Which scenario is true for DASH

BINANCE:DASHBTC   Dash / Bitcoin
Hello, Traders!
Monfex is at your service and today we overview DASH/BTC.

On the chart we see a large rising channel or a bear flag . The price now near the channel support and has two scenarios:

  • 1 there will be a breakdown of the flag down and for greater certainty we will consider the level of the red line near 0.00808. As goals, we take Fibonacci levels of 100% (previous low), 127.20% and 161.80%.

  • 2 a rebound from the support line up by the channel and the first target is the middle line of this channel near 38.2% and 23.6% Fibonacci. The green horizontal line as the flagship of the start of a bullish trend . Perhaps this is the second(2) Elliott Wave (12345).

In conclusion, at the moment we are closer to the bearish trend option, but you need to see at chart below, by DASH/USD there is a significant pre-reference to the begin of the bull trend.

Share your thoughts, ideas about the market under the chart.

Watch for our Updates to be the first who gets well-timed signals !


This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out