Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00857). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHBTC is in a range bound and the beginning of uptrend is expected.
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.01018
TP2= @ 0.01305
TP3= @ 0.01655
SL= Break below S2
. There is a possibility of temporary retracement to suggested support line (0.00857). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHBTC is in a range bound and the beginning of uptrend is expected.
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.01018
TP2= @ 0.01305
TP3= @ 0.01655
SL= Break below S2