#DASH
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
We are seeing a bearish bias in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.
There is a key support zone in green at 44.40, and the price has bounced from this level several times. Another bounce is expected.
We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.
Entry Price: 45.00
First Target: 45.68
Second Target: 46.81
Third Target: 48.30
Remember a simple principle: Money Management.
Place your stop-loss order below the green support zone.
For any questions, please leave a comment.
Thank you.
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
We are seeing a bearish bias in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.
There is a key support zone in green at 44.40, and the price has bounced from this level several times. Another bounce is expected.
We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.
Entry Price: 45.00
First Target: 45.68
Second Target: 46.81
Third Target: 48.30
Remember a simple principle: Money Management.
Place your stop-loss order below the green support zone.
For any questions, please leave a comment.
Thank you.
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.