Currency Pair: DASH.USD Time Frame: Daily Predicted Direction: Short
Live DASH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
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A break and retest of the 4hr 50EMA is now upon us, A break and close below $573 for me would provide the reversal on the Daily TF
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A break and close below the 1hr 50EMA has now occurred, awaiting the 4hr to break for full confirmation.
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A textbook doji candle rejecting all structure levels, price now running towards $500
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Although price has exceeded the initial entry, for me i see a short opportunity should price continue to reject the Daily 50EMA
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