DASH has been trading inside a multi-year descending channel since early 2021. After several rejections from the upper boundary, the price has finally shown a strong breakout with a massive weekly candle, signaling potential trend reversal.
Key Points:
- Price has clearly broken out from the upper trendline of the descending channel.
- Strong buying volume supports the breakout confirmation.
- Historical volume profile shows a major liquidity gap above $70, suggesting room for a fast move once the price holds above the breakout zone.
🔷 Entry Zone: Below $70
🔷 Stop Loss: Below $38
🔷 Target: $400–470 (long-term potential)
Conclusion:
A confirmed breakout from a long-term descending channel could mark the beginning of a major uptrend for DASH. Sustained momentum above $70 may attract more volume and push the pair toward higher resistance zones.
Cheers
Hexa
DASH 
DASHUSDT
Key Points:
- Price has clearly broken out from the upper trendline of the descending channel.
- Strong buying volume supports the breakout confirmation.
- Historical volume profile shows a major liquidity gap above $70, suggesting room for a fast move once the price holds above the breakout zone.
🔷 Entry Zone: Below $70
🔷 Stop Loss: Below $38
🔷 Target: $400–470 (long-term potential)
Conclusion:
A confirmed breakout from a long-term descending channel could mark the beginning of a major uptrend for DASH. Sustained momentum above $70 may attract more volume and push the pair toward higher resistance zones.
Cheers
Hexa
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
