DASH is fighting around/between 117 - 119 EUR for several days, which is area of previous support/resistance long time ago. DASH/USD chart bellow gives nicer view as it also has more data.
Cypher pattern can be spotted here, as is shown on chart. 300% gain is in play here, so don't expect it will reach point D tomorrow (or ever - future is funny thing :) But DASH is spreading around the globe - the last bigger market was Venezuela, where financial crisis is still ongoing (google for stuff).
Anyway, regarding trade, I'll set it up like:
- entry 118.20 (if it won't come back here, I'm willing to enter at breakout somewhere over 125)
- stop loss at 115, bellow previous low with some space to breath
- targets: for sure I'll take some profit at respective Fib levels from B to C, but let's see how this will turn out
DASH/USD 1D chart for better overview:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Cypher pattern can be spotted here, as is shown on chart. 300% gain is in play here, so don't expect it will reach point D tomorrow (or ever - future is funny thing :) But DASH is spreading around the globe - the last bigger market was Venezuela, where financial crisis is still ongoing (google for stuff).
Anyway, regarding trade, I'll set it up like:
- entry 118.20 (if it won't come back here, I'm willing to enter at breakout somewhere over 125)
- stop loss at 115, bellow previous low with some space to breath
- targets: for sure I'll take some profit at respective Fib levels from B to C, but let's see how this will turn out
DASH/USD 1D chart for better overview:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Note
Time to take some profit - 25% of trade closed.Note
Stop loss moved to 140.Note
Current stop loss setup:Note
Stop losses raised again:Note
Another 25% of trade closed at 175.Trade closed: stop reached
Last 50% sold with profit at stop loss at 164.
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.
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.