$DASH
/USDT Prediction for Technical Analysis and Trade Signals đ đŻ
Current Price: $55.84
Momentum: Strong bullish momentum with a 46.56% 24-hour gain, trading above the upper Bollinger Band.
Key Indicators
1. Bollinger Bands:
Price above the upper band ($55.45), indicating potential overbought conditions.
2. SAR (0.02, 0.2):
SAR at $51.26, confirming an ongoing uptrend as it remains below the price.
3. Volume:
High 24h volume ($47.56M USDT), signaling strong market interest and sustained momentum.
Trade Signal
Bias: Bullish
Entry Zone: $54.50 - $56.00 (on retracement or continuation).
Target Levels đŻ
1. Target 1 (Short-Term): $58.50 (Recent breakout level and Fibonacci 1.618 extension).
2. Target 2 (Mid-Term): $62.00 (Psychological level and historical resistance).
3. Target 3 (Long-Term): $65.00 (Major resistance, aligned with Fibonacci 2.618 extension).
Stop-Loss: $51.00 (below SAR and Bollinger middle band).
Trade Momentum
Bullish Confirmation:
Price sustains above $55.45 (Bollinger upper band).
Volume continues to rise.
Potential Pullback:
Look for a retracement to $53.11 (Bollinger middle band) before resuming the uptrend.
Strategy
1. Buy on Breakout: Enter if price breaks above $56.05 with strong volume.
2. Buy on Retracement: Accumulate near $53.50-$54.50 with a stop at $51.00.
3. Monitor Momentum: If price nears the targets with declining volume, secure profits.