there are 3 trend lines I saw and drew, the first is gold, 2nd is blue, 3rd is purple.
At trend line 1 after the first intersection the price bounced up.
Trend line 2 after the intersection, same thing happened.
Trend line 3? well they call it a trend for a reason lol
It seems that were headed back towards the supporting line on the most recent trend line (3)....
Potential W bottom setup as it crosses over ~.013sats resistance level
Looking for continuation here to the upside w/ targets at ~.0145 / .0165 / ~.018
UCTS Indicator bullish across every HTFs.
IMO Dash this year will go for ATH, we could expect 600$ between April-June this year. The chart on all times frames is a buy with decent volume. The inflation rate being cut is also a bonus, it has low circulating supply and a healthy amount of active addresses.
DASH/BTC has entered the 1st standard deviation of the 200 MA Bollinger Band on 4H. This is a sign of lateral trading. DASH will travel to the middle of the purple band with around 90% accuracy. We are calling this a SHORT. Act according to your own risk management. Stop losses should be set above the purple band - in case of a breach, seek a re-entry.
Prediction for DASH future route.
- Methodology led to conclusion to be disclosed if prediction gets verified by markets in June 2020.
Lets see if my calculations prove right.
Be modest. Be bold. Behave
Disclosure: Please be informed that information I provide is NOT a trading recommendation or investment advice. All of my work is for fun purposes only.
Here is some points about Dash/Bitcoin next moviment.
The Price Still Bellow an important Resistance Long term Line.
RSI is an "Overbought" region.
If the correction continues, the Fibonacci levels are excellent Buy points.
The Price is above the long term 200 MA.
We also have a figure of continuation forming on intraday time frames, called...
Among top volume coins DASH is the one that looks closer than anyone to bounce. Moves just above 10700 support which is also 0.5 retracement level - good spot for bullish bounce with very tight stop loss possible. If it fails, price will drop to 9400-9700 support. That should be final lowest level, as falling lower will break the trend completely and make DASH...
DASH strong uptrend must be over temporarily as the price already declined by over 30% drop.
Key areas to be watching is between 92 - 78 levels as this floor coincides
with the 50MA and upward trend-line support, we could expect a minor bounce from here.