DASH close to a demand zone!
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What will happen to DASH when it reaches to 67$-72$ zone?
Due to the monthly and daily session volume profile indicator, there is a strong demand zone waiting for the chart to reach that green area to pivot. Right after that, The rally would start and continue to hit the most immediate VPOC TP 1:92 and TP2: 95 in the short term.
From a price action point of view, if the descending channel breaks out after touching the support area ( 63$-67$ formed on Sep, Oct 2020), Dash will enter a TR within the range of 70$ to 95$. Although in the mid-term, we can expect 105$, 130$ and 190$.
Let alone, the recent political crisis between Russia and Ukraine might be a game-changer and have a drastic effect on moving the demand zone further to lower prices.
What is your trading strategy using volume profile and volume profile session indicator?
Let’s share our thought processes and learn from each other.
