Dash Time to Buy

Let's look at the daily chart of Dash and try to get an answer on a simple question - how to trade in this market? The price bounces from 600.00 support level. RSI confirms price reversal. MACD histogram is going to support a possible upward movement. If the market forms a new swing low, it can be used for drawing a new uptrend line. If so, buying from this support line will be logical. Also, we have to note that after a breakout above the downtrend line, the market confirmed that the downtrend was over. The market can start a new uptrend or move sideway. In both variants the current levels look interesting for opening long positions. Stop orders can be placed below the local swing low. Profit targets should be the resistance levels like 800.00, 1000.00, 1200.00 and higher.

Alternative variant: if the price drops below 565.00 level, we should be ready to see further falling to 500.00 and 400.00 support levels. This zone will be good for opening long positions based on confirmed reversal signals.