No reason at all to be long on this coin. Huge rising wedge on falling volume. DASHBTC does not exhibit such a clear pattern.
It does have the potential to break to the upside (~$400-500, doubletop DASHBTC @0.125), but I think the risk vs. reward for that outcome is very poor.
With either resolution, we will see $50 tested in the next 2-6 months as the market unwinds.
See my idea below about the bubble before it even happened.
It does have the potential to break to the upside (~$400-500, doubletop DASHBTC @0.125), but I think the risk vs. reward for that outcome is very poor.
With either resolution, we will see $50 tested in the next 2-6 months as the market unwinds.
See my idea below about the bubble before it even happened.
Note
Higher lows on the daily now. Much less bearish; needs to break below this series of higher lows to confirm downtrend. Much undecided right now. Crypto markets are in the balance.
Note
Hmm. Dumped to $120, now back where we started. Crypto, you wild.
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Wow, still rising... Welp, I think this tried to resolve and rejected. I'd consider this idea failed if it rises much above 240-250. Crypto, you wild 2.0
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Rekt.That's all.
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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.