🔥 DASH Channel Break OutRecently, DASH broke out of a horizontal channel in which it has been trading for more than a month. With the current fall of BTC, DASH might be a very decent asset to pick up along the way. It was seeing some great returns lately, so iit might continue that bullish action as soon as BTC recovers.
Since the channel top resistance is now functioning as a strong support, I'm placing the entry there.
Buy: 250 - 230
Target: 275 - 300 - 330
Stop: 215
Happy trading!
DASHUSDT trade ideas
DashAlthough it had a small pull back here being it was over extended. That drop was enough to shoot it to our 265 target! Now we need to see it back test 250. If it can hold 250 area. Even one tap retest of it and go I am going very long
Unfortuently I missed the entry on the 250 breakout this time.
Dash Perpetual Futures Prepare for the 40 % Breakout Dash is currently Trading within a falling wedge
and rejecting at the POC on the 4HR TF .
On the 1D TF we can see clearly whats happening
after ATH was printed we are now moving between
S/R .
I anticipate that we make our way down to
print another LL with support and confluences
at the support line of the wedge with the .786 fib
and the 100 EMA and a
Volume profile match to give us a bounce off the support.
With a close outside of the Resistance for a Long and SL placed
below the last swing low for a potential 40 % gain .
This is determined by measuring the wedge opening .
As demonstrated in the chart ...
Follow and Like For More Setups and or Trading Questions
Dashhhh. All eyes on dashTesting heavy resiatnce. Extremely over extended here but some supports market below mid these levels can hold if it pulls back here I think we can find an excellent entry position. Other wise 250.50 area is an area that needs to break and start closing candles above and consolidate here turning into support and can be geared for a big run
Potential price action DASH.If DASH breaks to the upside of the Symmetrical Triangle, we may expect the price to reach the target of 340.
Remember: when trading the breakout, wait for a breakout confirmation.
Green= Support
Red= Resistance
Disclaimer: this is not trading advice, trade at your own risk.
Feel free to give me a follow if you want to get notified when I publish a new idea.