oldstout

Dash descending triangle apex?

POLONIEX:DASHBTC   Dash / Bitcoin
Watching Dash. If it won't go now with bigger downward move below 0.0187, descending triangle will end up next ~2 weeks. What's next? I have no idea, I'm neutral od Dash now and I recommend to wait. 200ema on 4h acting now like support (or should act as a support like before). Good luck.
Comment: Dash is going lower than 0.0187, if it won't bounce ASAP, it is breaking down from triangle. I see small chances for Dash now to go to triangle and go up from there.
Comment: I see consolidation between 2 lines and bull or bear ending, If bear we'll see it faster than bull which should be slowly and lazy uptrending.

Good luck experimenting but I don't think it's a good idea to use 100 and 200 EMAs. On such long ranges, I found simple MAs to work better in determining the level of major pullbacks/retracements.
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looks like these days it's good time to drop back to 0.014-16 levels
+1 Reply
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