Scalping with an eye on support break-out.

2018年7月31日

DASH is trading sideways since June 11 with 282.4688 as the Resistance and 210.5683 the Support. It has consolidated for too long to expect any rise meeting the Fibonacci retracement levels of the previous price increase on the 1W bearish channel (RSI = 38.588, MACD = -77.570, Highs/Lows = -46.2601, B/BP = -102.0069). As a result we will be scalping this range for as long as the R/S hold. The 165.3263 Low should break on the medium term and when it does we will short with TP = 100.21.