $135 (red)
- 100 WEEK Moving Average currently at $104 (white)
Each one of these Moving Averages coincides at these various different rungs, and will also act as key support makers.
I'd highly suggest you zoom in and look at how price moves relative to these lines from the beginning of DASH to present, as this will provide you with an understanding of how seriously DASH moves within these boundaries.
This simple drawing is meant to shed light on how DASH moves, and I think that you can make out well with these lines in conjunction with using other indicators, trend lines, and even looking at doji candles around these levels.
I hope you all enjoyed this neat perspective on DASH and hope it will keep you level headed. Please be sure to give a LIKE and SUBSCRIBE if you did! Have a great rest of your day or night, and as always, be sure to do your own due diligence.
Today I am sharing with you all a very unique chart that I have put together. The purpose of this chart is simply to show a broader perspective as to how DASH has always moved.
To give a brief explanation as to how this was made:
- This is a Fib Channel
- Point 1 was the May 2014 ATH of $16.8822
- Point 2 was the Dec 2017 ATH of $1617.4745
- Point 3 was the Jan 2015 Bottom of $0.90562328
- I made this as a step ladder, going from 0 to 2, with incremental steps of 0.1
Now for the Juice! This is a 2 Week Chart on DASH. We are about to have our 6th candle in a row that cannot close above its currently held resistance line. Although it has made wicks to the next rung up, DASH has not made a 2 Week close above our current level, which is now around $300.
Because of this, I fully expect DASH to work its way down the rungs. If it were to go down to the next rung on the next 2 Week Candle, DASH would be around $220.
Currently on the 1 hour chart (down below), I have seen that DASH broke below a rising wedge (which is a bearish continuation pattern in this case). With this, price should drop towards around $234 (breakdown minus ), which is starting to build a good case for DASH to make its way lower, using one of the lower rungs as support.
In the chart below, there is also the (from top to bottom in price):
- 200 WEEK Moving Average currently at $205 (green)
- 200 DAY Moving Average currently at $135 (red)
- 100 WEEK Moving Average currently at $104 (white)
Each one of these Moving Averages coincides at these various different rungs, and will also act as key support makers.
I'd highly suggest you zoom in and look at how price moves relative to these lines from the beginning of DASH to present, as this will provide you with an understanding of how seriously DASH moves within these boundaries.
This simple drawing is meant to shed light on how DASH moves, and I think that you can make out well with these lines in conjunction with using other indicators, trend lines, and even looking at doji candles around these levels.
I hope you all enjoyed this neat perspective on DASH and hope it will keep you level headed. Please be sure to give a LIKE and SUBSCRIBE if you did! Have a great rest of your day or night, and as always, be sure to do your own due diligence.
