DASH is fighting around/between 117 - 119 EUR for several days, which is area of previous support/resistance long time ago. DASH/USD chart bellow gives nicer view as it also has more data.
Cypher pattern can be spotted here, as is shown on chart. 300% gain is in play here, so don't expect it will reach point D tomorrow (or ever - future is funny thing :) But DASH is spreading around the globe - the last bigger market was Venezuela, where financial crisis is still ongoing (google for stuff).
Anyway, regarding trade, I'll set it up like:
- entry 118.20 (if it won't come back here, I'm willing to enter at breakout somewhere over 125)
- stop loss at 115, bellow previous low with some space to breath
- targets: for sure I'll take some profit at respective Fib levels from B to C, but let's see how this will turn out
DASH/USD 1D chart for better overview:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Cypher pattern can be spotted here, as is shown on chart. 300% gain is in play here, so don't expect it will reach point D tomorrow (or ever - future is funny thing :) But DASH is spreading around the globe - the last bigger market was Venezuela, where financial crisis is still ongoing (google for stuff).
Anyway, regarding trade, I'll set it up like:
- entry 118.20 (if it won't come back here, I'm willing to enter at breakout somewhere over 125)
- stop loss at 115, bellow previous low with some space to breath
- targets: for sure I'll take some profit at respective Fib levels from B to C, but let's see how this will turn out
DASH/USD 1D chart for better overview:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Comment:
Time to take some profit - 25% of trade closed.
Comment:
Stop loss moved to 140.
Comment:
Current stop loss setup:
Comment:
Stop losses raised again:
Comment:
Another 25% of trade closed at 175.
Trade closed: stop reached:
Last 50% sold with profit at stop loss at 164.
