Lets look at Dash, a coin which has had massive gains from 2016 to 2018. If i remember correctly this coin went from $4 to $1500 in that period, these values are estimate if i remember correctly but you could check and see for yourself. Now ever since Feb of this year all coins took massive hits including Dash, and what is exciting about this is we have a new opportunity to buy Dash at a cheaper price. So lets take a look at of this coin:
1) Divergence on and on which is a extremely strong indicator of a possible trend change
2) The indicator is showing the DI- falling from above the 40 mark, which also adds to the directional change of this coin and also the line also falls from this 40 mark also adding more strength to the idea
3) The massive breakout from the downtrend with much higher is also extremely important
4) The retracement after this initial breakout has higher lows with lower with more green candle which shows how strong this run might be.
5) You can also the Dash/Usd pair and see for yourself that we have reached the start of the fifth wave of the last price run for dash, this is usually a strong point where downtrend might end, although not always the case just remember that.
Put a stop loss 15% of entry point
In we try to increase the probabilities of success, so be open to new information and being able to adapt to the constantly changing market.