DASH Bullish flag spotted.
DASHUSD is pulling back on the 1D chart after crossing above the MA200.
Levels to watch:
- This pattern is called "Bullish Flag" when the dominant move is an uptrend. Buyers take profits temporarily and re-buy a little lower.
- A similar pattern took place last April/May. The parameters are similar. Break above the MA200, then pull back towards the same MA where it found support.
- Golden Cross took place in April/May. It is yet to be confirmed now.
- The 212.000 is the Resistance and the target of buyers if this January uptrend is to continue.
- The Support is 37.500 which should hold in order to keep the bullish sentiment going.
Projection:
- The price repeats the April/May Bull Flag pattern, decline towards the MA200 where it finds support and assisted by the MA50 buyers make an attempt at the 212.000 Resistance.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
Levels to watch:
- This pattern is called "Bullish Flag" when the dominant move is an uptrend. Buyers take profits temporarily and re-buy a little lower.
- A similar pattern took place last April/May. The parameters are similar. Break above the MA200, then pull back towards the same MA where it found support.
- Golden Cross took place in April/May. It is yet to be confirmed now.
- The 212.000 is the Resistance and the target of buyers if this January uptrend is to continue.
- The Support is 37.500 which should hold in order to keep the bullish sentiment going.
Projection:
- The price repeats the April/May Bull Flag pattern, decline towards the MA200 where it finds support and assisted by the MA50 buyers make an attempt at the 212.000 Resistance.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
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