Luettis

DASH trading ideas

BITTREX:DASHUSD   Dash
There are two possible ideas for DASH at the moment.

positive:
The price outbreaks the bullish flag to the top, breaks through resistance (fib retracement of falling fib, 78.6%) and continues to the next swing trend line at 428$. A benefit of 12%.

negative:
The price breaks the lower limit of the bullish flag - what is also a triangle, and falls on to the support at 337$ (swing trend line). A loss of 9% from the actual price. If negative momentum is high this weak support could be broken too and DASH plumps on the next support at 302$. A second loss of 10%.

Indicators:
RSI below the falling trend line but in positive zone; all is possible
MACD: trigger line and signal line are very near; will they cross = positive or no = negative; no clear indication actually

Before starting investing I recommend to wait until the price has broken the fib retracement at 381$.


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