Hello Traders!
Today’s chart update will be on DASH which has respected the golden pocket Fibonacci retracement level and is putting in a potential higher low.
Points to consider,
- Bullish Trend
- Fibonacci levels respected (Golden Pocket)
- Stochastics in upper regions
- RSI respecting trend (Bullish Divergence)
- EMA’s cross bullish
- Volume increase required
DASH is putting in a potential new higher low as it tests its up trending line, which has held true at current given time.
Fibonacci levels such as the; .618 & .650 (golden pocket), held true, DASH has bounced of this zone, signalling strong buy pressure.
Stochastics currently in upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI respecting its trend line, diverging from price (bullish divergence), as it makes higher lows whilst the price makes lower lows.
EMA’s crossed bullish, must hold price as support when testing key levels to maintain a bullish bias. Volume needs to increase for follow through, otherwise a fake out will be imminent from current levels.
Overall, in my opinion, DASH will continue this upside potential as long as bull volume comes to fruition whilst the EMA’s acts as support.
What are your thoughts?
Please leave a like and comment,
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee
Today’s chart update will be on DASH which has respected the golden pocket Fibonacci retracement level and is putting in a potential higher low.
Points to consider,
- Bullish Trend
- Fibonacci levels respected (Golden Pocket)
- Stochastics in upper regions
- RSI respecting trend (Bullish Divergence)
- EMA’s cross bullish
- Volume increase required
DASH is putting in a potential new higher low as it tests its up trending line, which has held true at current given time.
Fibonacci levels such as the; .618 & .650 (golden pocket), held true, DASH has bounced of this zone, signalling strong buy pressure.
Stochastics currently in upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI respecting its trend line, diverging from price (bullish divergence), as it makes higher lows whilst the price makes lower lows.
EMA’s crossed bullish, must hold price as support when testing key levels to maintain a bullish bias. Volume needs to increase for follow through, otherwise a fake out will be imminent from current levels.
Overall, in my opinion, DASH will continue this upside potential as long as bull volume comes to fruition whilst the EMA’s acts as support.
What are your thoughts?
Please leave a like and comment,
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee
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Trade with perks & support the community!
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.