bang on resistance at present
most likely hsould flip it for some reason dominance dropped so maybe the money is flowing into ancient coins
buy flip of the 50 ema taregt under 200
not in this trade just watching ..
Dash is historically cheap, especially in BTC terms. Looks like this is ready to start another bull cycle, doesn't need to go much lower to be accumulated by the big boys. If/When BTC pumps, Dash has a lot of upside IMO. Not financial advice
We are looking at Dash vs Bitcoin (DASHBTC) since the older major altcoins are preparing for a nice bullish wave.
Here we can see a strong breakout around 13-June with really high volume.
After the 24-June peak a retrace took place and now DASHBTC is trading within an accumulation range.
We can see high volume on 30-June and 11-July (Yesterday).
Just as we...
DASHBTC went through a retrace after a bullish breakout and is likely to resume higher.
The retrace pushed prices above the 0.5 Fib. retracement level for the 13-June wave.
If the market is strong, it can recovery and resume up.
The RSI is bullish and we have a gap, marked red on the chart, that's our target.
This is the last one for today, DASHBTC.
We have a descending channel and also a support level turned resistance;
Once these two are taken out, DASHBTC can grow strong.
The stage is set.
We are bullish 100%.
Thank you for reading.
I know it is a lot to take in.
I hope you are enjoying the content.
This coin has been unloved lately IMO. Looks like the tides might be getting ready to turn on Dash. Pop this resistance and we might just see fireworks. Probably can expect a double back test on this level and then the springboard, when resistance becomes support, that's when I will back up the truck. Lately some relatively good volume could indicate the start...
DASHBTC is creating a falling wedge between the weekly structures
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
From may 6th this year dash is forming a nice falling wedge (bullish wedge) these wedges are really good chart patterns especially after a great downward movement. But how we can tell that this downward move is a corection not the resume of the underlying downtrend eversince 0.12Btc (ATH)?
simply we can't say for sure but there are signs of reversal. First of all...