Hey Guys!
Today I am going to share with you several DASH charts, and what it may potentially do (speculation).
In a previous posts of mine, I showed how DASH was trading inside of a Symmetrical Triangle, and was finally able to both break and confirm a bounce above it.
Upon looking at how DASH bounced above the Symmetrical Triangle, I expect that it should go up $40 up from the breakout, putting it near $292.
Looking at the trend channels in the chart shown in this idea, DASH was able to use the 2nd to bottom line as Support with a nice bounce. Ideally, this makes me think that the next target for DASH is the next trend line, around $320.
I'm wondering if DASH may trend up towards this $320 figure, and then use $292 as support, as that is where the Symmetrical Triangle should bring price towards, and from there, break above this $320 range, and move higher towards the upper line which is around $473.
Of course this is a more speculative post. To be more conservative, you could easily secure profits around $292, as that is where the triangle should bring price to, and then see what price does from there.
Another chart I want to share is this one:
In this Monthly chart, we see that $240 has been an integral support and resistance line for DASH. With our Symmetrical Triangle, DASH should go towards the $292 area, and being that there is only several days left until the monthly candle close, I think DASH will be able to close above the $240 number. In the 2017 Bull run, DASH went up and got rejected at the $414 line, came down to $240 as support, and immediately went above $473 from there, to a candle close of $761.
This Bull run is very similar. DASH also went up to $414 and got rejected, sharply coming down to around the $240 number. With this, and the above trend channel, it makes sense for DASH to then go to at least the $473 ball park. From that point on, with a close above the trend channel, it would make sense for DASH to again find resistance around this $760 range.
Of course, this is a more speculative idea that I have posted, but, in looking at the charts, I think something like this route seems pretty reasonable, and very similar to the 2017 Bull Run.
To bring a level headed approach to this idea, DASH could very well move towards the $292 line via the Symmetrical Triangle, and come back down on our current trend channel line. It is always good to know both sides of the coin to be prepared for either case.
I hope you all enjoyed this idea, be sure to give this a LIKE and SUBSCRIBE if you did. Have an awesome night, and as always, be sure to do your own due diligence.
Today I am going to share with you several DASH charts, and what it may potentially do (speculation).
In a previous posts of mine, I showed how DASH was trading inside of a Symmetrical Triangle, and was finally able to both break and confirm a bounce above it.
Upon looking at how DASH bounced above the Symmetrical Triangle, I expect that it should go up $40 up from the breakout, putting it near $292.
Looking at the trend channels in the chart shown in this idea, DASH was able to use the 2nd to bottom line as Support with a nice bounce. Ideally, this makes me think that the next target for DASH is the next trend line, around $320.
I'm wondering if DASH may trend up towards this $320 figure, and then use $292 as support, as that is where the Symmetrical Triangle should bring price towards, and from there, break above this $320 range, and move higher towards the upper line which is around $473.
Of course this is a more speculative post. To be more conservative, you could easily secure profits around $292, as that is where the triangle should bring price to, and then see what price does from there.
Another chart I want to share is this one:
In this Monthly chart, we see that $240 has been an integral support and resistance line for DASH. With our Symmetrical Triangle, DASH should go towards the $292 area, and being that there is only several days left until the monthly candle close, I think DASH will be able to close above the $240 number. In the 2017 Bull run, DASH went up and got rejected at the $414 line, came down to $240 as support, and immediately went above $473 from there, to a candle close of $761.
This Bull run is very similar. DASH also went up to $414 and got rejected, sharply coming down to around the $240 number. With this, and the above trend channel, it makes sense for DASH to then go to at least the $473 ball park. From that point on, with a close above the trend channel, it would make sense for DASH to again find resistance around this $760 range.
Of course, this is a more speculative idea that I have posted, but, in looking at the charts, I think something like this route seems pretty reasonable, and very similar to the 2017 Bull Run.
To bring a level headed approach to this idea, DASH could very well move towards the $292 line via the Symmetrical Triangle, and come back down on our current trend channel line. It is always good to know both sides of the coin to be prepared for either case.
I hope you all enjoyed this idea, be sure to give this a LIKE and SUBSCRIBE if you did. Have an awesome night, and as always, be sure to do your own due diligence.
These price estimates are just based on where the trend lines meet, while making the path look appealing. It can happen much quicker being that this is a daily chart, which would bring all of the price levels down. Again, just another guesstimate as to what could happen.