The general situation of Dash currency
HI GUYZ
In this post, we will check the general situation of Dash currency.
As shown in the chart, we are generally in a bearish trend as indicated by the daily trend line.At the end of the trend we saw the formation of a triangle pattern with an unusual breakout out of it and retouching the area that was once touched as a shadow.
After this unknown failure, the buyers acted more successfully and by entering the appropriate capital, they were able to start the correction process towards the trend line.
If we examine the smaller time frame, we also see a bullish angle pattern, which is usually associated with a downward breakout.
Confirmation of this channel can also be obtained by placing chart settings on the line (O+H+L+C/4)chart.
So, in general, I expect the price to return after the price hits the trend line or the specified area, and in the event of a valid failure of these areas, the price will have conditions for growth up to the $90 area, otherwise, we should wait for lower price floors. was also.
Note that this is a general analysis and to take a sell position, one should look for a suitable entry zone that matches the general analysis
In this post, we will check the general situation of Dash currency.
As shown in the chart, we are generally in a bearish trend as indicated by the daily trend line.At the end of the trend we saw the formation of a triangle pattern with an unusual breakout out of it and retouching the area that was once touched as a shadow.
After this unknown failure, the buyers acted more successfully and by entering the appropriate capital, they were able to start the correction process towards the trend line.
If we examine the smaller time frame, we also see a bullish angle pattern, which is usually associated with a downward breakout.
Confirmation of this channel can also be obtained by placing chart settings on the line (O+H+L+C/4)chart.
So, in general, I expect the price to return after the price hits the trend line or the specified area, and in the event of a valid failure of these areas, the price will have conditions for growth up to the $90 area, otherwise, we should wait for lower price floors. was also.
Note that this is a general analysis and to take a sell position, one should look for a suitable entry zone that matches the general analysis
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