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UnknownUnicorn1063189
Oct 24, 2017 10:05 AM

DASH READY FOR A DASH current 292.72 24Oct17 

Dash / US DollarPoloniex

Description

DASH is getting ready to make a move - which way up or down?

With fib support here the indication is up, but if the support breaks then a nice fall follows.

As it works its way into a corner we will look for more clues as price moves on from here and ride it...

Sean Vengan
10+ Years Professional Trader and Trading Educator

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Comments
summermoon
the performance is going great, should we wait a close on daily for confirmation or buying now is a good idea?
UnknownUnicorn1063189
@summermoon, That's your choice, my friend.

I see no buy signals but you can just buy on Support if you are comfortable thinking support will hold and risking your money.
werapui
Thanks for the idea, it always opens my mind and eyes to see things differently. Sending love from Spain!
UnknownUnicorn1063189
@werapui, That's great to hear, @werapui. Good to hear from you in Espana!
payanizb
sending thanks for the good analysis as always, please keep educating us sir!
UnknownUnicorn1063189
@payanizb, Thank you for your support @payanizb
cycler
I'm going for up, just don't want to enter too high, or get greedy and miss out on the run up. what to do?
UnknownUnicorn1063189
@cycler, We have support here. But the question is will it hold?

This choice is ours and this stage the risk is low.
cycler
@SEAN_VENGAN, I have decided to set buys mid 270s and stops mid 260s with the target at the last high of 350, so it is a low risk trade. Thanks for the chart, it added some clarity to my decision. I might even wait to see if bitcoin manages to get all the way down to 4800 first, and see what this does to the price of everything else, looks like at least 21 hours till we know how low it can go though.
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