Technical analysis by ruben_rodrigues about Symbol DASH: Sell recommendation (2/5/2024)

1. Downtrending market in the higher time frames - look for short opportunities. 2. Downtrending market in the daily time frame - look for short opportunities. 3. Descending triangle base pattern being formed since the end of Jan 2024 - the short opportunity. 4. 2 above average sized bearish candles formed at the edge of the triangle - the trigger. 5. No bullish reaction - the trigger. TRADE: 1. Entry: Short at market 2. SL : Buffer for a retest and definite proof the idea is wrong above the upper top of the triangle base - 31.60usd region. 2. Target: Follow the trend. Either a break of structure, a cut and close above the 50 EMA or a EMA crossover as exit trigger. Cheers, RR