DASH making a DASH back to the starting line??
DASHUSDT
I’m seeing a potential further drop for DASHUSDT here.
We have failed to break above the 50 line within the current downtrend channel and are currently sitting around support.
What concerns me is that this level has often lead to a change in direction multiple times in the past and lead to a fairly decent long run, however, these runs have been getting shorter and short every time. So in that case, has dash made it’s final dash…?
The long out of this zone in the past has been fairly instant but the moment we haven’t seen any bulls come in to save the day within the last 24 hours so this leads me to maintain a bearish bias on this one.
I want to see a break of support and retest which clear the wicks to the left before I open up a short back to previous structure for a possible 8% market move.
I’m seeing a potential further drop for DASHUSDT here.
We have failed to break above the 50 line within the current downtrend channel and are currently sitting around support.
What concerns me is that this level has often lead to a change in direction multiple times in the past and lead to a fairly decent long run, however, these runs have been getting shorter and short every time. So in that case, has dash made it’s final dash…?
The long out of this zone in the past has been fairly instant but the moment we haven’t seen any bulls come in to save the day within the last 24 hours so this leads me to maintain a bearish bias on this one.
I want to see a break of support and retest which clear the wicks to the left before I open up a short back to previous structure for a possible 8% market move.