Dash - Technical Analysis - 1000% increase incoming? Keep a close eye for volume and a break upward!
Dash
The first golden cross of the 50 day MA going over the 200 day MA has just happened for the first time since the 21/02/2017. The last time this happened, was the first time Dash saw a near 1000% increase.
Also, you'll see below that this recent period of consolidation hasn't taken Dash dramatically down, but appeared to be more of a healthy pullback.
Recent daily view of the Dash chart with golden cross highlighted by the yellow ellipse and symmetrical triangle in purple.
A symmetrical triangle has formed on the daily chart that gives traders a day or so to watch the price action and volume closely before making a move, but this could be an indicator that we are about to see Dash make a fundamental move upward.
Based on this, I will be watching closely for a significant increase of anywhere up to 1000% in BTC/Dash comparative value over the next few days. Volume is always a key factor in price action, so volume must increase to provide additional confirmation.
Daily view of the Dash chart from the last time we saw the same golden cross (21/02/2017)
This is just one view of Dash and is not financial advice. You should always do your own research and only invest what you can lose to afford.
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nothing better than a bit of TA, thank you for the post bro!! Dash has got huge potential.
Cheers man! Really appreciate the kind words!
I've been dipping in and out of Dash and watching the price action closely the last 6 months, thinking it is only a matter of time. This current trend that is forming is the most positive signal I've seen yet.
Although it's not one that many people are paying much attention too, It's one of my top picks for the moment due to it's strong position, technology and adoption.
Wish it was still at the old prices, them days ;( hahahaha, nice comment bro ! ;)
I hear you!
I hear you to man haha
Thanks for sharing @cryptomagic
1000% is a lot, but nothing that we havent seen already.
i agree that DASH is going up soon, pumped like the last time, not sure if after BCH or MONERO
Thanks @beiker !
I was in Dash until I heard about Dash and it's really centralized, almost scam-like masternode system.
Fair point @atherz . The masternode system is unfortunately necessary though.
Neo and many others are no different in reality, but the ledger is still immutable which is the key aspect of most Blockchains (except Ethereum where they seem to just keep forking to overwrite it and get rid of any bad news).
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