Dash - New Trading Opportunities

Let's talk about Dash.
The market dropped from 140.00 resistance level and now the price bounces from SMA50. RSI and MACD histogram confirm the price reversal. DMI is bullish with the falling ADX line. The combination of these signals tells us that the correction movement probably is finished. The market can continue the upward trend. This reversal signal could be used for buying for the short term trading based on the lower timeframes.

But the market still has some potential and space for the downward movement. That's the main reasons why it's better to get an additional signal confirming the upward movement.

If the price bounces from SMA50 and breaks the downtrend line, we will be able to get such an additional signal. This breakout can be used for buying for the medium and the long run. Stop orders must be placed below 100.00 support level and profit targets at 140.00 and higher resistance levels based on the round numbers and the previous swing highs.