Dashtether
✳️Dash/USDT (30-10) #DASH $DASH #DASHUSDTDASH is again testing the bottom of $63-65 and it looks like there is quite a bit of buying power here. We can put our faith in DASH as DASH does not lose the 60$ zone. If DASH breaks the $95 zone, it is possible to trigger FOMO status
📈BUY- LONG Strategy
- Buy as close to $63-65 as possible, stoploss if the 1D candle closes below $60 zone
- Buy more if the 1D candle closes above the 80 $ zone to confirm a new uptrend
📉SELL-SHORT Strategy
- Sell at the 80$ zone for some profit, stop loss if the 1D candle closes above 80$
- Sell at the 95$ area because it is the ceiling price of DASH and there is certainly a strong selling force here
♻️BACK-UP Plan
- If the 1D candle closes below 60$, we will sell in the 60-65$ zone, stop loss if the 1D candle closes above 65$.
- Wait to buy in the range of 35-40$
Don't miss the great buy opportunity in DASHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 73.35
TP2= @ 75.65
TP3= @ 79.20
TP4= @ 89.00
TP5= @ 100.00
SL= Break below S3
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Don't miss the great buy opportunity in DASHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 73.35
TP2= @ 75.65
TP3= @ 79.20
TP4= @ 89.00
TP5= @ 100.0
SL= Break below S3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Complex head and shoulders bottom on Dash, awaiting breakoutAll of the necessary text is on the chart.
I forgot to mention I also see dash in a rising wedge, which is usually a bearish sign, but it's a particularly weak chart pattern. But, if there's a downward break from the rising wedge, expect prices to go lower, but probably pulling back quickly.