DASH bull flag formation on hourly chart.
Entry: 0.092 (market price)
Stop-loss: 0.0889 (-3%)
Target: 0.104 (13%)
- Bullish flag formation
- Rising volume
- Stock RSI shows oversold
Short term trade (max a couple of days).
DOGE seems ready for new market cycle.
- Volume rising
- Long term descending resistance has just been broken
- RSI has been oversold for a while
Trade duration : 2-3 weeks
Credit for the call goes to @Dalin_Anderson
I see $VERT dipping soon to test previous support levels either at the fib786 or fib618 area. I would enter this trade after short trend reversal at these levels. Stop-loss would be at red level (just below previous support levels) and profit just below previous high.
$STEEM recently bounced on fib786. I will watch if it now manages to break descending channel. I believe the long term trend will be maintained (purple line).
In a shorter timeframe, we have to watch if the short term support (pink line) holds. From there I see it either going straight up (green arrow) or back down to retest trending support before (orange...
Has Gnosis hit all time low?
- Watch for breakout in descending triangle formation
- Trend seems to be reversing (but needs to be confirmed by clearer MACD indicator)
- RSI shows strong oversold
- Volume is rising
I would enter if the trend reversal is confirmed and we break through Ichimoku cloud.
What is your take on that?