DASHUSDT Local S/R| 200 MA| Swing High| Price Action
Evening Traders,
Today’s analysis – DASHUSDT- trading above key Local S/R, further upside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(200 MA Dynamic S/R)
- Swing High Objective
- Low Volume
- Oscillators Bullish Control
DASHUSDT’s immediate price action is impulsive above Local S/R, a back test and hold of this level allows us to have a bullish bias.
The 200 MA is in confluence with the EMA Ribbon bull cross; maintain this bull projector increases the probability of further upside.
Swing high is current target, exceeding this level will maintain a bullish market structure.
Current volume nodes are below average whilst both oscillators are trading in their respective bullish control zones. Maintaining these regions is indicative of strength in the market once a volume influx comes to fruition.
Overall, in my opinion, DASHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Sometimes the best trade is no trade.” – Anonymous
Today’s analysis – DASHUSDT- trading above key Local S/R, further upside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(200 MA Dynamic S/R)
- Swing High Objective
- Low Volume
- Oscillators Bullish Control
DASHUSDT’s immediate price action is impulsive above Local S/R, a back test and hold of this level allows us to have a bullish bias.
The 200 MA is in confluence with the EMA Ribbon bull cross; maintain this bull projector increases the probability of further upside.
Swing high is current target, exceeding this level will maintain a bullish market structure.
Current volume nodes are below average whilst both oscillators are trading in their respective bullish control zones. Maintaining these regions is indicative of strength in the market once a volume influx comes to fruition.
Overall, in my opinion, DASHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Sometimes the best trade is no trade.” – Anonymous