FieryTrading

DASH/USDT Strong Move On The Horizon

BINANCE:DASHUSDT   Dash / TetherUS
DASH/USDT has formed a nice pennant on the 1H chart, which is often an indication for a strong move to either side.

Which side DASH will move onto will be totally dependent on Bitcoin . Bitcoin seems to be edging up for the moment, but that could change on a moment's notice.

My advice on trading this wedge would be to wait for the price to break the confirmation line, ideally on a higher time frame. This way you can ensure yourself that the break-out of the wedge is not a fake-out.

I've marked a potential target on either side, see the Support and Resistance lines. Do your own DD and happy trading!
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Comments

Is it still a valid scenario?
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always on fire, just like your profile picture!
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FieryTrading TheSignalyst
@TheSignalyst, Like the analogy😎
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noteworthy compression in DASH, let's see how this works out later this week.
adding this to my watch list, thank you!
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FieryTrading ProjectSyndicate
@ProjectSyndicate thanks for the support my friend
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