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Dash / TetherUS PERPETUAL CONTRACT

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DASHUSDT.P trade ideas

Potential price action DASH.If DASH breaks to the upside of the Ascending Triangle, we may expect the price to reach the Bullish Target of 398. If DASH breaks to the downside of the Ascending Triangle, we may expect the price to reach the Bearish Target of 240. Remember: when trading the breakout, wait for a breakout confirmation. Green= Support Red= Resistance Disclaimer: this is not trading advice, trade at your own risk. Feel free to give me a follow if you want to get notified when I publish a new idea.
Long
by Positic
4
$DASH updateI am still bullish about $DASH, even though BTC correction (or to be precise whales shaking weak hands off the bus) we are still continuing our uptrend. Let's start with the first analysis. We shot through the ascending triangle and gained 35%. Then dropped below the 306$ support zone. Know we are dancing around that zone forming another ascending triangle. However, due to 1H overbought Stoch RSI there is a high probability for us to drop to the lower side if the triangle or even below it for some time. Risky but profitable entry zone. Otherwise, you can have an entry on the breakout, which is a safer solution. Don't forget that pretty often after breakouts come retest and then we go flying, so don't be scared about a little pullback to the support zone. Good entry points: 1) 260-265$; or 2) after fixating above 306$ support zone Goals: 326 - 350 - 380 - 411 - 519 (just and ambitious long-term target calculated from 25 days long ascending tringle) SL: 255
Long
by DeFi-tacular
2