Watch Dash in the coming days. there is a big potential for an upward start and I'm gonna explain why, with all details you need to know. So put FUD and FOMO aside, it's time to study something serious!

Dash, the fundamentals

Dash wants to be a user friendly payment system based on Bitcoin project. So the focus is on being open source, peer-to-peer and the payments industry.
Comparing to XRP (which you shouldn't read it Ripple!), Dash believes in its own platform (but Ripple doesn't use XRP)

InstantSend and PrivateSend and being the first DAO project (Decentralized Autonomous Organization) by int'l law firms, are other advantages we can mention about Dash. for more information on this, read this article

The BEAUTY

What makes you more confidant about a company's performance, than knowing the fact it is not dependent on anyone, whether its current CEO, developers, advisers etc?! I'll tell you: nothing!

Dash has a significant structure, that allows for a smooth transition in the unlikely event of the removal and replacement of developers and managers. No one can influence the system after leaving it. welcome to a blockchain of influencers!

Shadow of Bitcoin

I love Bitcoin, because it delivered us a missing right, through centuries of using money, and made people understand, the power in the center, isn't a gift from GODS to lobbyists and governors!

Bitcoin reminded us, if FIAT has a value today, it's just in supply/demand rule and so it can be anywhere else! It also taught us, there are certain ways to do things, way better than what other do for us! like securing our transactions, clarity of trades, rewarding people for the proof of their service etc.

But, Bitcoin, like all the early birds of technology, lacks in many things, which may even have been unknown to its creator(s) in the time of development.

Speed, Privacy and POS

Dash performs much faster than Bitcoin, what BTC really lacks in, and even at a lower cost. Dash has also solved several privacy issues with its Voting system and in the end, enjoying its credibility in int'l firms, Dash is accepted in many merchants and everyone can have a Dash POS selling its goods and services.

source

The Cap

Each Dash worth $315.88 right now, and with 8,094,510 DASH mined out of 18.9 Millions, its market cap is 2.5 Billion USD or 350.000 BTC which delivers him rank 13 in the market cap table, following Monero with a very little difference.

The chart

let's check the weekly chart to get an idea on current trend:

we have:

• lower highs
• RSI 14 below 50 and not oversold
• Bollinger Bands showing the trend below the middle MA
• two completed retracements since June 2018

these are enough patterns and signals for a downtrend; but the daily chart:

shows the chart is slowly moving in to over sold territory, hitting the bottom MA in Bollinger Bands. And more important, the support lines are about to contradict, so a break even is possible.

The entry point can be:

• around the point support lines meet - 0.0406BTC
• Weekly Fibonacci S3 - 0.0408BTC

Profit taking points:

• short term 0.0489BTC (Fibo R3 weekly or resistance line in the chart)
• Mid to long term 0.0613BTC (Fibo R2 monthly)

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This is not a financial advise and I am not doing advisory here! Steemit is a platform to share content and I'm up to hear your comments on my words to learn more. so your contribution such as comments, upvotes and resteems are very appreciated.