DASH having upward breaks from nested flag resistance lines
DASH has been somewhat boring compared to other Alts the past two months, trading-wise. However, based on this analysis, we might see significant upward movement some time within the next thirty days.
What I see are nested flag formations, two of which have been fulfilled. In those two cases, DASH broke upward and continued longer consolidation into a larger flag, gradually coiling tighter. This analysis is based on the assumption that DASH will continue to break upward out of flags.
Scenario 1: Yellow support line holds strong; expect a significant upward breakout around June 14th - 22nd.
Scenario 2: Yellow support is broken and the price stabilizes beneath it, we're looking to early or mid-July.
If it rises above .075, we could potentially see new ATH.
Use your own brain and when making trading decisions, and diversify properly. I don't know of anyone who's chart analysis track-record is 100%.
What I see are nested flag formations, two of which have been fulfilled. In those two cases, DASH broke upward and continued longer consolidation into a larger flag, gradually coiling tighter. This analysis is based on the assumption that DASH will continue to break upward out of flags.
Scenario 1: Yellow support line holds strong; expect a significant upward breakout around June 14th - 22nd.
Scenario 2: Yellow support is broken and the price stabilizes beneath it, we're looking to early or mid-July.
If it rises above .075, we could potentially see new ATH.
Use your own brain and when making trading decisions, and diversify properly. I don't know of anyone who's chart analysis track-record is 100%.
Comment:
IF price stabilizes below yellow support, be more cautious.
Comment:
Be careful with Dash right now. It has already demonstrated nested flags. It's entirely possible we could be looking at the formation of a new, larger, encompassing flag, in which case it would reverse into downtrend soon.
Caution
Caution