The longitude of the last recoveries has been about 90% to 100% and 12 to 18 bars. This taken in mind I have drawn a possible trend channel to the next high (circle).
Just before reaching this aim DASH has to break an important resistance: fib retracement 23.6% (568$). Perhaps it´ll break through but then falls back again. This is definitely a profit take zone.
The new positive trend is confirmed by RSI, just crossing the falling trend line (4h-bars). Also MACD is showing positive signs, with blue triggered the signal line and rising (4h- bars).
The only negative trend is coming from volume, which is steadily shrinking.
No trading advice!
Just before reaching this aim DASH has to break an important resistance: fib retracement 23.6% (568$). Perhaps it´ll break through but then falls back again. This is definitely a profit take zone.
The new positive trend is confirmed by RSI, just crossing the falling trend line (4h-bars). Also MACD is showing positive signs, with blue triggered the signal line and rising (4h- bars).
The only negative trend is coming from volume, which is steadily shrinking.
No trading advice!