Hello traders and guys. Looking at the chart, Crypto Total Market is yet bullish!
Total MarketCap is tested Daily EMA50 line and bouncing up from EMA50 line and probably showing Inverse H&S as you can see in my chart.
However BTC Dominance was quite huge this year 2019 and now showing Rising wedge chart pattern.
Bitcoin is the king of crypto and the safest...
This year's correvtive move made only 10% and therefore is to be regarded as a small bear flag. It ended after the price fell below the trendline a few days ago and the big down trend since 2017 is back.
After the price receding to 55 USD, there is no chart support down to 15 USD. After falling from 1600 to 15 USD the project likely will be dead.
D1: Supported by increased EMA50 and trendline
D1 day candle also confirmed the price increase with a big body candle
RSI in region 43
Why is this area worth noting?
Keep in mind that Each time RSI is at 43, Dash often creates a bottom and increases strongly
=> Possibility of extremely high prices with DASH.
Hopefully this analysis helps you to choose the...
Possible descending wedge forming on the daily with a convergence point which lines up nicely with previous support. Expect a bounce here, with long-term prospects unsure, but probably in line with BTC. If BTC reaches its' bounce point concurrently, expect a big pump.
In D1 timeframe, we have positive signals from OBV - On Balance Volume
When OBV of DASH has increased sharply but the price is still being compressed.
Target 1 and 2 are easy to achieve, to hit target 3 requires a strong buying volume to push up the price
Buy zone: below $178
Target 1: $225
Target 2: $280
Target 3: $415 (mid-term)
** If you like...