DASH/USD bounced over the past three sessions, a promising change from the bearish sentiment seen before.
Through November Dash dropped over 65%.
The price however, managed to find a bottom most recently just below $60, within the $57 territory. (the lowest level seen since April 2017)
Given the recent stabilization, it gives the DASH/USD bulls something to capitalize on.
A daily hammer candlestick formed after hitting the $58 territory demonstrated a strong sign of a potential reversal to come. (And we witnessed an upward movement today).
Upside targets:
$81-$89 (supported the price from 25 November -4 December)
Before the 65% drop, the price was comfortably trading around the $150 territory. Should the bulls maintain current course of momentum seen and breach the $81-$89 zone. Then it wouldn’t be too surprising seeing a quick move back pre-November fall levels.
Not a trading advice. Never invest (trade with) money you can't afford to comfortably lose.
Through November Dash dropped over 65%.
The price however, managed to find a bottom most recently just below $60, within the $57 territory. (the lowest level seen since April 2017)
Given the recent stabilization, it gives the DASH/USD bulls something to capitalize on.
A daily hammer candlestick formed after hitting the $58 territory demonstrated a strong sign of a potential reversal to come. (And we witnessed an upward movement today).
Upside targets:
$81-$89 (supported the price from 25 November -4 December)
Before the 65% drop, the price was comfortably trading around the $150 territory. Should the bulls maintain current course of momentum seen and breach the $81-$89 zone. Then it wouldn’t be too surprising seeing a quick move back pre-November fall levels.
Not a trading advice. Never invest (trade with) money you can't afford to comfortably lose.