Where do we think Dash will go from here?
In our short term group of TF's we can clearly see significant upward pressure as indicated by the fact that the Green MA being higher than the White Energy. The Red RSI & Blue LSMA are also significantly above 50 and have closed such in this group of TF's
- this is clearly reflected by current price action.
But where will Dash go from here?
Looking at the near term group of TF's (1d, 2d, 3d & 4d).
In the daily we can see that the Red RSI closed above 50 (52.82) this is normally sufficient to indicate upward pressure, but we prefere to close above 56 - it is currently 62.87 with 11 hours left in this daily candle. Today we have seen a high volume pump and the White Energy has turned back up. Ideally we want to see the Green MA above the White Energy, this could easily develop. The Blue LSMA has crossed above 50 and we can see the resulting expanding of the Bollinger Bands making way for higher price action.
In the 2d the White Energy is also currently above the Green MA, however, the Green MA has moved up strongly with the Energy, this is a good sign. The Red RSI and the Blue LSMA have also turned up and as the Blue LSMA approaches 50 we can see the Bollinger Bands also expanding in this TF.
In the 3d, the Green MA has gone up strongly with the Energy, the Red RSI & Blue LSMA have made contact with the Green as it rises & the Red RSI has closed in this state. As a result the White Energy has crossed above 50. The Green MA is higher than the White Energy indicating bullish sentiment in this TF. We would like to see the Red RSI close above 56 ideally, (but generally 50 will suffice).
In the 4d, the Green MA is significantly higher than the White Energy. During the previous candle the Red RSI made contact with the Green MA as it went up - and as a result we can see the White Energy has just crossed above 50 and we can see the Red RSI is above 50. Again this all indicates upward pressure in this TF.
In the Mid Term group of TF's (3d, 6d, 9d & 12d) The Green MA is higher than the White Energy in all these timeframes reflecting solid bullish sentiment. The White Energy in the 3d has crossed above 50 in the 3d as expected due to the Red RSI making contact with the Green MA during the previous candle. In the 6d the Red RSI has made contact with the Green MA as it rises. If we close in this position in 2d & 11h we are likely to see the White Energy cross above 50 on the next candle. The Blue LSMA has also made contact with the Green MA as it rises and is trending above 50 - also bullish. In the 9D the Green MA has turned up and the Red RSI and Blue LSMA have already closed above 50. We also see similar indicators in the 12D.
In my opinion we can expect upward pressure at least until the White Energy approaches 50 in the 3D.
This is not financial advice but just my opinion that upward pressure is likely to continue. We will have a better idea in 2 days and 11 hours when the current candles close in 3d, 6d, & 12d
Trade safe
aBL
Short Term
Near Term
- this is clearly reflected by current price action.
But where will Dash go from here?
Looking at the near term group of TF's (1d, 2d, 3d & 4d).
In the daily we can see that the Red RSI closed above 50 (52.82) this is normally sufficient to indicate upward pressure, but we prefere to close above 56 - it is currently 62.87 with 11 hours left in this daily candle. Today we have seen a high volume pump and the White Energy has turned back up. Ideally we want to see the Green MA above the White Energy, this could easily develop. The Blue LSMA has crossed above 50 and we can see the resulting expanding of the Bollinger Bands making way for higher price action.
In the 2d the White Energy is also currently above the Green MA, however, the Green MA has moved up strongly with the Energy, this is a good sign. The Red RSI and the Blue LSMA have also turned up and as the Blue LSMA approaches 50 we can see the Bollinger Bands also expanding in this TF.
In the 3d, the Green MA has gone up strongly with the Energy, the Red RSI & Blue LSMA have made contact with the Green as it rises & the Red RSI has closed in this state. As a result the White Energy has crossed above 50. The Green MA is higher than the White Energy indicating bullish sentiment in this TF. We would like to see the Red RSI close above 56 ideally, (but generally 50 will suffice).
In the 4d, the Green MA is significantly higher than the White Energy. During the previous candle the Red RSI made contact with the Green MA as it went up - and as a result we can see the White Energy has just crossed above 50 and we can see the Red RSI is above 50. Again this all indicates upward pressure in this TF.
In the Mid Term group of TF's (3d, 6d, 9d & 12d) The Green MA is higher than the White Energy in all these timeframes reflecting solid bullish sentiment. The White Energy in the 3d has crossed above 50 in the 3d as expected due to the Red RSI making contact with the Green MA during the previous candle. In the 6d the Red RSI has made contact with the Green MA as it rises. If we close in this position in 2d & 11h we are likely to see the White Energy cross above 50 on the next candle. The Blue LSMA has also made contact with the Green MA as it rises and is trending above 50 - also bullish. In the 9D the Green MA has turned up and the Red RSI and Blue LSMA have already closed above 50. We also see similar indicators in the 12D.
In my opinion we can expect upward pressure at least until the White Energy approaches 50 in the 3D.
This is not financial advice but just my opinion that upward pressure is likely to continue. We will have a better idea in 2 days and 11 hours when the current candles close in 3d, 6d, & 12d
Trade safe
aBL
Short Term
Comment:
Just to say that what we can see potentially with the Bollinger Bands there is a good chance for continuation of parabolic price action
Comment:
A quick update on current position
In the 90m the Energy is higher than the Green MA and the Red RSI & Blue LSMA have made contact with the Green as it falls. If it closes like this in 5m we will see the Energy fall below 50 which normally would indicate a dip. However, the Red RSI bounced off 50 and is currently turning up, also the Green is higher than the Energy in the 3h and the Red RSI and Blue LSMA have made contact with the Green as it rises. On this basis I would guess that the downward pressure would be for a short period only. The Green MA in the 6h looks like it is likely to move up and to the side allowing the Energy to fall below and the Blue LSMA looks like crossing above 50 indicating that the Bollinger Bands are likely to expand. We could see the price action to move up to the Aqua/Orange as it does so. The Green is higher than the Energy in the 12h and the Red RSI & Blue LSMA have made contact with it as it rises which is also bullish.
Short Term
In the near term - the daily - Red RSI is above 50 and Green is above Energy which is bullish, however we would want to see the Green higher than the Energy in the 1d,2d,3d too to support a case for reversal to sustained upward pressure.
Near Term
In the 90m the Energy is higher than the Green MA and the Red RSI & Blue LSMA have made contact with the Green as it falls. If it closes like this in 5m we will see the Energy fall below 50 which normally would indicate a dip. However, the Red RSI bounced off 50 and is currently turning up, also the Green is higher than the Energy in the 3h and the Red RSI and Blue LSMA have made contact with the Green as it rises. On this basis I would guess that the downward pressure would be for a short period only. The Green MA in the 6h looks like it is likely to move up and to the side allowing the Energy to fall below and the Blue LSMA looks like crossing above 50 indicating that the Bollinger Bands are likely to expand. We could see the price action to move up to the Aqua/Orange as it does so. The Green is higher than the Energy in the 12h and the Red RSI & Blue LSMA have made contact with it as it rises which is also bullish.
Short Term
In the near term - the daily - Red RSI is above 50 and Green is above Energy which is bullish, however we would want to see the Green higher than the Energy in the 1d,2d,3d too to support a case for reversal to sustained upward pressure.
Near Term