DASH is within a very long symmetrical triangle and is slowly arriving at its point.
The course is actually on the bottom line of the mentioned triangle - every move downwards would break the trend and this would be a negative sign.
But the price has also left the positive trend channel. This hasn´t been a very strong trend channel - DASH had broken through its limits more than one time. But at least it has been a positive indicator in the past.
It doesn´t seem that DASH would re-enter the trend channel, so the trend is ended. We have now to focus on the triangle.
A break upwards would indicate a further rise and vice versa.
To the top we find a resistance line at 1.250$ which could be the first aim upwards.
To the bottom the next fib resistance (915$) is near and it seems to be strong. If DASH shouldn´t break it. Place stops there.
indicators:
unfortunately weak - ADX is showing rising momentum but for -DI (negative)
volume is low; so even little trades can manipulate the trend
The course is actually on the bottom line of the mentioned triangle - every move downwards would break the trend and this would be a negative sign.
But the price has also left the positive trend channel. This hasn´t been a very strong trend channel - DASH had broken through its limits more than one time. But at least it has been a positive indicator in the past.
It doesn´t seem that DASH would re-enter the trend channel, so the trend is ended. We have now to focus on the triangle.
A break upwards would indicate a further rise and vice versa.
To the top we find a resistance line at 1.250$ which could be the first aim upwards.
To the bottom the next fib resistance (915$) is near and it seems to be strong. If DASH shouldn´t break it. Place stops there.
indicators:
unfortunately weak - ADX is showing rising momentum but for -DI (negative)
volume is low; so even little trades can manipulate the trend