We got a SHORT for DSHUSD from SwingBot
Possible targets and stop loss are indicated on the chart
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I see something shaping up here - the daily Ma's are showing solid crossover action, and support just came in off the 50 period (blue). I see this as a positive sign for a continued rally, and although there may be better performing alt coin pumps in the coming weeks, this is a setup that I can trust.
TAKE PROFIT: $210-220 (+40%)
The daily timeframe tells us that the market is overbought. It should correct the previous upward movement and that we have solid signals confirming a downward movement.
Let's talk about these signals one by one.
First of all, the price diverged with RSI and MACD. We got a bearish divergence, which is a trend reversal signal. At least this signal should confirm...
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...
The price bounced from 140.00 resistance level and moved down to one of the possible support zones. The market started correction, and it will give us exciting buy opportunities.
RSI confirmed the price reversal in the overbought zone. MACD lines and histogram confirm the downward movement. DMI is bullish and ADX tells us about the trend market conditions, but...
Dash looks the best out of the usd pairs, the chart is obviously similar to bitcoins, but it had its first pump a day before bitcoin did (might be something in that) and it bounced off the 200 Daily MA. So if bitcoin was to do nothing it might be able to pump out of the ascending triangle on its own. tight stop arounnd $129
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...