DASH - descending triangle
Updated
Dash is currently in descending triangle pattern which means the price can go both up and down, the price must stay at 200$.
DASH/BTC also needs to breakout and after that the price of Dash won't be affected by Bitcoin dumps so hard.
Will update this idea when the breakout happens.
Still it's just a pattern and it could go sideways, let's wait and see where the price is heading.
DASH/BTC also needs to breakout and after that the price of Dash won't be affected by Bitcoin dumps so hard.
Will update this idea when the breakout happens.
Still it's just a pattern and it could go sideways, let's wait and see where the price is heading.
Note
As expected Dash has fallen more, In my opinion this could go lower to 150$ but everything depends now on Bitcoin, tomorrow Bitcoin futures contracts are about to expire, which means there will be institutional interest in buying more (because more Bitcoins will be released to the market) and if this happens we can forget about this dip. Bitcoin can recover very quickly and strike to the ATH in less than week. And by that Dash could also get to 250$ and more very quickly.
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