If we look at the daily chart of Dash, we can see a pennant chart pattern. If the price breaks the resistance line of this pattern, it will be realized as a continuation one. We'll be able to buy based on a breakout signal or place pending orders above 500.00 resistance level. But if we look at 2 important indicators like MACD and DMI, we have to note that their lines climbed on high levels. It tells us about possible correction movement. Also MACD histogram already supports downward movement. If the market breaks the support line of the pennant, we should be ready to see the market falling to the support zone and SMA100. The support zone will be better variant for buying baced on reversal signals.
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The price broke the resistance line of the pennant. It means that this chart pattern is realized as a continuation one. Profit targets should be between 700.00-750.00 level. But if you are not sure that the market can reach these levels, you should fix profit on different levels, starting from the current one.
I know this music - if he says it'll go to $750 then it goes to $900 ;)
Bimbo_Chart
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@without_worries, i see a really huge resistance at 600. Once it's broken (if is the case), there is a free highway to 800
soljainc
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XRP at a low right now
personemail
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If Dlavrov says penant I won't even wait for confirmation. I mean I bought only 2 Dash. I should have bought 4. I have buy orders at $440 that's never visited
personemail
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This is penant pattern. Your strongest pattern. But then you said MACD and DMI is too high already. I have dash and I am setting my sell order at $499. If it continue up where should I sell that?
DLavrov
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@personemail, if the pennant is realized correctly, the profit target should be at 700-750 levels
personemail
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@DLavrov, It is realized correctly. It went up to $499 and then it drops again. But slowly going up. I think I should turn on gunbot.
Matrixdecoding
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@DLavrov, Hi! can you maybe explain how you come to the conclusion that the trade has a target of 700-750?
samdivss
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what's next target sir, please show me new chart
SatoshiNakamoto1
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@samdivss, check his last comment, he says about 700-750$