DASH is ready to make a longer term dash to the upside again. On the daily chart we see the price has surpassed and could close above the Monthly Pivot Range high, this is a significant event in that it demonstrates the bias has shifted from the many weeks of bearishness, to one of bullishness.
Also considering the 14 Day Pivot Moving Average (red line) has crossed the yellow 30 Day Pivot MA this is clearly bullish . There are no other key Pivot levels that are in the way of a long term move up.
The action to take is to place a buy order to enter the market long if we see the price close above the entry levels shown below. This could be as soon as end of today. The support level near term should be the Monthly Pivot high but look for longer term support all the way down to the Monthly Pivot low. This is a long term trade so be patient by placing your stop loss far enough away to avoid getting prematurely stopped out.
Exchange: Bittrex // Buy above: 462.50 // Stop-loss: 359.00 // Take-profit: 615.00 / 710.00
Exchange: Poloniex // Buy above: 463.10 // Stop-loss: 357.00 // Take-profit: 615.00 / 710.00
Once the market reaches the 510.00 bring the stop loss to breakeven (entry level); then manage the trade further by using a trailing stop loss 50.00 points behind as the market runs higher.
Also considering the 14 Day Pivot Moving Average (red line) has crossed the yellow 30 Day Pivot MA this is clearly bullish . There are no other key Pivot levels that are in the way of a long term move up.
The action to take is to place a buy order to enter the market long if we see the price close above the entry levels shown below. This could be as soon as end of today. The support level near term should be the Monthly Pivot high but look for longer term support all the way down to the Monthly Pivot low. This is a long term trade so be patient by placing your stop loss far enough away to avoid getting prematurely stopped out.
Exchange: Bittrex // Buy above: 462.50 // Stop-loss: 359.00 // Take-profit: 615.00 / 710.00
Exchange: Poloniex // Buy above: 463.10 // Stop-loss: 357.00 // Take-profit: 615.00 / 710.00
Once the market reaches the 510.00 bring the stop loss to breakeven (entry level); then manage the trade further by using a trailing stop loss 50.00 points behind as the market runs higher.