DASH: 3 Year Down Trend

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What Goes Up, Must Go Down.

DASH has been in a brutal downtrend back down to prices seen in 2015 & 2014. Current candle is near the mid-point of the channel and that tends to form trend pivots. Some interpretations:

Bulls- Strength buyers are looking for a breakout above the channel.

Bear- Panic stink bids at the bottom of the channel.

Swing Traders- Looking for reactions off price action raid levels.

Disclosure. The author does not own any DASH.



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Click Chart to Enlarge

DASH Big Picture View

The ability to wait on the weekly chart:

The second chart is a way to approach larger position trading. The description is on the chart. TLDR, the first Confirmed Reversal print on the Weekly chart should rally into a green bar print.

Daily chart is coming into support zones, and way off its all time high. If a selloff happens then buying any accelerated selling under the channel is a good technical trade. If that does not present itself then momentum buys above the channel and above the black line & above the blue line will be times other traders conditional orders will create upwards momentum.


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