🚀
$DASH is showing a potential technical setup!
The monthly chart for DASH/USDT highlights a prolonged accumulation base with recent impulsive buying pressure attempting a macro structure breakout.
📈 The Technical Setup:
• The Pattern: Macro range accumulation with potential trendline breakout
• Short-term Target: 98.13 (Fib 1.618)
• Macro Objective: 140.94 (Fib 2.618)
• Market Structure: Accumulation and potential reversal breaking macro resistance
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 45.00 - 55.00
• Resistance: 98.13
• Breakout Level: 71.67
• Stop Loss / Invalidation: 45.00
📊 Confirmation:
• Volume: Visible increase on recent green monthly candle expansion
• Momentum: Strong bullish monthly candle breaking key fib levels
• Trend: Macro consolidation shifting toward bullish trend continuation
⚠️ Invalidation:
A decisive monthly close back below the 45.00 support region invalidates the current bullish structure.
Patience is advised as the asset tests macro resistance levels, waiting for confirmation before full exposure.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
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