Progress Report on DASH: Next target 350
Updated
Welcome back!
Not much has changed since my "Dash Warming Up Its Engines" idea, so all those drawn features are still on the chart, I just zoomed in here and drew some fibs to give better direction on the smaller timeframes.
If you were following my previous DASH idea, accumulated in the bottom blue box and had strong hands during that quick stop loss hunt below the red line...congratulations- you are in substantial profit! Don't forget to take some profit or raise your stop loss along the way.
Pay attention to what BTC is doing (may be setting up for a substantial retrace) and protect your profits. That said, Dash has had a mind of its own for a week now and still looks super bullish here; as you can see we haven't even retraced to the 50% of this bull flag pole before consolidating. A touch the the 50% may be a great entry point if you are day trading this. Careful with stops though- it would not be surprising if DASH had to paint a wider consolidation range to build up more steam. Be patient with this one. It will be worth it!
Thanks for reading and engaging with my charts!
Measure twice, cut once.
May all of life's treasures be yours.
Not much has changed since my "Dash Warming Up Its Engines" idea, so all those drawn features are still on the chart, I just zoomed in here and drew some fibs to give better direction on the smaller timeframes.
If you were following my previous DASH idea, accumulated in the bottom blue box and had strong hands during that quick stop loss hunt below the red line...congratulations- you are in substantial profit! Don't forget to take some profit or raise your stop loss along the way.
Pay attention to what BTC is doing (may be setting up for a substantial retrace) and protect your profits. That said, Dash has had a mind of its own for a week now and still looks super bullish here; as you can see we haven't even retraced to the 50% of this bull flag pole before consolidating. A touch the the 50% may be a great entry point if you are day trading this. Careful with stops though- it would not be surprising if DASH had to paint a wider consolidation range to build up more steam. Be patient with this one. It will be worth it!
Thanks for reading and engaging with my charts!
Measure twice, cut once.
May all of life's treasures be yours.
Note
Like I said: Dash had to dump a little to create that wider consolidation range. I wouldn't mind buying a little more at 140, where I sold on a spike a week ago. This is definitely an accumulation/scalp phase for me on this coin. Thanks for following this idea!
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