InvestingScope
Short

Channel Down intact but Triangle in play. Awaiting for break out

POLONIEX:DASHUSD   Dash / US Dollar (calculated by TradingView)
DASH remains within a Channel Down formation with 1W applying significant selling pressure ( MACD = -77.480, B/BP = -59.3039). On 1D however a Triangle has emerged that is keeping the price neutral ( RSI @ 50.830, STOCH @ 53.459, ADX @ 13.271, CCI @ 43.9842, Highs/Lows @ 0.0000). We expect 174.20 to be crossed, which will nullify this Triangle and make the price resume the bearish trend of the Channel Down. Our short targets are intact: TP1 = 126.5509 and TP2 = 100.21.
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