DASH is within a very long symmetrical triangle and is slowly arriving at its point.
The course is actually on the bottom line of the mentioned triangle - every move downwards would break the trend and this would be a negative sign.
But the price has also left the positive trend channel. This hasn´t been a very strong trend channel - DASH had broken through its limits more than one time. But at least it has been a positive indicator in the past.
It doesn´t seem that DASH would re-enter the trend channel, so the trend is ended. We have now to focus on the triangle.
A break upwards would indicate a further rise and vice versa.
To the top we find a resistance line at 1.250$ which could be the first aim upwards.
To the bottom the next fib resistance (915$) is near and it seems to be strong. If DASH shouldn´t break it. Place stops there.
indicators:
unfortunately weak - ADX is showing rising momentum but for -DI (negative)
volume is low; so even little trades can manipulate the trend
The course is actually on the bottom line of the mentioned triangle - every move downwards would break the trend and this would be a negative sign.
But the price has also left the positive trend channel. This hasn´t been a very strong trend channel - DASH had broken through its limits more than one time. But at least it has been a positive indicator in the past.
It doesn´t seem that DASH would re-enter the trend channel, so the trend is ended. We have now to focus on the triangle.
A break upwards would indicate a further rise and vice versa.
To the top we find a resistance line at 1.250$ which could be the first aim upwards.
To the bottom the next fib resistance (915$) is near and it seems to be strong. If DASH shouldn´t break it. Place stops there.
indicators:
unfortunately weak - ADX is showing rising momentum but for -DI (negative)
volume is low; so even little trades can manipulate the trend
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.