After breaking out of the long term down trend triangle Dash looks to be attempting to form a bottom. Possibly move up to the big red line in the short term.
Hi Traders
DASHUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 139.00 resistance level. Only the downward break of 121.70 would cancel the bullish scenario.
Trade details
Entry: 139.00
Stop loss: 121.70
Take profit 1: 149.40
Take profit 2: 166.00
Score: 8
Strategy: Bullish Breakout
New to this, trying this out to see how it plays out. Looks to follow the standard bull flag pattern.
1) Spike in trading volume during flagpole phase
2) Followed by lower volume during current consolidation.
3) Looking for a breakout on higher relative volume to continue the upward trend.
Let me know if my interpretation of this pattern is correct and feel...
Shorted DASH last night, price has crawled higher tapping into 131.83 level and starting to see bearish rejection in this zone. Shorts below 126.90, potential scale in, overall targets 114.45 and 106.67.
The following content is machine translation:
It continued to rise and came to the resistance level of 120.
If it can effectively break through, stand above 120 and continue to be bullish.
In operation, stand on 120 and look around 155. Failed to effectively break through, and fell back to near 100.
The bottom of the dash is built very well
There are also benefits of production cuts in June
There will be a surge in the near future
It is recommended that you plan on dips
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Hello Traders!
The DASH price is testing the upper boundary of the buyers' interest zone of $64 - $94
To take a medium-term position, it is better to wait for the price to reach the support level of $64 and accumulate the position in portions on the uptrend. It would be better to finish purchases at the return of the price to support level of $94
The targets...
DASH is an anonymous coin because of the war
Might make him stronger
It has the potential to rise independently of Bitcoin
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Major support level is at 78 dollar. The upper line is major resistance. So if 78 dollar region is not broken we could be heading towards the thousands of dollars. Dash is right now low risk high reward.
