Dash files for patent of new "Evolution Platform" *an update*
Updated
Since my introduction about a month ago Dash has, like many coins fallen through major support lines identified on my charts at the time of posting. With those lines becoming resistance but positive news in the media what might the next few weeks look like?
Looking at the one day chart it looks like Dash could be about the bounce from the support it is currently resting on. If it falls below (which we, of course, hope it doesn’t), price action may be headed to lower support indicated by the blue trend line on my updated chart. If it does there’s a chance this could be the bottom with a bounce likely based on a recent increase in volume and a crossover of a cluster on trend lines circled on my chart.
Looking at the one day chart it looks like Dash could be about the bounce from the support it is currently resting on. If it falls below (which we, of course, hope it doesn’t), price action may be headed to lower support indicated by the blue trend line on my updated chart. If it does there’s a chance this could be the bottom with a bounce likely based on a recent increase in volume and a crossover of a cluster on trend lines circled on my chart.
Note
Well...It has been a rough 24 hours, but charts are responding well to my lines! Looking at Dash, overnight it wicked down to the bottom of my Fib on the 1 and 4-hour charts bouncing perfectly back above the blue support I'd drawn earlier in the day. As of now, it looks like Dash might maintain support indicated by my yellow line, just below where price action currently is. Daily volume looks to be maintaining itself on the 1-day chart and is even showing an uptick on the 4-hour chart.Have we hit bottom...? We'll see soon enough!
Note
If you’ve been following Dash I hope you were able to realize some profit between now and my last post as Dash saw some really great rises. Back to the .786 on my Fib and bouncing it’s looking like a great time to buy again if the cards add up for you. Volume is coming in on the 1-day chart a bit stronger than it has in the last few months and I’m hoping to see a breakout where price action is currently feeling resistance.
This could happen as news spreads of Neptune’s Dash extending “Fractional Masternode Ownership to the US and EU Market”. With node prices increasing beyond 2900% since last year in January this is an exciting opportunity for those interested in owning a piece of the payouts.
On top of this announcement articles like this one are calling Dash “one of the most potential cryptocurrencies in the world...With regular developmental updates and implementation of new facilities, this cryptocurrency is becoming even more germane and profitable to the traders across the globe.”
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