$DASH : considering an upside move after a breakout from the narrowing range
On the hourly chart, the price is compressing inside a descending wedge—a pattern whose upper and lower boundaries gradually converge. A potential accumulation range is visible inside it. On the daily chart, the 200-day moving average provides additional support: based on closed Binance Spot candles, it is around 43.01.
For a buy, we’re waiting for a break above the upper boundary of the hourly wedge, followed by a retest from above and a buyers’ reaction. Simply trading near 46.79 does not provide this confirmation.
The nearest price target if the move continues upward is 50.41. On the hourly timeframe, the next targets are 53.36 and 55.80; the more distant target for the daily scenario is 58.68. These are different time horizons, not a promise that all levels will be reached in a single impulse.
A loss of the lower part of the hourly range, around 44, would require revising the local plan. For the daily scenario, a separate invalidation condition is a close below the 200-day moving average. These conditions should not be combined into one general stop.
For now, we’re considering preparations for a possible breakout. There is no confirmed new entry.
#DASH #BTC #AVAX
On the hourly chart, the price is compressing inside a descending wedge—a pattern whose upper and lower boundaries gradually converge. A potential accumulation range is visible inside it. On the daily chart, the 200-day moving average provides additional support: based on closed Binance Spot candles, it is around 43.01.
For a buy, we’re waiting for a break above the upper boundary of the hourly wedge, followed by a retest from above and a buyers’ reaction. Simply trading near 46.79 does not provide this confirmation.
The nearest price target if the move continues upward is 50.41. On the hourly timeframe, the next targets are 53.36 and 55.80; the more distant target for the daily scenario is 58.68. These are different time horizons, not a promise that all levels will be reached in a single impulse.
A loss of the lower part of the hourly range, around 44, would require revising the local plan. For the daily scenario, a separate invalidation condition is a close below the 200-day moving average. These conditions should not be combined into one general stop.
For now, we’re considering preparations for a possible breakout. There is no confirmed new entry.
#DASH #BTC #AVAX