Dash has been beyond dead in terms of price action. If you take a look at the chart there is a huge falling wedge, highly likely to be broken upwards, as it is usually happens with wedges. The sell volume is disappearing and big buy volume is appearing. It might still not be the time to get in, but the odds are favouring a breakout towards the upside. It's probably gonna take 1-2 months at least before the wedge breaks, given that each candle represents a month.
taking a look at the MACD, we can see that it's about to paint green. A potential crossover would send this coin to the moon.
Not a big fan of DASH given their premine and the rebrand, but if the coin has upwards potential I'd definitely jump on this.
Let's see how this plays out. Not a financial advice, just an educational post. Do your own research, don't base your trades purely on one TA.
TA is a probability game, nothing is certain.
taking a look at the MACD, we can see that it's about to paint green. A potential crossover would send this coin to the moon.
Not a big fan of DASH given their premine and the rebrand, but if the coin has upwards potential I'd definitely jump on this.
Let's see how this plays out. Not a financial advice, just an educational post. Do your own research, don't base your trades purely on one TA.
TA is a probability game, nothing is certain.
Comment:
There is a clear positive divergence (MACD) on the weekly chart. This means the price is going down, while the momentum is going on the opposite side. This strengthens the supposition of a reversal.