Dash is in my analysis still in an up trend. Look at the pink resistance line (down). It is still tested. Next strong support is the purple line. Maybe we se fibo 0.618, but this is not for sure. After touch the bottom we have an strong up.
Let's see what happens. Happy trading. :-)
No reason at all to be long on this coin. Huge rising wedge on falling volume. DASHBTC does not exhibit such a clear pattern.
It does have the potential to break to the upside (~$400-500, doubletop DASHBTC @0.125), but I think the risk vs. reward for that outcome is very poor.
With either resolution, we will see $50 tested in the next 2-6 months as the market...
Small time frame but DASH on the run looking for moon here.
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BTC 12yMrA942sb2JdjRxFL9eBwUk5o3PmfB8G
LTC 0.77% wallet Le9ipdHojVsyNna5EvjUV1fJHPcrXZaGeP
ETH 0xa35c2a412428d68f2036b729c17f2e0ef73dfb5e
STRAT: SaBsZgagL3q49CKekNo6C1ReD3gtz1aynr
Dash is near the price-fibo (0.786). I think we see the bottom at 160 USD. In expectation of a general trend-reversal - imo - it will go up (not as strong as other currencies).
Let's see what happens. Happy trading. :-)
This is my updated analysis for $DASH, seems like we have a new uptrend signal kicking off today. The action is very explosive and suggests immediate upside. The weekly targets are potentially 2, $280.3 and $646.28.
The quarterly chart implies that upside to $757 is possible too. I am long $DASH, and will look to ride this trend as best as possible while it lasts....
Just an FYI for you to keep in mind and watch for. This looks like a pretty strong channel. The $160 to possible $180 USD looks like will be a top for now. With a possible pullback to the $120 - $130 Range, which would be the .786 Fib line.
I can see it hit the $190 - $200 Range around July.
Of course all the Alt Coins have a strong dependent on what bitcoin...
