Things are turning interesting here.
Decreased volatility for the last few days is an indication of volatile price change is in the near future.
We are more likely to have a rally, than a decline, as we are finishing what appears to be a micro 1-5,abc pattern.
If the price continue to stabilize, this will lead for the price action for Alt coins accumulation,...
. 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...
- Elliot 1-2-3-4-5 Impulse Wave Completed
- Corrective Waves A-B completed, waiting on completion of C
- On completion of C, potential long entry to T1/T2 (.5 and .618 retracements of swing high April 2018
- EMA 50/200 Cross on 1D
Dash / USD Short-term price analysis
DASH has a bearish short-term outlook, with the cryptocurrency remaining under selling pressure below its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that the DASH / USD pair is once again making bearish lower lows and lower highs, placing the emphasis on further...
Causes of growth:
- common bull market
- vertical support level
- struck the level of $ 177
Goals when buying at $ 177:
1 goal - 225 $
2 goal - 300 $
Stop-loss is placed in the zone of $ 170
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
I continue to suppose that there sre initials (a series of first and second waves with an exit in an upward direction) throughout the cryptos, including in DASH. The critical levels are indicated as usual in orange and red. Now you can try a long position with the shortest stop possible. But the situation looks extremely drawn.