DASH

Good evening steemians.

Tonight we take a look at DASH, at this time DASH has a value of 4949990 satoshis, at the beginning of January it had a maximum around 9100000 satoshis and the minimum in this 2018 has been 4208217 satoshis.

Now we enter our analysis, when we see the 4 hour chart we see that we are bouncing on a bearish trend line, which started at the end of 2017, which was broken on 04/21/2018 and is being tested at this time.

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We note that the price is found bouncing near the 61.8%% fibonachi level.
When observing the indicators the stochastic is oversold and the rsi is at level 42, an interesting option would be to take advantage of a rapid rise and take profits.

In the 1 hour chart we can clearly observe this trend line.

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The stochastic is overbought and the rsi at intermediate levels, there could be a rapid descent and a blowback at any time. the ideal would be to wait until the price gives us a signal to where we want to move.

For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.

I say goodbye thank you for your attention, have an excellent week.

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.