Dash found the support at $260, that has been rejected at least 3 times. On the 7th of November, it finally managed to break above the downtrend trendline as well as 200 Moving Average indicating it's intentions to change the direction, from sideways to up.
DASH/USD started to produce higher highs and higher lows, adding extra confirmation that it might be ready to continue rising. The support is now based at $300 psychological round number that could be tested again before Dash goes up.
The nearest upside target is seen at 127.2% Fibonacci retracement at $410, while the next one at 161.8% Fibs at $450. Only a daily close below $260 would invalidate this outlook and could send Dash lower.
DASH/USD started to produce higher highs and higher lows, adding extra confirmation that it might be ready to continue rising. The support is now based at $300 psychological round number that could be tested again before Dash goes up.
The nearest upside target is seen at 127.2% Fibonacci retracement at $410, while the next one at 161.8% Fibs at $450. Only a daily close below $260 would invalidate this outlook and could send Dash lower.
Trade closed: target reached:
Comment:
Broke above the upside target, here how far it can go
