Hi guys!
Let's look to DASH, a coin that is in a very strong downtrend since June this year.
The DASH needs to break the 20 EMA, that showed be a resistance and support to it throughout the year.
If close the candlestick above the 20 EMA, we will try a small profit, due to we have the 50 EMA as a second resistance.
The better to consider an entry would be the breakdown of these two averages, so is possible that we will try up to the last top, the region of 59 USDT.
The Stoch RSI does not yet show an overbought, so we can try the breakout, the volume has also been rising, reinforcing a possible breakout attempt above the 20 EMA.
On the daily chart the Stoch RSI still shows room to rise, that is a divergence only in H1.
One more unsuccessful attempt at breaking the average can take us to the bottom again, the 48 USD region.
We must be careful, the DASH comes from a strong downtrend.
Let's look to DASH, a coin that is in a very strong downtrend since June this year.
The DASH needs to break the 20 EMA, that showed be a resistance and support to it throughout the year.
If close the candlestick above the 20 EMA, we will try a small profit, due to we have the 50 EMA as a second resistance.
The better to consider an entry would be the breakdown of these two averages, so is possible that we will try up to the last top, the region of 59 USDT.
The Stoch RSI does not yet show an overbought, so we can try the breakout, the volume has also been rising, reinforcing a possible breakout attempt above the 20 EMA.
On the daily chart the Stoch RSI still shows room to rise, that is a divergence only in H1.
One more unsuccessful attempt at breaking the average can take us to the bottom again, the 48 USD region.
We must be careful, the DASH comes from a strong downtrend.