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DASH is approaching a strong support in green so we will be looking for buy setups.
on DAILY: DASH is forming a channel in brown but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Long-term:
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Short-term:
For the bulls to take over from a short-term perspective, we need a break above the last high. (green zone)
Meanwhile, until the buy is activated, DASH would be overall bearish can still trade lower till the lower till inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DASH is approaching a strong support in green so we will be looking for buy setups.
on DAILY: DASH is forming a channel in brown but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Long-term:
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Short-term:
For the bulls to take over from a short-term perspective, we need a break above the last high. (green zone)
Meanwhile, until the buy is activated, DASH would be overall bearish can still trade lower till the lower till inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT