DASH got to the top trend line of its downtrend parallel channel really strong and it broke it. Now it seems to go back to test that trend line as new support. Considering the candlesticks and the oscillators in 4H Chart and 1D Chart, we place this trade idea going LONG.
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The price action has completed the gartley and now getting bounce from 1st pivot support soon it will hit the sell targets insha Allah.
The targets are:
Buy between: 0.04730445 to 0.02668114
Sell between: 0.06391684 to 0.10329701
Atif Akbar (moon333)
At previous analysis, we have 0.020642 as our buy level, and Dash perform a good bullish run few hour after we post our idea. Congrats
After break bullish confirmation level, dash perform bullish flag pattern.
We have a new target for this pattern at 0.027947
to follow this movement, we can buy right now, or wait at bullish flag support at 0.022589 to buy.
Dash topped and is pulling back as expected in plot below.
Now we need to consider re-entry zones to be watching.
This is a very early plot, am not all that confident in them.
Looks like Red 2.618 + Blue 3.236 zone has been pierced.
Next is Red 4.236 + Blue 2.618 zone, LIKELY to cause a bounce.
The two zones below that are Bulls' Last Stand or risk uptrend.
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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
I see on the 1 hour chart a falling wedge which is mostly a bullish sign.
If we look at the daily chart than we see that we are making higher highs and higher lows, we are still in this pattern and a higher low is probably set.
If this is the case and the trend continues to make a higher high we might see a 25% rise.
This chart is made for educational purpose...
After breaking the most recent Daily Chart support and Resistance, DASH starts showing weakness in its way down. It is now bouncing at Fibonacci level 0.78 (1D Chart). Oscillators are coming out of the bottom area pointing to go up, and 2 candlesticks ago we saw a strong bullish hammer.
Considering all this, here is our scalping trade idea!
After the spike that hits 0.029000, we are witnessing a price correction and test of the level 0.50. The most recent support and resistance level is located at level 0.61
We are expecting to see DASH retaking the uptrend and consolidating level 0.50 as a support. If this happens, here you have our trade idea!
DASH has been making slow and steady gains throughout 2019. Momentum has recently started to pickup and It has set itself up perfectly for a break out soon after it hits the golden cross (where the 50 day moving average moves above the 200).
Dash looking primed for a small move upward on 1hr Fib. Get in at green line, stops on either grey line, profits at golden lines. Can look to short 100% line down to 50% if it doesn't blast through to 200% line. NOT TRADING ADVICE. NOT FINANCIAL ADVICE. TRADE SAFE.