DASHPERP trade ideas
DASH is about to hit crucial supportDASH just broke out of what could be considered a bear flag which could mean it is about to head downward.
What makes matters worse for DASH is it is about to hit the bottom of a long term wedge (green lines) right around the 50% Fibonacci level near $212. Although this is a great opportunity for a bounce, with the bear flag just breaking, it must also be considered that if support breaks, it can easily hurl into a whirlwind downward over the next month.
Hence there is some crucial support to watch soon around $212 for DASH.
DASH GOING FOR THE BULLS Dash has barely broken above ZONE A pushing upwards with bullish momentum. According to my analysis it should consolidate a while after breaking ZONE A and closing above it then form a price action pattern like a double bottom. I strongly advice to wait for a candle to be closed and have little retracements or pullbacks. My Target is very close to ZONE B which serves as a nice support for the market 👌. Follow me for more analysis