Dash Retrace Hits Support, Prices Likely To Bounce Full Analysis
Updated
Dash (DASHBTC) found support when prices hit MA200 (0.008845).
Also, a long-wick candle was printed that hit the 0.786 Fib. retracement support relative to the last bullish wave, giving us another signal pointing to the end of the retrace.
If the retrace is over, what happens next?
First, in order to be sure, we need a close above EMA10 (0.009064) on the daily timeframe to confirm DASHBTC's bullish potential.
As soon as this signal is confirmed we expect prices to bounce (green/red arrow). If MA200/EMA10 can't be conquered, then we expect a drop (2).
The 0.007590 / 0.007850 prince range can work as "strong support".
Each time this level is hit we can expect a bounce.
We are bullish long-term on Dash Network.
Note: Even if prices move below "strong support", we remain bullish as long as the 26-Dec. '19 low at 0.005312 remains intact.
Thanks a lot for reading and for your continued support.
This is Alan Masters 🕉.
I LOVE YOU!❤️
Namaste.
Also, a long-wick candle was printed that hit the 0.786 Fib. retracement support relative to the last bullish wave, giving us another signal pointing to the end of the retrace.
If the retrace is over, what happens next?
First, in order to be sure, we need a close above EMA10 (0.009064) on the daily timeframe to confirm DASHBTC's bullish potential.
As soon as this signal is confirmed we expect prices to bounce (green/red arrow). If MA200/EMA10 can't be conquered, then we expect a drop (2).
The 0.007590 / 0.007850 prince range can work as "strong support".
Each time this level is hit we can expect a bounce.
- Below "strong support" prices can easily move lower.
- Above "strong support" the growth can easily continue.
We are bullish long-term on Dash Network.
Note: Even if prices move below "strong support", we remain bullish as long as the 26-Dec. '19 low at 0.005312 remains intact.
Thanks a lot for reading and for your continued support.
This is Alan Masters 🕉.
I LOVE YOU!❤️
Namaste.
Note
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.