DASH Chart Pattern: On the Verge of a Possible Breakout?# KUCOIN:DASHUSDT Dash is consolidating for long after steep correction $273 USD to $ 223 for more than 2.5 months. It even touched the low of $144 USD.
On the daily chart, it has recovered significantly since then. As evident from the above chart, the consolidation seems to be coming to over as symmetrical triangle pattern seems to be completed.
The Rate of Change Indicator on both 9 days, 25 days and 45 days is above zero line which shows that momentum strength has started building up.
William’s Alligator lines is looking to converge smoothly and green candles have crossed this convergence of three lines. There is a good possibility that Alligator may wake up and open its mouth, which is a possible signal of price rise.
And most importantly, the Hurst Time Cycle line ( as shown by the white perpendicular line) has also fallen exactly at the place where three seems to be converging exactly at the same place signifying that time has come for a possible breakout.
So, on the Dash Chart, the platform is set and you should be looking for it.
On the hourly chart, #Dash has already given a solid breakout as evident from the chart.
