DASH/USDT has formed a nice pennant on the 1H chart, which is often an indication for a strong move to either side.
Which side DASH will move onto will be totally dependent on Bitcoin. Bitcoin seems to be edging up for the moment, but that could change on a moment's notice.
My advice on trading this wedge would be to wait for the price to break the confirmation line, ideally on a higher time frame. This way you can ensure yourself that the break-out of the wedge is not a fake-out.
I've marked a potential target on either side, see the Support and Resistance lines. Do your own DD and happy trading!
Which side DASH will move onto will be totally dependent on Bitcoin. Bitcoin seems to be edging up for the moment, but that could change on a moment's notice.
My advice on trading this wedge would be to wait for the price to break the confirmation line, ideally on a higher time frame. This way you can ensure yourself that the break-out of the wedge is not a fake-out.
I've marked a potential target on either side, see the Support and Resistance lines. Do your own DD and happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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