All my thoughts about Dash market you can find in my previous post in the related ideas, now it's time to think about further market movements.
The price reached the resistance level at 140.00, and we are going to get two reversal candlestick patterns. RSI is in the overbought zone, and it will be able to reverse soon. If so, we will get a solid signal confirming the price reversal from the resistance level.
In spite of bullish signals from MACD and DMI, we should be ready to see a correction movement. If the price bounces from 140.00 and moves lower, the support zone between 110.00 and 95.00 levels will become a good place for getting buy signals. This zone is formed by the support levels, SMA200, SMA50, and the uptrend line. The reversal from this zone will be logical, and the market will be able to continue the uptrend.
The price reached the resistance level at 140.00, and we are going to get two reversal candlestick patterns. RSI is in the overbought zone, and it will be able to reverse soon. If so, we will get a solid signal confirming the price reversal from the resistance level.
In spite of bullish signals from MACD and DMI, we should be ready to see a correction movement. If the price bounces from 140.00 and moves lower, the support zone between 110.00 and 95.00 levels will become a good place for getting buy signals. This zone is formed by the support levels, SMA200, SMA50, and the uptrend line. The reversal from this zone will be logical, and the market will be able to continue the uptrend.
💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
