DASH/BTC is trending downwards .
I project a support and accumulation zone being hit at .6187 From this point I expect a three wave support test, and a subsequent bounce upward with volume towards the resistance cloud. At the .765 mark I expect us to see a three wave test, and move up further into the resistance cloud before distribution takes over and we see a small, low volume turn. This appears to be a clean buy opportunity in a Wychoff "D" phase. Also notable is the clear Elliot Wave progression at this time - but that will be another subject another time, as we're working on Wychoff phases for now.
I project a support and accumulation zone being hit at .6187 From this point I expect a three wave support test, and a subsequent bounce upward with volume towards the resistance cloud. At the .765 mark I expect us to see a three wave test, and move up further into the resistance cloud before distribution takes over and we see a small, low volume turn. This appears to be a clean buy opportunity in a Wychoff "D" phase. Also notable is the clear Elliot Wave progression at this time - but that will be another subject another time, as we're working on Wychoff phases for now.
Comment:
We need to pay attention to the lower support cloud. I'm getting my pennies ready to place a long on DASH. Its slow, stable, easy money.