humorous analysis:
DASH has recovered from ~280$ to about 560$ - a doubling in three weeks.
After this rush it entered a bullish flag or a symmetrical triangle - where it is now not far away from the end.
The question is: will the snake bite (go up) or will it creep away (go down)?
RSI is in bullish terrain but under the falling trendline. To give positive signes it should break this line to the top.
ADX: DI´s both in negative zone, with DI+ gives a little positive trend and is above DI-
If the snake bites the next aim should be the last high at 560$ (2 fib retracements)
If it tries to creep away a testing of the fib retracement 78.6% (downtrend) at 381$ is also possible
So watch the toung of the snake - up - or don?
DASH has recovered from ~280$ to about 560$ - a doubling in three weeks.
After this rush it entered a bullish flag or a symmetrical triangle - where it is now not far away from the end.
The question is: will the snake bite (go up) or will it creep away (go down)?
RSI is in bullish terrain but under the falling trendline. To give positive signes it should break this line to the top.
ADX: DI´s both in negative zone, with DI+ gives a little positive trend and is above DI-
If the snake bites the next aim should be the last high at 560$ (2 fib retracements)
If it tries to creep away a testing of the fib retracement 78.6% (downtrend) at 381$ is also possible
So watch the toung of the snake - up - or don?