DASH made a new all time high yesterday at 415$ and has now started a correction.
DASH was pushed from 336$ to 415$ in one day. Of course this move was extreme and needs to be consolidated now, but the outlook remains bullish:
If I am correct about this, DASH will knock on the 500$ level later this year. But I also expect a lot of ups and downs which is not easy to trade. I plan to buy some at the level of the green 4 (roughly between 360$ and 320$) and hold it for a few months...
The risk reward ratio is not as good as in some other trades, which is why this is not a priority for me.
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)