ForecastCity
Long

A trading opportunity to buy in DASHUSD

KRAKEN:DASHUSD   DASH / USD
Technical analysis:
. Dash/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (104.000 to 84.000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (104.000)
Ending of entry zone (84.000)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 139.000
TP2= @ 175.000
TP3= @ 210.000
TP4= @ 280.000
TP5= @ 410.000
TP6= @ 530.000
TP7= @ 640.000
TP8= @ 806.000
TP9= @ 982.000
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Comments

Just was wondering about the stop loss. Aren't we suppose to use it?
+1 Reply
@fxniki, Sure we do. No loss guarantee and stop loss in Trend Hunter Strategy. to read more about it please visit the page down below:
https://www.forecastcity.com/en/node/488
+1 Reply
fxniki ForecastCity
@ForecastCity, Thnaks.
Reply
it's a valuable trading opportunity to buy in DASHUSD. thanks for sharing it.
+1 Reply
@fxniki, You're welcome.
+1 Reply
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