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TradingShot
Oct 29, 2019 12:22 PM

DASHUSD One last drop before the new Bull. 

Dash / US DollarBittrex

Description

Nothing fancy here. We see that DASH has been declining on a Channel Down since the June peak. Clear Lower Highs and Lower Lows directed by the 1D MA50.

Noticeably the Lower Lows are symmetrical with the Higher Lows of the January - June uptrend. And quite surprisingly the Higher Lows have been on an RSI bearish divergence while the current Lower Lows on a bullish. This makes me believe that there is one last dip pending before DASH breaks towards a new High for good.
Comments
cardan6006
Good luck
TradingShot
@cardan6006, Getting closer to our target!
cardan6006
broken?
TradingShot
@cardan6006, The symmetrical level yes but it is as good of a long term buy entry as any. I am long here.
ceesounds
@TradingShot, Just converted 40 Eth to Dash. Weekly RSI just dipped oversold for the first time and that was enough for me. Good luck gentlemen.
TradingShot
@ceesounds, Good job! It is close now!
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