DASH-BTC looking at 0.018?

in #cryptocurrencies • 8 years ago

A trend-reversal loks complete for DASH-BTC which has gained over 0.6% so far on Friday's open. 

The chart below shows the daily timeframe for DASH-BTC on the Poloniex exchange. What is important to note is that Thursday's close is higher than the most recent fractal sell level at 0.01281042 suggestng bullish momentum will dominate over the long-term. 

Moreover, the Alligator indicator is signalling an uptrend as the lips (green) are above the mouth (red) and teeth (blue). Therefore, buy positions are favoured. Also, notice that the move upwards is supported by higher trading volumes on the Poloniex exchage, foretelling further price rises ahead for DASH-BTC over the coming week. 

Furthermore, bullish momentum is also indicated by the Awesome Oscillator, with a higher, green bar today favouring buy positions. The market now looks to target the fractal resistance at 0.0165 and the psychological 0.1800 level. 

#bitcoin #dash #trading #investing
8 years ago in #cryptocurrencies by
$0.00
    5 votes
    Reply 0

    Coin Marketplace

    STEEM 0.17
    TRX 0.16
    JST 0.029
    BTC 75005.44
    ETH 2818.62
    USDT 1.00
    SBD 2.54