I think we have just come off a 3rd wave completion and are now at the beginning of a 4th-wave consolidation. The $166-$180 range presents a reasonable buy area for the final 5th wave.
I am personally wondering if Dash will break support at 218 and 224. It will try but if it fail, it could continue on up.
pato
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@Dashtothetop, I doubt it will hold. There was barely any volume buying off the bounce at $218, but i have included a bull-side possibility incase that support holds. My take is Dash has to consolidate, so if we do go up, I expect us to come back down very soon after.
Padlomfaan
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@pato, I like your analysis. Heres my take... falling volume to the levels were seeing in my opinion are bullish and will be met with exploding volume. Not sure its entirely relation but this bitcoinsegwit and bitcoincash are going to drive investors into dash very soon, and dash will see trading volume explode to not yet seen levels. I think Dash will see $360 before it see $218... if it ever sees $218 again. There I said it, its on the record. Now we wait and see who's right.
pato
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@Dashtothetop, Thanks, I like your analysis too and cannot write it off. I have a chart on bitcoin that I'm yet to punish as I'm still undecided, but to sum it up, I think we might see another high. Bitcoin cash is also making all-time highs so I don't think people pull out just yet. Dash has plenty of bullish space to fill up so going forward I agree with you entirely, but as for now I'm still inclined to see a consolidation first. On the volume analysis, yea..volume is quite difficult to nail, so you might be right but again I'm sticking to my guns. Here is what I'm looking at with regards to BTC, its not published but here you go. May the best man win. :)
Padlomfaan
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@pato, volume exploding. New ATH's All exchanges are joining this rally. Dash a is very very rare coin that is about to see it moon, perhaps to well over $600-$700
pato
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@Dashtothetop, wow..fair enough..I cant dispute the volume that came in just now. what a move
pato
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@Dashtothetop, i cracked exactly how i got it wrong. you were right. ill post a new chart later today. thanks for the challenge