Watching this support area for a possible bounce
Updated
It's very possible that the BTC rally will negate this support region entirely. So I advise waiting for the result before going long/short.
As you can see, recent volatility has been throwing DASH outside of the support/resistance trendlines but it has been pulled back inside.
On a wider scale, it seems a lot of alts are finding support today. We should find out soon if there will be some recovery, or the alt pain will continue.
As you can see, recent volatility has been throwing DASH outside of the support/resistance trendlines but it has been pulled back inside.
On a wider scale, it seems a lot of alts are finding support today. We should find out soon if there will be some recovery, or the alt pain will continue.
Note
1hrdouble bottom on the RSI and a rounded bottom on candles.
This could be it already. A little more volume and it will be a :buy: for me.
Trade active
Long: first target 0.06The 4hr closed with a hammer and a rejection of my buy zone. There's a good chance it will return down there again, with BTC on such a bull run.
There's a good chance that the red pennant pattern will play out, so my first target is the other side, around 0.06.
Further targets will be at the various trendlines.
Look out for history repeating itself with the possible fractals in the green rings.
Trade closed manually
Trade closed while bitcoin is going wild. Managed to close it while still in profit.Potential bounce now moved down to here:
I wouldn't count on the uptrend holding now, though. Confidence is definitely shaken and I don't think we've seen capitulation, yet.
Note
BounceThere we go, it's playing out. Faith in TA restored
Note
Possible buying opportunity coming. Watch this zone for another bounce
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