DASH Technical Analysis 16 July 2018 - Good Opportunity to Buy
Dash is still in a downtrend, but you can notice that the slopes of the downtrend lines are decreasing.
This is the first signal that a trend inversion is not so far. A second signal may be the breakout of the orange downtrend line, with the price that could reach $300 again.
Indicators also catch the good period for this cryptocurrency.
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Just from what I am seeing with BTC, I believe this Dash trade is a solid call by you. Thanks for sharing.
I expect the BTC rally to continue up slightly up into the 7k's maybe 8k range. That increase in BTC should feed down into the alt-coins, and this Dash chart looks primed to encapsulate that type of gain soundly.
My guestimate on the timeframe for this type of trade is probably early to mid August. When the move looks exhausted, sell.
--- This is not investing advice, just giving @forex-intraday props for what I think is a good trading call.
Thanks for sharing @crypto-investor. I totally agree.
Bitcoin is going to face again the resistance at $6800 very soon. I believe in a breakout this time, with the price going again over $7000.
In my opinion, it can also happen during next days, because Bitcoin has a very good momentum.
Good luck!
DASH vs BTC
;)
Thanks for sharing :)
Thank you very much for your great info.
It was very useful.
The descending line should be well analyzed.
Technical analysis articles should be well reviewed
Sharmedo as not to be
Thanks @paymanmahabad :)
Good analysis, I think short term Dash can be able to hit $275 USD with break up today. Lots of positive momo in this space...hopefully it sustains
Thanks!
Today is fundamental for a breakout of the downtrend line. Dash is already around $250 now!
Good luck!
dang, what is going on today? Just came back from lunch and see prices are moving
There's no clear cause behind it. Some report the new chief executive of Goldman Sachs, some others BlackRock's interest in Bitcoin and cryptocurrencies... in my opinion, just many key levels that were about to be broken and so many buyers on the market, trying to join the up-movement.
i also read some massive shorts were squeezed out today simultaneously...guess we have to wait to see what the rest of the week brings, as always. thanks for the comment
hey alright, we hit 275$ !