DASHLong
DASH warming up its engines
Updated
Daily log chart.
Many factors are leading me to believe DASH has found a bottom.
-Flat volume after volume dieoff
-Bullish divergences on MACD and RSI
-Current price action within a major historical support/resistance zone.
-BTC also showing signs of near-bottoming
We're moving downward in a channel (yellow dashed lines) and downward in a descending wedge (purple).
Watch .236 retrace of move to previous ATH for target prices, taking profit/moving up stop loss at windows along the way dependent on your strategy.
The bottom may take a while. If you're patient, starting to accumulate here is not a bad choice. The profit potential on DASH is considerable, especially if you're interested in a long-term trade.
Measure twice, cut once.
May all of life's treasures be yours.
Many factors are leading me to believe DASH has found a bottom.
-Flat volume after volume dieoff
-Bullish divergences on MACD and RSI
-Current price action within a major historical support/resistance zone.
-BTC also showing signs of near-bottoming
We're moving downward in a channel (yellow dashed lines) and downward in a descending wedge (purple).
Watch .236 retrace of move to previous ATH for target prices, taking profit/moving up stop loss at windows along the way dependent on your strategy.
The bottom may take a while. If you're patient, starting to accumulate here is not a bad choice. The profit potential on DASH is considerable, especially if you're interested in a long-term trade.
Measure twice, cut once.
May all of life's treasures be yours.
Note
Looking good so far! BTC has rallied and taken DASH up to precisely the top of the purple descending wedge resistance at 239 on this chart.Note
Testing support again now. Stop loss below 208.Note
Another scenario: $200 would be the retest of the top of the descending wedge as support, also a possible trajectory.Note
Wow! That was exciting, and a very close battle at the red line! As you can see, we did not close the daily below 209, which is on my chart as the get out line. We just barely held that level but it was enough for all of us DASH bulls to run. I took profits at 240 and plan to buy more after seeing some consolidation. Plenty more upside targets to come.I hope some others have been following this chart and made good profits today.Note
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