ninjacookies
Long

Dash looking poised for a breakout of longterm downtrend. *LONG*

POLONIEX:DASHBTC   Dash / Bitcoin
After a good half year of continuous decline, Dash is starting to show indications that an impending bullish reversal may be in the cards.

- bull divergence on the 1 day
- double bounce off long term trendline
- ttm squeeze showing possible incoming market reversal

It's nearly do or die time for Dash, as a break below that support line and virtually no support lies beneath.

Be mindful if margining Dash long, as Dash is has shown itself to be susceptible to flash crashes recently that wipe out open positions in the course of a few minutes. Extremely volatile.

Buy orders should be placed at a clean break of the descending resistance line.

An even stronger and safer entry would be at a clean break of the 100ema (indicated with the blue line)

Early entries should place their stop loss at the indicated dotted red line.

Be mindful of bitcoin and it's price movement, as it tends to trickle down to the rest of the market.
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