DASH: Flirting with some historic support
Appears that DASH is sitting on some long term support that I have drawn in a blue box.
I think there is potential that DASH continues the current downtrend that it is on and breaks through the blue box, to find lower support that I do not currently have charted.
If the blue box holds as support, it may not be a bad level to start averaging into DASH if you have long term conviction in it. DASH has been around for a while, and despite it having over an -80% decline throughout the year of 2018 so far, DASH still has the masternode with the highest worth at close to $80,000 per node.
DASH has a name for itself in the cryptocurrency space, and it is one of the higher market cap coins. Along with this, it is also somewhat popular among the cryptocurrency community.
In terms of price, momentum looks slow and the chart looks somewhat bearish . DASH has seen an -80% since its all time high but I would not be surprised to see this number jump to -90% on a break of the blue support box. As of right now, not moving too quickly, as we are still in a tough bear market, but I am monitoring this blue support level as a potential place to enter on DASH.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
I think there is potential that DASH continues the current downtrend that it is on and breaks through the blue box, to find lower support that I do not currently have charted.
If the blue box holds as support, it may not be a bad level to start averaging into DASH if you have long term conviction in it. DASH has been around for a while, and despite it having over an -80% decline throughout the year of 2018 so far, DASH still has the masternode with the highest worth at close to $80,000 per node.
DASH has a name for itself in the cryptocurrency space, and it is one of the higher market cap coins. Along with this, it is also somewhat popular among the cryptocurrency community.
In terms of price, momentum looks slow and the chart looks somewhat bearish . DASH has seen an -80% since its all time high but I would not be surprised to see this number jump to -90% on a break of the blue support box. As of right now, not moving too quickly, as we are still in a tough bear market, but I am monitoring this blue support level as a potential place to enter on DASH.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
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