Time Frame: 4hr
Predicted Direction: N/A
Live DASH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
Currently for me price is providing no support, once we see some shake up over this week i will do my best to update the setup once more.
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A fall from 10.4k to 5.8k in 5 days is just too much. This is not one coin, this is an established market. Do expect some recovery, but we may see either a double bottom at 5.8k or we go down a bit more around 15:00 UTC.
Can you please comment if the number of contacts on the trendlines (4 top, 2 bottom) change the probability for possible direction?
On this occasion a break in either direction is possible.