Dash - Market Overview

If you are a Dash Holder the breaking above the previous swing high, it is an excellent signal for you. The price moved upward and confirmed the continuation of the uptrend. Now the market tries to climb above 100.00 resistance level. If this attempt is successful, long positions can be opened with profit targets at SMA200 and stops below 85.00 level. As we have the confirmation for the uptrend, it's also possible to open long positions in the long run. IF you believe that this market has the potential to grow and fundamental factors are strong, investing in the long run will be logical.

Let's look at the indicators. RSI is going to reverse not far from the overbought zone. It's a bearish signal. MACD supports upward movement. DMI is bullish and ADX line moved upward confirming that the buyers become stronger. We have 1 bearish and 2 bullish signals.

In spite of indicators tell us about the breakout and further upward movement, the market still can bounce from 100.00 resistance and move to the support zone between the local uptrend line and SMA100. This correction will be logical in the uptrend structure, and it will give better entry levels for buying based on a reversal signal from the support zone.