DASHEUR trade ideas
DASH pushing for 650EURBased on the two previous all time highs (September; June), DASH is expected to go all the way and a bit above the Fib 2.00 level. This is also shown buy red line.
After DASH had a short retracement until the Fib 0.5 level, it now surpassed the 0.618 and seems to go strongly.The brokage of a possible dubble top is a good point to buy in and to ride the third Elliot wave.
Expected resistance at 522EUR (Fib 1.00). Afterwards around 652 (Fib 1.618) which could possibly be end of wave 3 and can lead to pullback and another buy in point.
The MACD indicates a strong upwards trend with quite some volume. The RSI indicates an oversold position which could result in a small selloff possible at the 522EUR level.
DASHEUR - got to go somewhereWe are in descending triangle now. If it will manage to break above 250, we can target 298 and 335.
On downside there is support between 192 and 180.
DASH touches 100 MA and ready to move up.As DASH touched the 100(D) MA, which in turn was also the FIB 0.618 level, it might break which seems a long bullish flag pattern.The two most recent (longterm) upward movements were stimulated by the 100(D) MA as is displayed by the arrows on the chart.
If DASH can break the FIB 0.5 level (251), this would mean a break of the bullish flag pattern with a possible next resistance level at FIB 0.382 (265). Strong resistance can be expected at 265 as it has been resistance 3 times already.
the MACD indicates a change of direction soon (upwards) while the RSI is hovering in the middle.
Advice: wait for DASH to break the FIB 0.5 and therefore break the bullish flag pattern.
DASHEUR - like Russian Babushka ;)These triangles remind me a bit on Russian Babushka - you know, little wooden doll inside a little bit larger, inside a little bit larger etc. :)
Let's just monitor this market, breakout through current triangle limits and support or resistance could lead us to levels, marked on chart for both scenarios.
DASHEUR : Bearish Trend ReversingPossible bearish trend reversing on DashEur.
Please be careful with your money management
DASH opportunityAs we can see Dash is on a nice breakout of it's short-term downtrend. With the MACD sending a buy signal, it's a good opportunity to buy.
