DASHUSDT forming bullish Cypher | A good long opportunity ahead
Priceline of Dash / Tether US is forming bullish Cypher and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 70.07 to 69.10
Sell between: 70.85 to 72.70
Regards,
Atif Akbar (moon333)
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