Monfex is at your service and today we overview DASH/BTC.
On the chart we see a large or a . 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 . Perhaps this is the second(2) (12345).
In conclusion, at the moment we are closer to the 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.
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