Trade Recommendation: Dash

The trading idea is based on a breakout signal above the previous high. DMI and Ichimoku confirm the uptrend. The price is near the possible reversal zone formed by Kijun and 400.00 support level. We should expect that the market will bounce from this zone and start a new upward movement. Entry level is 432.00 with stop orders at 388.00 level. Profit targets are 500.00 and 550.00 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: DASHUSD
Buy: 432.00
Stop: 388.00
Profit Targets: 500.00 and 550.00

The trading signal is based on Poloniex chart.

Disclaimer: The analyst does not have investments in Dash.

Featured image courtesy of Shutterstock. 

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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.