DASHUSDT LONG - 158$ with higher projections
Hello everyone,
key level for Dash here - volatility incoming.
Bias is long due to the strong trend in the last two weeks and heavy accumulation. Very similar to Monero but with a better chart pattern at the moment :)
The Risk-Reward is set for the pattern Take Profit (TP) but if we project using the Fibonacci tool we could end up at 300$!
At the same time, descending triangle with support coming around 100$ is definitely weak as we see the bounces becoming increasingly smaller.
Both arguments are valid from a technical analysis perspective. Which trade are you going to put though?
Watching with a pending put at 104$ - prefer the long bias. Let's see how this plays out.
Take care,
Vlad The Crypto Trader
key level for Dash here - volatility incoming.
Bias is long due to the strong trend in the last two weeks and heavy accumulation. Very similar to Monero but with a better chart pattern at the moment :)
The Risk-Reward is set for the pattern Take Profit (TP) but if we project using the Fibonacci tool we could end up at 300$!
At the same time, descending triangle with support coming around 100$ is definitely weak as we see the bounces becoming increasingly smaller.
Both arguments are valid from a technical analysis perspective. Which trade are you going to put though?
Watching with a pending put at 104$ - prefer the long bias. Let's see how this plays out.
Take care,
Vlad The Crypto Trader
Trade active:
Still active
Let's see what it does here. Should move in unison with ZECUSDT and XMRUSDT which are at the verge of a breakout
Let's see what it does here. Should move in unison with ZECUSDT and XMRUSDT which are at the verge of a breakout
Trade closed: stop reached:
Nope..
