Dash
DASHBTC potentially reversingFor anyone watching DASH, it looks like DASH is challenging downward resistance on DASHUSD, but I think the really interesting thing to watch is DASH/BTC. It looks like the relationship just took a huge dip yesterday but now looks like it could be attemping to reverse direction. Still a bit of a ways to go until it hits the trend line, but there hasn't been such a reversal as such for some time now, so I figured it something to point out for anyone watching Dash.
There still needs to be a little more confirmation, but DASH at least came close to the bottom of a potential wedge (green lines) but time will tell if the trend continues. If it does however, it will be interesting if it is able to break through long term resistance (blue lines) anytime soon, but if so, that would be a very positive sign.
DASH attempting to break out of downward trendIt looks like DASH might be trying to break out of its downward trend slightly. Still a bit of time to see if it continues, but at least it is a start in the upward direction.
Obviously there are still a bit of potential negative effects if BTC heads downward, so it should be interesting if DASH will be able to hold a position against a potentially falling BTC, but I think it is something to watch over the next few days to see if it continues.
DASH Accumulating for explosive runHello everyone,
Currently dash is in a lateral accumulation phase.
As we could see in the previous run, the explosiveness of this altcoin is massive.
Be aware of key points:
250$
Breaking RSI downtrend
500$ Long term objective, timing is not bad but you could get bored watching other altcoins growing.
Good Luck!
DASH is about to hit crucial supportDASH just broke out of what could be considered a bear flag which could mean it is about to head downward.
What makes matters worse for DASH is it is about to hit the bottom of a long term wedge (green lines) right around the 50% Fibonacci level near $212. Although this is a great opportunity for a bounce, with the bear flag just breaking, it must also be considered that if support breaks, it can easily hurl into a whirlwind downward over the next month.
Hence there is some crucial support to watch soon around $212 for DASH.
DASHBTC is preparing to move upAfter last pump DASHBTC started to consolidate its price against BTC. around 0,00380 level it found support and as you see on the triangle support line is holding well. Any moment it can brake above 0.00400 level and can be in blue zone. Real price action with volume will come after 0.0042x level passing. As you know DASH is waking up late but when it start to move x2 and x3 can come easily in couple of days.