DASH/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 210.20, 232.50, 251.10
Key Support Levels: 179.50, 141,40, 140,00
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
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.
Buy Limit Order @ 196.525
TP 1 @ 209.875
TP 2 @ 210.20
Stop Loss @ 192.075
Trade Safely 🙂