Show cased by Mitch Ray.
Good morning ladies and gents! Dash has been in an overall uptrend since its listing. We are finally at the bottom of that trend where you'd expect price action to reverse. I am in strong belief that come q4 and or early of next year, some of these alts showing daily and weekly bullish divergence will start seeing a reversal in the trend back to the upside. The Gaussian Channel has not turned teal yet! Not good!
We are currently sitting outside of the trend just barely. We haven't seen in follow through price action as of yet and you the main importance here, is we haven't broken critical support yet, but we are currently sitting at it. Breaking it, could be extremely ugly. Their are supports on the smaller time frame, but you have nothing until like $17 from that wick all the way back from our first bull run on the weekly time frame. So, we need to start rallying above the support we are sitting at and get back into that long term trend we have been in or it's going to get real ugly, especially if bitcoin starts getting to lower prices between $6800 and $7400 (7200 being the .618).
I don't think for a long term position, it is a lot safer to take a position where we're at than if we were at the top of the trend.
You are showing Weekly Hidden Bullish Divergence on the weekly MACD as well as Bullish Convergence on the RSI. Stops need to be placed carefully and I recommend having exit targets in play.
Twitter: twitter.com/ChArtworks_TA
If you want to be a loving supporter of me and my "ChArtworks"
$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3
Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg/Ety65Ft
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
Good morning ladies and gents! Dash has been in an overall uptrend since its listing. We are finally at the bottom of that trend where you'd expect price action to reverse. I am in strong belief that come q4 and or early of next year, some of these alts showing daily and weekly bullish divergence will start seeing a reversal in the trend back to the upside. The Gaussian Channel has not turned teal yet! Not good!
We are currently sitting outside of the trend just barely. We haven't seen in follow through price action as of yet and you the main importance here, is we haven't broken critical support yet, but we are currently sitting at it. Breaking it, could be extremely ugly. Their are supports on the smaller time frame, but you have nothing until like $17 from that wick all the way back from our first bull run on the weekly time frame. So, we need to start rallying above the support we are sitting at and get back into that long term trend we have been in or it's going to get real ugly, especially if bitcoin starts getting to lower prices between $6800 and $7400 (7200 being the .618).
I don't think for a long term position, it is a lot safer to take a position where we're at than if we were at the top of the trend.
You are showing Weekly Hidden Bullish Divergence on the weekly MACD as well as Bullish Convergence on the RSI. Stops need to be placed carefully and I recommend having exit targets in play.
Twitter: twitter.com/ChArtworks_TA
If you want to be a loving supporter of me and my "ChArtworks"
$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3
Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg/Ety65Ft
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!