DASH FALL PREDICTION - Retest Lows @ $133 - current price $181
DASH on a 30m timeframe is in a downtrend, with resistance remaining @ $184.
A break of the low @ $160 is expected to be followed by a re-test of $160 level.
Markets like to return to the medium point (see diagonal red line).
So using charting tools, we can see that a failure of the $160 low to hold could see a fall to $133, which would coincide.
Hope this helps.
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Analysis by: Sean Vengan 23 June 2017
To have a larger view of the chart, just right click on the chart image and select "View Image"
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I don't own Dash today, but I'd be an aggressive buyer if it goes back below $140. I'll have to watch it closer because I do like the idea of owning some Dash even if just 10 tokens.
I'm following you now in case you put out more posts on Dash. Thanks.
Yes for all altcoins and bitcoin im long term very bullish but markets need to take breathers and pullbacks - that's all part of the game.
As I said in a previous , most traders think its about being wrong or right. Its simply NOT. Whilst I have put the word "prediction" on the title (as thats what people like to see) the best traders REACT NOT PREDICT. Therefore, im happily accepting if im wrong as this means the market is PROVING itself. I only want to put money down when I see the market proving itself.
Thanks for following me, i just started posting an hour ago but hope to assist others in crypto trading as well as make a buck or two myself . It helps if you, and others reading this, can UP VOTE my post (only if you like it) as that makes it worth my while continuing my time on this analysis - thank you =)
I'm fairly new to crypto's so I'm just trying to soak it all in. I'm a big fan of buying low so tracking momentum is key, but I have zero time to track since I'm over an ocean every week and traveling around asia. I'm finding that Steemit is an incredible resource, better than any website I've used for trading stocks over the years. Both timely and accurate information and there has been more than one occasion where a post saved me from making a mistake at that moment. For example, I nearly sold 100% of my lightcoin and saw a post about it being added to two exchanges a few days later. Saved me from selling low.
Nicholas DArvas was a famous trader and being on tour as a ballerina in the Russian Bolshoi was constantly travelling. He did most his trading from prices from newspapers! So staring at charts all day doesnt mean success (in fact i'd highly reecommend not to do it.) Be careful of following peoples opinions (including mine) - just like anything anybody can say buy or sell now. Take time to learn some trading skills and then evaluate what someone like me says in relation to your own opinion. No harm following others, just dont be dependant on them. After all it's your money. Hope that helps...