No Man's Zone for DASH - No longs, tight if quick short
DASH is a bunch of mixed signals right now. I will not be going long here.
Why: 200 SMA breached. .786 broken with a move to around 500 in the cards.
Going short then for a quick trade? I'd hold off on that too.
Why: Price at pitchfork support. Additional multiple swing .618 and 1.27 target levels present at 530-510.
I do think price will drop another 15+ from here, but there's not a super place for putting one's stops, and the risk:reward isn't that hot.
So I'd wait 2-3 more days and reconsider a long position if price moves past the 200sma and discussed Fib targets were touched.
Why: 200 SMA breached. .786 broken with a move to around 500 in the cards.
Going short then for a quick trade? I'd hold off on that too.
Why: Price at pitchfork support. Additional multiple swing .618 and 1.27 target levels present at 530-510.
I do think price will drop another 15+ from here, but there's not a super place for putting one's stops, and the risk:reward isn't that hot.
So I'd wait 2-3 more days and reconsider a long position if price moves past the 200sma and discussed Fib targets were touched.
Yorum:
Downside Target already hit, if quick trade implemented.