Dash breaks long term trend line and tests Ichimoku Cloud
On this weekly log chart we can see Dash has just broken above the long term trendline shown by the long lime green line. Dash is also testing the top of the Ichimoku Cloud on this weekly log chart shown where the red down arrow is. The EMA 8 is now above the MA 21 and EMA 34 and is about to cross the EMA 55 on the weekly chart. Dash itself is trading above all the EMA and MA indicators shown.
The red horizontal lines show major support and resistance.
The Fibonacci retracement indicator shows that Dash has broken above the 0.618 level and tested the 0.786 level. Dash could get to the 1.272 or the 1.618 level.
The LMACD is now above 0.
On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.
On the daily chart below Dash broke the long lime green trendline and then retested it with a strong bounce.
What I am looking for is Dash to break and confirm above the Ichimoku Cloud on the weekly chart and also to break above the red line on the LMACD on the daily chart. Also Dash to break the 0.786 fib level at around $115.28
If Dash can break these barriers it should at least get to the $166 to $175 region, depending on what BTC does the next few weeks obviously....
If Dash rejects these levels it should retest the lime green trendline again on the weekly chart.
Overall the charts look highly bullish.
Happy trading legends!
HTBB
Donations via TradingView coins will enable me to post more of my analysis with more information. Thanks in advance if you are a legend who donates.
The red horizontal lines show major support and resistance.
The Fibonacci retracement indicator shows that Dash has broken above the 0.618 level and tested the 0.786 level. Dash could get to the 1.272 or the 1.618 level.
The LMACD is now above 0.
On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.
On the daily chart below Dash broke the long lime green trendline and then retested it with a strong bounce.
What I am looking for is Dash to break and confirm above the Ichimoku Cloud on the weekly chart and also to break above the red line on the LMACD on the daily chart. Also Dash to break the 0.786 fib level at around $115.28
If Dash can break these barriers it should at least get to the $166 to $175 region, depending on what BTC does the next few weeks obviously....
If Dash rejects these levels it should retest the lime green trendline again on the weekly chart.
Overall the charts look highly bullish.
Happy trading legends!
HTBB
Donations via TradingView coins will enable me to post more of my analysis with more information. Thanks in advance if you are a legend who donates.
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