ShawnMCR

DASH made 14% today. What's next?

BINANCE:DASHUSDT   Dash / TetherUS
Hello, dear TradingView members .
This is a DASH idea.

The price has made a 14% pump today and got rejected by the local resistance price area.
It is now sitting on local support and looks like it's holding.
There are two support levels on the way down and two resistance levels on the way up.
There are two possible scenarios:

Scenario one:
The price gets more support and buy volumes and goes back up to retest the resistance levels.

Scenario two:
The price gets rejected again and falls on the lower support levels.

If you want to open long positions, it's wise to wait for the price to break the local resistance price zone and then open your trades.


RSI is oversold, and the price has more room to go down.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.

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