DASH Price Action Analysis

in #dash7 years ago

[DASH 4HR CHART]
DASH has been stuck in a trading range for nearly a month now. Its bounced off the low support level and rejected off the high resistance zone. Currently it sits in the middle of the trading range looking to test resistance again.
DASH HR.PNG

[DASH 4HR CHART]
There was also falling resistance and price has broken through with a strong bull candle. Still price sits in the middle range of the overall bigger range channel. Caution should be taken here, as price is stuck in no mans land, its best to trade at the bottom and high of the ranges.
DASH HR2.PNG

[DASH DAILY CHART]
Looking at price on the daily gives us an indication of where price looks to go. Theres still major level of resistance above and price has to break that level, as its been rejected multiple times before. If price fails to break resistance then price action dictates it will probably fall back down the support level at about $140-$150. If price can break out it we can look to prices at about $220-$240.
DASH DAILY.PNG

This not a signal service, nor is it financial advise. You buy and sell as you please.
Plese upvote if you like.
Happy trading folks.

Sort:  

Congratulations @lacr24eem! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got your First payout
Award for the total payout received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @lacr24eem! You received a personal award!

2 Years on Steemit

Click here to view your Board

Do not miss the last post from @steemitboard:

SteemWhales has officially moved to SteemitBoard Ranking
SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @lacr24eem! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!