DASH-BTC what next
Greetings.
The weekly DASH chart shows the main trend of the instrument - the down trend.
The price is moving in a 150% wide descending channel and even in a falling market it was possible to earn a trade in both directions.
At the moment the price is trading under a trend, after a false break-down of the trend at the beginning of the year. Note how the price feels about the trend, and we see many attempts to break through the external border of the channel. Pay attention to the low vertical volume, which is one of the fundamental signs of a false break-down.
The price has approached the horizontal support level of 0.0055. This support zone was a 190% point of the previous pampa.
Possible trading options: the price decrease in the internal channel, the prospect of a short position, and the break-up of the main channel, in this case, the position should be opened when the break-up of the upper boundary of the channel is confirmed.
The channel break-down targets can be very optimistic in terms of volume trading zones. See also my trading idea in DASH-USD pair .
Always use Stop Loss and do not use leverage more than x3.
A trader should always have tomorrow.
If you find the information useful, place a liking and sign up so you don't miss anything.
The weekly DASH chart shows the main trend of the instrument - the down trend.
The price is moving in a 150% wide descending channel and even in a falling market it was possible to earn a trade in both directions.
At the moment the price is trading under a trend, after a false break-down of the trend at the beginning of the year. Note how the price feels about the trend, and we see many attempts to break through the external border of the channel. Pay attention to the low vertical volume, which is one of the fundamental signs of a false break-down.
The price has approached the horizontal support level of 0.0055. This support zone was a 190% point of the previous pampa.
Possible trading options: the price decrease in the internal channel, the prospect of a short position, and the break-up of the main channel, in this case, the position should be opened when the break-up of the upper boundary of the channel is confirmed.
The channel break-down targets can be very optimistic in terms of volume trading zones. See also my trading idea in DASH-USD pair .
Always use Stop Loss and do not use leverage more than x3.
A trader should always have tomorrow.
If you find the information useful, place a liking and sign up so you don't miss anything.
Telegram 👉 t.me/+lDtVimAqSH9kNWYy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram 👉 t.me/+lDtVimAqSH9kNWYy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.