This is extremely promising market structure for DASH, very well defined highs that have been hit multiple times. I could see a serious run attempt at 0.1 in the coming months if it continues to provide. I'm a bit late on my timing, I would have liked to publish this chart around 0.0012, but as long as it continues to make higher lows on the high timeframes it...
Both Monero and DASH are currencies with focus on privacy. Looking at Monero's chart one can see period of sideways movement which took about 2 years between Jun 2014th and Sept 2016th. Comparing this with DASH's chart one can say DASH is still within similar sideways trend.
I am wondering if DASH is going to break out to the upside in the future.
So long red candles are typical to a downtrend on DASHBTC pair. The channel is already formed. There are no fundaments for Dash growth at the moment so I expect it will continue down to 0.014 or possibly even 0.011 level. Despite the market cap, the volume on Dash is still very low and there are almost no non-speculative use-cases. I'm shorting DASH since 0.0166...
DASHBTC looks strong during the current BTCCNY & BTCUSD turmoil.
Now it reaches another important milestone on its up-move:
While the price is trading above the Ichimoku Kumo Cloud, the Lagging Span (Chikou, the green line) is fighting to cross the upper border of the Kumo, both on Daily and Weekly charts.
If Chikou succeeds, we can expect DASH to rise up to...
... used for accumulation and distribution into other alt coins and BTC. I also explained this quite well in a previous publishing on "AUGUR" (REPUSD).
The chart below is a link to my AUGUR/USD Publishing:
ADDED ETHBTC POLO to the DASH CHART FOR COMPARISON.
Dash to the moon. Mid-long term plays, though depending on things first target should be "easy"
If you lose all your coins you have no one to blame but me. kek.
