Priceline of DASH / US Dollar cryptocurrency has formed shark pattern and entered in potential reversal zone.
MACD is turning bullish.
Stochastic is oversold.
From here the price action can hit the sell targets soon insha Allah.
I have defined targets using Fibonacce sequence:
Buy between: 112.1357 to 92.8000
Sell between: 137.7805 to 185.3515
. Dash/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. There is a possibility of temporary retracement to suggested support zone (104.00 to 84.00). if so, traders can set orders based on Price Action and...
With Dash going onto Coinbase, as one of the older more established coins we are expecting this one to get more interest than some of the newer coins that will be listed.
Could be a much-needed boost for the cryptocurrency.
Despite the recent correction DASH is still holding strong above it's trendline (any large timeframe closes under would invalidate idea). Opening longs in this area, TP's shown on chart, setting SL under trendline.
DASH/USD is extending weakness for the 2nd straight week, bias strongly bearish.
Price action has approached strong support at 200-DMA, breach below will open up further downside for the pair.
Price action has slipped below 20W SMA and volatility is on the rise. MACD and ADX support further weakness.
That said, oscillators have approached oversold levels and price...
Altcoins/BTC are crazy oversold. Bitcoin dominance is way too high considering all aspects.
Bitcoin finally looks like correcting and consolidating for a while - which would be perfectly healthy.
Altcoins/USD looks like ready for solid move.
This looks like the time to revive altcoin market. Most weak hands already sold on the way to the bottom.