The end of the retrace? New Bull run incoming?
After blowing up in January 2020, DASH has been underperforming against BTC. It is often hard for an altcoin to consolidate after a 200% increase.
During the past year, DASH retraced almost all its pump and reached a zone of support. This zone is quite apparent. Last time the price broke this zone, it went straight up.
On the other hand, we can draw a resistance trendline (in blue). This line is pushing DASH price down. Once the price breaks this line, it is highly possible to see an uptrend. We identified a few resistance levels we can identify with black horizontal lines.
Our strategy is to buy the breakout of the blue line, or accumulate some DASH in the blue zone, and to sell it when it reaches 0.0098, 0.0115 and 0.0131 btc.
During the past year, DASH retraced almost all its pump and reached a zone of support. This zone is quite apparent. Last time the price broke this zone, it went straight up.
On the other hand, we can draw a resistance trendline (in blue). This line is pushing DASH price down. Once the price breaks this line, it is highly possible to see an uptrend. We identified a few resistance levels we can identify with black horizontal lines.
Our strategy is to buy the breakout of the blue line, or accumulate some DASH in the blue zone, and to sell it when it reaches 0.0098, 0.0115 and 0.0131 btc.
Trade active:
Breakout happened. Who is in?
Comment:
Perfect Retest
