Dash has been kind of lagging behind in recent days, but has finally made a new top since 19 Feb. That looks extremely bullish to me.
Not only have we successfully back tested yellow descending trend line and made a new top, we have broken through 0.382 fib retr. level. If we manage to break above 0.5 level, we may well consolidate a bit in a 0.618 and 0.786 area before another leg up.
That doesn't mean that we cannot have a small correction from here. We have to be prepared for anything in this market haha.
You have to understand that i am not a financial advisor and non of this is a financial advise. I could be very wrong about all of this.
DASHUSD
Not only have we successfully back tested yellow descending trend line and made a new top, we have broken through 0.382 fib retr. level. If we manage to break above 0.5 level, we may well consolidate a bit in a 0.618 and 0.786 area before another leg up.
That doesn't mean that we cannot have a small correction from here. We have to be prepared for anything in this market haha.
You have to understand that i am not a financial advisor and non of this is a financial advise. I could be very wrong about all of this.
DASHUSDNote
Here you can see a back test of this trend line (yellow)Note
And one from a weekly perspective.
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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.