The price bounced from the support zone formed by SMA100 and 650.00 support level. After that we got a breakout above the downtrend line. It gives us a new buy opportunity. MACD supports further upward movement. DMI allows opening long trades. Pending orders for buy should be placed above the high of the signal candle at 748.00 level. Stop orders must be placed below the local swing low at 614.00 level. As for profit targets, the most logical levels for exit can be 850.00 and 900.00 levels. If you don't like such risk / reward ratio, it's better to skip this trading signal.
Dash wants $1400+ could go as high at 2500-$3500 on the next major move. I doubt it will run that high, but with crypto so bubbilicious, it could actually go that far. With bitcoin being expensive and slow, and all the new entrants to crypto, and dash sitting right there at the top of coinmarketcap, and such a low supply of coins, why not?
#Dash to the top yo!
minhthong0954
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Thanks @DLavrov so much, i follow you since i have begun. Would you mind show us more strategy beside RSI, DMI, MA(50), MA(100). I always took your advice before i trade.
Hey Dimitri Dash is now above the US$748 level. What are your thoughts at this time?
fevaqee
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Thanks, you are very helpful!
wfttj
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, you have fantastic analysis.. thanks!
Gaengphed
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Thanks for the analysis! If you and Goldbug1 believe there's upward swing ahead...well, it must be true then ;-) For me, I'm in Monero now, hopefully an upward swing is ahead for this coin too tonight.
HazimNordin
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Thanks @DLavrov, so far the R&R ratio work for me nicely. As a new trader, I appreciate the complete information when entering trade.
#Dash to the top yo!