Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DASH has been overall bearish for a while and it is now approaching a strong weekly support and round number 30.0 in green.
DASH is forming a channel in red. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in gray (50.0)
Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 25.0 - 30.0 support.
In this case, as price approaches the support again, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DASH has been overall bearish for a while and it is now approaching a strong weekly support and round number 30.0 in green.
DASH is forming a channel in red. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in gray (50.0)
Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 25.0 - 30.0 support.
In this case, as price approaches the support again, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
https://www.RichTL.com
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https://www.RichTL.com
Telegram
https://t.me/thesignalyst
Best Forex Broker
https://cutt.ly/TickmillReal
Best Crypto Exchange
https://cutt.ly/Kucoin9