The price bounced from the support zone formed between 1000.00 level and the uptrend line. RSI confirms price reversal and MACD histogram supports upward movement. It's a new buy opportunity. Pending orders for buy can be placed at 1125.00 level with stop orders below the swing low at 850.00 level. The main profit target is 1500.00 level. The profit target for long term trading is 2000.00 level.
Thank you for your excellent TAs. I am still learning. May I ask why you picked 1125 as entry level? Cheers
DLavrov
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@bitcoiny, it's above the local swing high on lower time frame. The breakout above this high gives us an additional signal confirming further price movement.
mykiesutt
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Does this still stand?
kieco
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@mykiesutt, Would also like to know. Seems like it's trending up.
mykiesutt
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@kieco, 1200 resistance is proving difficult. Looks like it might break for a run over the next few hours given the behaviour over the past few days
@kieco, looks like inverse head and shoulders now I still feel bullish on this one, could have got in a little lower but pretty sure it'll be ok still!
ArthurHeidt
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last dash buy opportunity resulted into a high loss for many, maybe dash is simply in a downtrend, in general