DASH on the way to $479 as it breaks my parabolic indicators
So as per previous analysis, DASH played out how I explained. DASH retested the long term trendline and then on the daily chart the RSI crossed over the red horizontal line causing DASH to become parabolic.
Here is what I mentioned in last analysis 'On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.'
If you monitored my charts you would of picked this up and made the move to buy in after the RSI crossed this red line.
What I can see on this weekly log chart is on the RSI you can see the lime green trendline for the previous bull run on DASH and also for the current one. DASH needs to stay above this line to keep bullish momentum.
On the LMACD you can see on the weekly chart that once DASH goes above the yellow horizontal line it goes on it's bull run as shown where the red down arrow is on the previous bull run in 2017.
DASH has just bounced off the EMA 233 which is the dark blue line on the chart. DASH is above the Ichimoku Cloud.
On this daily chart below we need to be wary of when the LMACD hits the yellow line on the daily chart as we could see a retrace before the next pump upwards to our target @ $479 where the 4.236 Fibonacci retracement indicator is shown on the chart.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
Here is what I mentioned in last analysis 'On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.'
If you monitored my charts you would of picked this up and made the move to buy in after the RSI crossed this red line.
What I can see on this weekly log chart is on the RSI you can see the lime green trendline for the previous bull run on DASH and also for the current one. DASH needs to stay above this line to keep bullish momentum.
On the LMACD you can see on the weekly chart that once DASH goes above the yellow horizontal line it goes on it's bull run as shown where the red down arrow is on the previous bull run in 2017.
DASH has just bounced off the EMA 233 which is the dark blue line on the chart. DASH is above the Ichimoku Cloud.
On this daily chart below we need to be wary of when the LMACD hits the yellow line on the daily chart as we could see a retrace before the next pump upwards to our target @ $479 where the 4.236 Fibonacci retracement indicator is shown on the chart.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
Related Ideas
Based on that it is now at the yellow line this should be a great buy opportunity as it climbs to the target mentioned before.