Implications and Outlook
1. The rebound momentum of Dash coin following a Coin Dip completion $281 has created mini Coin Rally target of $345, with the Mean Resistance at the same price.
2. Price action has created the value of the intermediate-term Key Support $281, which will be revisited in the interim.
3. The violation of the intermediate-term Coin Dip as well as Key Support of $281, will undoubtedly bring serious of the intermediate-term bearish implications to the next Coin Dip of $240.
4. Current Bullish/Bearish bias is 60/40
1. The rebound momentum of Dash coin following a Coin Dip completion $281 has created mini Coin Rally target of $345, with the Mean Resistance at the same price.
2. Price action has created the value of the intermediate-term Key Support $281, which will be revisited in the interim.
3. The violation of the intermediate-term Coin Dip as well as Key Support of $281, will undoubtedly bring serious of the intermediate-term bearish implications to the next Coin Dip of $240.
4. Current Bullish/Bearish bias is 60/40