DASH - Bouncing off 2014-15 Support Levels, Ready to Break Out
Couple reasons to like DASH right now.
1) The current price action is in a very large, nearly completed falling wedge and is currently testing overhead resistance
2) The daily and weekly RSI levels are 22-23 which are pretty oversold for the macro time-frames
3) The Stoch RSI is also showing oversold and looks ready for a pop upward
4) The MACD is showing strong bullish divergence and support
5) Price is bouncing off of 2014-2015 support levels
Given the oversold conditions and the bullishness of the indicators, I think the price could move quickly once it breaks out beyond resistance. Buy the breakout and hold on.
1) The current price action is in a very large, nearly completed falling wedge and is currently testing overhead resistance
2) The daily and weekly RSI levels are 22-23 which are pretty oversold for the macro time-frames
3) The Stoch RSI is also showing oversold and looks ready for a pop upward
4) The MACD is showing strong bullish divergence and support
5) Price is bouncing off of 2014-2015 support levels
Given the oversold conditions and the bullishness of the indicators, I think the price could move quickly once it breaks out beyond resistance. Buy the breakout and hold on.