DashLong
DASH double bottom & inverse H&S break
DASH is looking like it is trying to "collect them all" when it comes to bullish patterns right now from what I am seeing.
After hitting a double bottom in late march (dotted yellow line), it has further formed another inverse head and shoulder pattern and has broken the neckline today (dashed yellow line). Furthermore, this looked to be propelled by hidden bullish divergence on RSI (light blue dashed lines on price and RSI).
Right now Dash looks to be taking a break at the 38.2% Fibonacci retracement level. It should be interesting to see if it closes above the neckline for the daily chart.
I would also love to hear any opinions to the contrary as well as any other confirmations if you have them. If so, please leave a comment!
After hitting a double bottom in late march (dotted yellow line), it has further formed another inverse head and shoulder pattern and has broken the neckline today (dashed yellow line). Furthermore, this looked to be propelled by hidden bullish divergence on RSI (light blue dashed lines on price and RSI).
Right now Dash looks to be taking a break at the 38.2% Fibonacci retracement level. It should be interesting to see if it closes above the neckline for the daily chart.
I would also love to hear any opinions to the contrary as well as any other confirmations if you have them. If so, please leave a comment!
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