Potential Short
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SL: 138.22
R/R ratio: 1:1.5 to 1:2,5
Entry 130.3
Target 118 - 110
3D chart (too short a history for weekly chart yet)
Dash continued the uptrend after the huge spike half of january this year. It then pulled back and after some consolidation the rest of january, it picked up again and rose to 130-133 levels.
We see the previous 3 day candle closing with an...
Hello everybody.
I just wanted to share this pattern quickly with you all.
So the analysis will be short.
- RSI is in the bullish part of the mid zone on the 12 hour pointing up. ( bullish )
- The Stock Indicator is in the "oversold" region - Means we can continue going UP but there is a pullback waiting within 1-2 weeks I would say. ( Neutral )
- My secret...
DASH hit a massive downtrend resistance line and built a super bearish reversal candle with the close yesterday.
I see DASH coming back to earth, maybe even back to 40$-55$.
RSI is coming off hard from this oversold territory, MACD is crossing up. And if you zoom in we are forming a choppy inverse head and shoulders on the daily. If we break this $60 area we should get a pretty big move It's enough for me to want to roll the dice on this one.
Happy Trading,
-Sherem
Long Dash from $129.27, tight stop, low risk.
Dash is ranging on Daily and Weekly :
Information is just for educational purposes, never financial advice. Always do your own research.
I prematurely posted an idea saying that $100 support broke, and I should've waited! $100 held, and now we have a classic bull pennant and breakout. Keep an eye on upcoming resistance levels.
IMO Dash this year will go for ATH, we could expect 600$ between April-June this year. The chart on all times frames is a buy with decent volume. The inflation rate being cut is also a bonus, it has low circulating supply and a healthy amount of active addresses.
