Hello everyone!
I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart.
Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range.
As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range.
It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region.
A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me.
If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart.
Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range.
As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range.
It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region.
A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me.
If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
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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.
Penerbitan berkaitan
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.