Digital Cash playing around in the top of its channel

At the moment we see DASH hanging around near the top of its bull flag channel, so we may see a breakout any day now, especially IF bitcoin makes a huge comeback. However, what i find more likely is one last drop to the bottom of the channel before we start to test new highs. I also believe that the timeframe for bitcoin's rebound fits better with one more drop, meaning I dont feel bitcoin will start a SERIOUS bull trend until DASH has had time to fall one more time.

If the long position shown seems like a low ball, please remember the chart is in log scale as shown

Comment:

Though not enough time has passed to be certain, and with the recent bitcoin price action it makes it hard to see what alts are really doing, BUT it does look like we may be headed for the bottom of the channel, which would be an amazing entry point.

Comment:

We've taken a sharp turn and are headed back up! I won't say we are going to break through the channel and enter a bull run, but I will say that if you're waiting for a good time to get into DASH, don't wait for the bottom of the channel as I don't see it being too likely after all.