Hi Traders, hope you have been enjoying all of the volatility lately.
I wanted to share this chart which illustrates the similarity between the Monero 3 drive pump last year and how Dash is currently playing out.
Orange represents the XMR chart and the Blue is where dash is at.
As you can see the breakout is behaving in a very similar way; i.e. it appears we...
I perfectly understand that a DASH scam with artificially limited trading supply is highly manipulative so we may get a spike up at any time but technically it smells like a short for this one. Double shooting star, huge div on 4h RSI.
On the other hand, on the lower timeframes we do have a rising wedge on DASHBTC which still may shoot up, though the overall price...
We are currently experiencing a sustained 3 wave with constant ,growing volume and no signs of stopping. We should expect sharper upwards movement after a quick ABC retrace which could put DASH around 45-50 in the next few weeks to finish wave 5 of this first cycle.
DMI shows a strong BUY trend ADX over 65 on the 1D chart and an AO reading above 0 since december...
Pattern highlighted with traditional target from breakout.
Target is the distance of the reaction high (regional all time high) to reaction low within the diamond pattern, subtracted from the breakout of the pattern.
