Hello everyone!
I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart.
Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range.
As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range.
It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region.
A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me.
If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
I wanted to provide a quick update and show that DASH has not only broken above its Symmetrical Triangle, but confirmed a close above it, even on the 1 hour chart.
Because the triangle height was roughly $40 and it broke above the triangle at around $252, I expect that DASH will reach somewhere near the $292 range.
As you can see on the chart, this $292 number is pretty important. It used it as support multiple times before breaking through it, and when it did, it practically fell to $232 after a very short consolidation period within the $272-$285 range.
It will be interesting to see how DASH will play with this $292 number, and if it will use it as resistance, or whether it will have the power to rise above and confirm it as a stable support region.
A good area to place a stop loss if desired, may be inside of or below the triangle if you are wanting to go long. Otherwise, this looks like a pretty good setup for me.
If you guys enjoyed this little update, be sure to hit LIKE and SUBSCRIBE for more content. Have a great rest of your night everyone, and as always, be sure to do your own due diligence.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.