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DASH/USDTPERP Potential Upward Movement

DASH/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 210.20, 232.50, 251.10

Key Support Levels: 179.50, 141,40, 140,00

Daily Chart:

The price on the higher time frame succeeded to break the wedge formation to the upside by posting a double bottom formation which reversed the price and moved higher. In addition, the coin managed to break a daily resistance around the 179.75 USDT mark with an engulfing bullish pattern.

DASH/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price found buyers around the 61.80 % Fibonacci retracement level where it is traded now inside a bullish flag formation. We are expecting a lower correction to the highlighted before a new impulsive to the upside in the same direction of the main trend.

Signal Idea:

Buy Limit Order @ 196.525

TP 1 @ 209.875

TP 2 @ 210.20

Stop Loss @ 192.075

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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