CrimsonBull

DASH/BTC Supports and Resistances

POLONIEX:DASHBTC   Dash / Bitcoin
DASH/BTC is currently at 0.786 retrace of the last rally.

With RSI nearing the bottom on the daily I expect a stronger bounce to test one of the resistance, either the daily tenken or kijun, or one of the marked red lines.

A breakdown of this fib I could see us retesting sub .04 level. With a drop of about 20% for last support and about 50% for the next support in worse case scenerio.

To break bullish a break above the down trend at about 0.065 level would confirm it, but it would meet heavy daily resistance in the cloud, and could instead provide a better short entry.
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