The support of the is in part defined by the head and right shoulder. I expect that once this retest is done we will see a quick move to the 1.618 fib level of the hight of the head, but from there the main thing to observe will be the splitter on the . For price action to behave more bullishly it will have to stay in the upper half of the .
On the 4 hour chart it seems our situation in the purple circles resembles the black circles.
I entered my position on DASHUSD when DASHBTC was on the upward slope of the right shoulder and have a stop loss below the valley of the right shoulder. I want to let this ride a bit more before I move my stop to break even or slight profit. From my entry I hope to be patent and wait for it to pop out of the .
If I see DASHBTC start to make a bull trap like it did against the purple line below that will be a sign for me to close my dashusd trade. Right now things are going smoothly with the initial ascent shown by the blue trendline. As of right now there isn’t even the price action to draw a new purple line for that phase of the uptrend.
A zoom in:
I hope to take some profit of my margin trades at major fib levels and use some surplus on dip buying. A zoom out of dashusd
And just for giggles, here is DASHETH with what appears to be a on a flag pole. Lots of all over the place.