DASH (DASH/USD) Looks Good Compared to Other ALTS!
Currently, DASH' trades above the round number $200. After the massive market drop and after the tough weekend, DASH shows us still positive signs.
First of all the rare case is the EMA's, in the 4h chart we trade above the all important EMA's (50, 100, 200).
If we look at the monthly chart then there we could see that we got a bounce upwards from the 50 EMA which worked as a support and now if the market stays stable for a while then we could beat the blue trendline which is almost the last down-trendline on the DASH' chart!
If we break above the trendline then the next strong area would be around $230. There are the August high point and the area where the price started the last year's rally upwards!
Let's call this area the August high, this strong price level has worked historically very nicely and we can read this area to our key area. After the breakout above this price level could mean that DASH' have good times ahead, we make a new clean higher high and ready to climb upwards!
Currently, the price shows us (even in this tough market situations) very nice price action but if we want to confirm bearish price action then it would be a candle close below the short blue up-trendline. Then we trade above the EMA's, we broke the minor trendline and it made a new short-term lower-low, this means that it 'want's' to go and retest the lower prices around $125!
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Check the full crypto-analysis https://u.today/pricewise
First of all the rare case is the EMA's, in the 4h chart we trade above the all important EMA's (50, 100, 200).
If we look at the monthly chart then there we could see that we got a bounce upwards from the 50 EMA which worked as a support and now if the market stays stable for a while then we could beat the blue trendline which is almost the last down-trendline on the DASH' chart!
If we break above the trendline then the next strong area would be around $230. There are the August high point and the area where the price started the last year's rally upwards!
Let's call this area the August high, this strong price level has worked historically very nicely and we can read this area to our key area. After the breakout above this price level could mean that DASH' have good times ahead, we make a new clean higher high and ready to climb upwards!
Currently, the price shows us (even in this tough market situations) very nice price action but if we want to confirm bearish price action then it would be a candle close below the short blue up-trendline. Then we trade above the EMA's, we broke the minor trendline and it made a new short-term lower-low, this means that it 'want's' to go and retest the lower prices around $125!
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Check the full crypto-analysis https://u.today/pricewise
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