Quickpost: Comparing W patterns on Dash and Ethereum
I am taking this almost purely as a pure chart formation play. The Fib draw is from the bridge of the W and that was very effective in target setting ethusd last uptrend. The blue dotted trendline is where I would suspect price would stall and create some uncertainty in Dash just like it did with Eth. Of course, that may be aggressive and a look the W on btc with the same draw show price only reached the 2 fib level before coming back down. Partial profits will be taken, of course, as we move up.
As I look at the DashBTC chart this gray area looks concerning as if the pair could stall and that would mark highs on Dashusd. I will be looking for confuence with Dashusd at a major fib level while dashbtc approaches the gray area.
As I look at the DashBTC chart this gray area looks concerning as if the pair could stall and that would mark highs on Dashusd. I will be looking for confuence with Dashusd at a major fib level while dashbtc approaches the gray area.
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