FieryTrading

🔥 DASH Going Parabolic: New BNB?

Long
BINANCE:DASHUSDT   Dash / TetherUS
DASH has shown some crazy returns in the last couple of days. In my previous two analysis, I argued that price action was picking up and that a strong bullish move was at hand. Please take a look at my previous two DASH analysis for reference:



Currently, DASH has managed to break through R2 of my most recent analysis. Seeing the current price action, this new bullish move could be the start of something more. We've all seen BNB and the ridiculous move it made in the last few weeks, gaining almost 1,000%. DASH could potentially be the new BNB. I'm not seeing a 1,000% anytime soon, but if we continue with the current trend we could easily hit $500 within a few weeks.

Furthermore, investors who have missed the BNB train are most likely looking for another booming large cap coin to pump. DASH would be the ideal candidate. Agree?

On the chart I’ve marked two potential areas of resistance, $350 and $400. Do your own due diligence.

Happy trading!


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