DASHBTC 1D - Potential Cup and Handle forming
THe current status of DASHBTC is an uptrend. It looks like an entry is not to far in the future if a bottom entry was missed. It appears to me that a C&H is forming on the 1D chart. Watch for either a handle confirmation, or even a potential breakout... This is crypto after all. Fundamentally DASH is known to be active in parts of the world where economic turmoil and inflation is great.
Spectro M is showing an Up Confirmation for the price action, as well as the Spectro Ultimate Trend Analyzer - UTA (Bottom most indicator) showing the early stages of a confirmed trend upward. Volume on Spectro O (indicator 2nd from bottom) appears to be flat lining near the median line on the BB Fibo and is teetering on a 1H reversal, if it doesn't break out early. My thought given this information is that we may see a small reversal, followed by a breakout (handle).
Analysis by AlchemistLA
Spectro M is showing an Up Confirmation for the price action, as well as the Spectro Ultimate Trend Analyzer - UTA (Bottom most indicator) showing the early stages of a confirmed trend upward. Volume on Spectro O (indicator 2nd from bottom) appears to be flat lining near the median line on the BB Fibo and is teetering on a 1H reversal, if it doesn't break out early. My thought given this information is that we may see a small reversal, followed by a breakout (handle).
Analysis by AlchemistLA
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