Elijah_Trading

DASH - A Breakthrough of $900 Will Lead to $2,500 Target

Long
KRAKEN:DASHUSD   DASH
So let's talk about what's going on here real quick. We're facing a slight resistance that we should break through. But we're also facing the hard task of the 55 EMA death cross on the Daily. Our indicators give us much bullishness to go forward from here. BUT, if we can't break through $900, then the bull rally will likely be delayed.

Dash needs momentum to go forward. If it doesn't gather enough momentum to cross the EMAs, then it'll likely die off and continue the correction on a failed breakout. Breaking through $900 will ensure that momentum and allow us to carry to out target by September of this year.

But, if you'd like to take the chance on it within the next day or two, then I'm right there with you. As long as the market stays healthy, then we can make this happen! Good luck!

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.