DASH has been fairly stagnant over the last few days. On several time frames, conditions for a Bollinger Band Squeeze are met.
You can visibly see on the chart that the bands are contracting. Another thing you want to look for is the Bollinger Band Width. On a daily, many look for a 6 month low for the squeeze to be in play.
As this is the 4 hour chart, the equivalent of 30 days would be about the same amount of candles as if it were a daily chart. Interestingly, that last time the Bollinger Band Width was THIS low, was just before the big Crypto run up in late 2017.
I don't know that the same kind of volatility from 2017 will come in just yet....but the probability is increased that some form of volatility can be expected...in either direction, up or down.
You can visibly see on the chart that the bands are contracting. Another thing you want to look for is the Bollinger Band Width. On a daily, many look for a 6 month low for the squeeze to be in play.
As this is the 4 hour chart, the equivalent of 30 days would be about the same amount of candles as if it were a daily chart. Interestingly, that last time the Bollinger Band Width was THIS low, was just before the big Crypto run up in late 2017.
I don't know that the same kind of volatility from 2017 will come in just yet....but the probability is increased that some form of volatility can be expected...in either direction, up or down.
Comment:
shortly after posting this idea, DASH broke bearish on the 8th of June. I liquidated much of my open trades at the first sign of the bear...even unloaded EOS im holding for long term. Hopefully you too were paying attention to the conditions in the market and preserved your capital. Thanks for following!
