by Seth Parker on April 23rd, 2018

Dash – Breakout of the 400 USD gave us a buy signal

OK, now time for something pretty hot. Dash seems like a good buying deal at the moment. Again, you should not be surprised as we warned about that before. To be precise, in our last piece about this crypto written on the 17th of April. A quick reminder:

“Sentiment is positive no doubts about that but there is no buy signal here yet. For that, from the technical point of view, we need to see the breakout of the 400 USD resistance first. Chances for that are now much higher then few days before when we wrote our last piece about this crypto. „

Dash Chart

The 400 USD got broken on the last Wednesday and that is precisely a day, when the buy signal was triggered. Was it a good one? It depends if you consider making over 20% profits in few days ‘a good trading signal’. For us, that is pretty sweet.

All major resistances are now broken. In theory, that opens us a way towards the new mid-term highs. That being said, we are confirming a buy signal here and look for a further upswing in the forthcoming days.

By Seth Parker

Seth is a professional trader with over 10 years of experience. He specializes in the technical analysis. His main focus is on the pure Price Action. In his trading, Seth used the trends, supports and resistances and technical formations. Always, the most important thing in his strategy is the money management. Seth reached a proficiency in trading and for the past three years is doing that for a living enjoying the sun and lovely beaches of the Spanish coast.

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