Cryptocurrency bill

DASH Chart Pattern: On the Verge of a Possible Breakout

Hey, often you come to know about cryptos when they already went through a long rally leaving very little for you on the table. Or you come to know about it when the rally is already. So, we always keep you posted about stocks and cryptos which are on the verge of a breakout.

Today we have selected the #DASH cryptocurrency chart which we think must be on your radar. The chart pattern is really looking attractive.

Crypto Chart Pattern: DASH Price Prediction

Dash Technical Chart Today

Dash is consolidating for long after steep correction $273 USD to $ 223 for more than 2.5 months. It even touched the low of $144 USD.

On the daily chart, it has recovered significantly since then. As evident from the above chart, the consolidation seems to be coming to over as symmetrical triangle pattern seems to be completed.

The Rate of Change Indicator on both 9 days, 25 days and 45 days is above zero line which shows that momentum strength has started building up.

William’s Alligator lines is looking to converge smoothly and green candles have crossed this convergence of three lines. There is a good possibility that Alligator may wake up and open its mouth, which is a possible signal of price rise.

Also Read: Triangle Chart Patterns: Price Action Trading Analysis  

And most importantly, the Hurst Time Cycle line ( as shown by the white perpendicular line) has also fallen exactly at the place where three seems to be converging exactly at the same place signifying that time has come for a possible breakout.

So, on the Dash Chart, the platform is set and you should be looking for it.

On the hourly chart, #Dash has already given a solid breakout as evident from the chart given below.

I hope you have liked this article. To know more about many other cryptocurrency trading ideas, follow us on Twitter: @vikasjournalist  

Vikash Kumar

An investor with more than 15 years of experience in the market. I m deeply interested in positional and momentum-based trading strategies and love learning strategies and backtesting.

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