DASH Breakout Target: $1900

Great Reverse Head and Shoulders here on the 4 hour chart.

Very Bullish Pattern

4 hour charts are the best for Crypto Currencies because they give us more pattern recognition than the Daily Chart and less volatile chaotic noise than the 60 minute charts.

A very classic bullish pattern .

If we break out above this 1160 area, which is also the trend line forming the neckline of the Head & Shoulders .

Our targets will be based on the Fibonacci retracements and extensions.

Target 1 (take 25% position) = 1268 / 61.8% retraacement
Target 2 (take 50% position) = 1500 / former all time highs
Target 3 (take 25% position) = 1913 / 161.8% Fibonacci Extension

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Hey there !
How do you analyse this ? is it a false breakout ? head & shoulders pattern is now invalid, I imagine ?
DASHBTC seems still bullish.

I would be interested to have your thoughts on how to debrief a trade that did not turn out as expected (hoped ? :-) ).
Thanks !
@EBMH2012, Yes that pattern is invalid now. It broke out but failed. Right now it is a mess. So we wait until something with defined levels develops. Living in Berlin!
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