Chibuike_Odoh

DASHUSDT (DASH) - UPTREND CONTINUATION

Long
BINANCE:DASHUSDT   Dash / TetherUS
ANALYSIS πŸ”Ž
- DASHUSDT brokeout above the falling wedge's (FW-1) resistance and hit a swing high.
- Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level.
- RSI is printing a bullish divergence signal.
- The retracement is bounded in a falling wedge pattern (FW-2).
- A falling wedge pattern is a bullish reversal pattern.
- A breakout above the falling wedge's (FW-2) resistance could be an uptrend continuation signal.

BUY ENTRY ⬆️
- Breakout above the falling wedge's (FW-2) resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
-Breakdown below the falling wedge's support.

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