DashLong
Dash potential breakout
Updated
Dash is stuck between strong resistance and support. It will likely bounce between those until it is forced by the blue support trendline to move either strongly upwards or strongly downwards.
I recommend setting stoplosses at 945 usd for the moment, and once dash bounced off the blue support line, raising your stoplosses to 1050 usd to protect us in a more favourable position.
To prevent using fake breakouts as a buy signal, make sure to wait until the candle closes above resistance. You could also use the green entry line as an entry level in case there is a large volume breakout going on. This is however more risky.
RSI supports upwards movement.
The first target is about 1533 usd. The second target, which will likely take a long time to reach, if at all, is 2000 usd.
Important to note is that there will likely be pullbacks around the fibonacci lines, so keep that in mind while trading.
If I made you money, please consider buying me a beer to make my day:
LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
I recommend setting stoplosses at 945 usd for the moment, and once dash bounced off the blue support line, raising your stoplosses to 1050 usd to protect us in a more favourable position.
To prevent using fake breakouts as a buy signal, make sure to wait until the candle closes above resistance. You could also use the green entry line as an entry level in case there is a large volume breakout going on. This is however more risky.
RSI supports upwards movement.
The first target is about 1533 usd. The second target, which will likely take a long time to reach, if at all, is 2000 usd.
Important to note is that there will likely be pullbacks around the fibonacci lines, so keep that in mind while trading.
If I made you money, please consider buying me a beer to make my day:
LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
Note
Be careful, triangle is close to being broken. Wait for the candle to close below it to fully signal a drop. Expect a drop to 781 usd at the very least in that case.Note
Triangle held for now. Keep a look out though!Trade active
Bounced off succesfully, get ready for 1245 usd!Trade closed: stop reached
Broke through support. Will go to 960 usd, perhaps it'll bounce off that to go back to the blue support line, perhaps it'll crash through. Keep in mind that BTC acting out is dangerous for all trades. Always set stoplosses and alerts!Note
It bounced off lowest support line at 600. My chart is still relevant indeed :) Nice to see that happening, hope some of you had an offer open.Trade active
Trade active
It'll likely test support once more at 787 before going to 960 in likely a week or so. Provided that BTC will stay up of course. If BTC falls, all long positions on any coin will go down.
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