DASH
DASH looks to have bottomed inside a strong support zone, and also formed a smaller head and shoulders. The H&S is not the prettiest set up, but the main points of the head and shoulder individually do match up. The major resistance I expect is at the short term resistance in which we previously saw a major rejection and strong green candle burnout on the daily chart. I expect the 200 MA at T1 of 8580 to be hit and broken followed by another attempt at the short term block. This is located at the main target T2 of 9580 sats. I recommend to take profit here and wait for a cool down / retrace back towards 200 MA to see if this can hold as a new support. DASH is reaching overbought exhaustion on indicators, so keep in mind this last pump up should overextend buyers and cause a fall back quite quickly. Take profit accordingly!
Possible entries: 7920-7980 sats
DASH looks to have bottomed inside a strong support zone, and also formed a smaller head and shoulders. The H&S is not the prettiest set up, but the main points of the head and shoulder individually do match up. The major resistance I expect is at the short term resistance in which we previously saw a major rejection and strong green candle burnout on the daily chart. I expect the 200 MA at T1 of 8580 to be hit and broken followed by another attempt at the short term block. This is located at the main target T2 of 9580 sats. I recommend to take profit here and wait for a cool down / retrace back towards 200 MA to see if this can hold as a new support. DASH is reaching overbought exhaustion on indicators, so keep in mind this last pump up should overextend buyers and cause a fall back quite quickly. Take profit accordingly!
Possible entries: 7920-7980 sats