Quick plot to map nearby Support and Resistance zones.
Dash was introduced to Coinbase, and like most intro's it has been dropping since. Coming next are 2 rather important support zones where Bulls should be waiting. If the Bulls are not to be found at either of these zones, then it will go much lower.
88.5x should have strong support due to "Confluence of 3" fibs. 85.xx is Bulls Last Stand, below which it could cascade below 80.00 100.00 is the obvious resistance, lots of fibs PLUS the round number.
NOTE: this chart is Dash vs Tether (could be slightly different and USD ratio).
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Here we are, at the first possible bounce point. And bounce it did, only to spike back down. But the reaction shows some relevance to each of the fibs. If a bounce develops, then I will start measuring that new wave for adjusted targets.
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Zoomed way in (8 min candles) the bounce was there, but way too small thus far. If the price stays on this support for some time, perhaps buyers will step up. But realistically I am going to be looking for the next support below.
Dash is a great coin. Only problem is its losing popularity. They need to advertise more :)
EuroMotif
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@i8myapl, Agreed.
It seems a lot of the "original" alts are not getting much respect.
People seem to be chasing the new pump and dumps.
But the fact that Dash is anywhere near $100 says a lot....