Hello all,
It has been a while for me to update Dash against the euro. However there seems to be an exciting (short/mid term) opportunity ahead.
As Dash consolidates further into the end of the triangle, it could break in two different ways.
Red bear line: if we break the triangle bearish, expect fall back until at least 454 euro
However, I think Dash will break through bullish based on several reasons.
1. If it is the first bullish wave after correction,most likely we will see 5th wave.
2. RSI is in favor of bulls
3. MACD mouth is open (in bullish way)
First bullish target; 602 euro
Second bullish target; 660 euro
It has been a while for me to update Dash against the euro. However there seems to be an exciting (short/mid term) opportunity ahead.
As Dash consolidates further into the end of the triangle, it could break in two different ways.
Red bear line: if we break the triangle bearish, expect fall back until at least 454 euro
However, I think Dash will break through bullish based on several reasons.
1. If it is the first bullish wave after correction,most likely we will see 5th wave.
2. RSI is in favor of bulls
3. MACD mouth is open (in bullish way)
First bullish target; 602 euro
Second bullish target; 660 euro
Trade active
Dash broke bearish from the triangle. And how!
Buying opportunities as Dash hit exactly the golden zone. Be ware for further drops until fib 0.786
Trade closed: target reached
Fib 0.786 reached, short straNote
shot straight up after. I believe some sideways trading would be good for Dash in order to build a solid base.
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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.
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.