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Dash

DASH double bottom & inverse H&S breakDASH is looking like it is trying to "collect them all" when it comes to bullish patterns right now from what I am seeing. After hitting a double bottom in late march (dotted yellow line), it has further formed another inverse head and shoulder pattern and has broken the neckline today (dashed yellow line). Furthermore, this looked to be propelled by hidden bullish divergence on RSI (light blue dashed lines on price and RSI). Right now Dash looks to be taking a break at the 38.2% Fibonacci retracement level. It should be interesting to see if it closes above the neckline for the daily chart. I would also love to hear any opinions to the contrary as well as any other confirmations if you have them. If so, please leave a comment!
COINBASE:DASHUSDLong
by crypto_trends
DASHBTC potentially reversingFor anyone watching DASH, it looks like DASH is challenging downward resistance on DASHUSD, but I think the really interesting thing to watch is DASH/BTC. It looks like the relationship just took a huge dip yesterday but now looks like it could be attemping to reverse direction. Still a bit of a ways to go until it hits the trend line, but there hasn't been such a reversal as such for some time now, so I figured it something to point out for anyone watching Dash. There still needs to be a little more confirmation, but DASH at least came close to the bottom of a potential wedge (green lines) but time will tell if the trend continues. If it does however, it will be interesting if it is able to break through long term resistance (blue lines) anytime soon, but if so, that would be a very positive sign.
by crypto_trends
DASH attempting to break out of downward trendIt looks like DASH might be trying to break out of its downward trend slightly. Still a bit of time to see if it continues, but at least it is a start in the upward direction. Obviously there are still a bit of potential negative effects if BTC heads downward, so it should be interesting if DASH will be able to hold a position against a potentially falling BTC, but I think it is something to watch over the next few days to see if it continues.
COINBASE:DASHUSD
by crypto_trends
DASH is about to hit crucial supportDASH just broke out of what could be considered a bear flag which could mean it is about to head downward. What makes matters worse for DASH is it is about to hit the bottom of a long term wedge (green lines) right around the 50% Fibonacci level near $212. Although this is a great opportunity for a bounce, with the bear flag just breaking, it must also be considered that if support breaks, it can easily hurl into a whirlwind downward over the next month. Hence there is some crucial support to watch soon around $212 for DASH.
COINBASE:DASHUSD
by crypto_trends