A trading opportunity to buy in Dash is near...

6 de jun. de 2018

Technical analysis:
. DASH/BITCOIN is in a downtrend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.

Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0402 to 0.0366). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0402)
Ending of entry zone (0.0366)

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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.0457
TP2= @ 0.0502
TP3= @ 0.0571
TP4= @ 0.0630
TP5= @ 0.0721
TP6= @ 0.0920
TP7= @ 0.0972
TP8= Free