DASHUSDT LONG - 158$ with higher projections
Updated
Hello everyone,
key level for Dash here - volatility incoming.
Bias is long due to the strong trend in the last two weeks and heavy accumulation. Very similar to Monero but with a better chart pattern at the moment :)
The Risk-Reward is set for the pattern Take Profit (TP) but if we project using the Fibonacci tool we could end up at 300$!
At the same time, descending triangle with support coming around 100$ is definitely weak as we see the bounces becoming increasingly smaller.
Both arguments are valid from a technical analysis perspective. Which trade are you going to put though?
Watching with a pending put at 104$ - prefer the long bias. Let's see how this plays out.
Take care,
Vlad The Crypto Trader
key level for Dash here - volatility incoming.
Bias is long due to the strong trend in the last two weeks and heavy accumulation. Very similar to Monero but with a better chart pattern at the moment :)
The Risk-Reward is set for the pattern Take Profit (TP) but if we project using the Fibonacci tool we could end up at 300$!
At the same time, descending triangle with support coming around 100$ is definitely weak as we see the bounces becoming increasingly smaller.
Both arguments are valid from a technical analysis perspective. Which trade are you going to put though?
Watching with a pending put at 104$ - prefer the long bias. Let's see how this plays out.
Take care,
Vlad The Crypto Trader
Trade active
Still activeLet's see what it does here. Should move in unison with ZECUSDT and XMRUSDT which are at the verge of a breakout
Trade closed: stop reached
Nope..
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