SUMMARY: Super Bullish for April and May - Check related ideas (below) supporting assessment
-- Technical --
Update: after massive BTC correction , DASH has maintained the upward channel after testing long run daily support. - very bullish.
Dash has broken through the key resistance level of 0.5 Fib and is at a local ATH - very bullish
It has retested twice the major support @$200 and moved to the upside - super bullish signal
The new uptrend support channel is holding strong and each time it touches the support line (black) we have positive price action - moves strongly up.
1D MACD is showing increasing momentum to the upside.
Bollinger Band are widening with increase volatility indicting price action is increasing.
*Risk : if a liquidity event occurs, all assets are sold off, i.e. Bitcoin has a sharp correction it will affect adversely the Dash price.
We had a sharp correction and overall market has been deleverage expect more stable growth.
-- Fundamentals --
BTC dominance is falling and billions of dollars are moving into the Alt coins (see Alt coin analysis below). - ultra bullish
Most Alts have seen strong positive price actions, however, Dash still maintained a relatively low mkt cap. Very high upside potential compared to the other alt coins.
Dash has massive utility in South America and is used as a type of currency in Venezuela and other countries that are suffering from hyper inflation .
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
-- Technical --
Update: after massive BTC correction , DASH has maintained the upward channel after testing long run daily support. - very bullish.
Dash has broken through the key resistance level of 0.5 Fib and is at a local ATH - very bullish
It has retested twice the major support @$200 and moved to the upside - super bullish signal
The new uptrend support channel is holding strong and each time it touches the support line (black) we have positive price action - moves strongly up.
1D MACD is showing increasing momentum to the upside.
Bollinger Band are widening with increase volatility indicting price action is increasing.
*Risk : if a liquidity event occurs, all assets are sold off, i.e. Bitcoin has a sharp correction it will affect adversely the Dash price.
We had a sharp correction and overall market has been deleverage expect more stable growth.
-- Fundamentals --
BTC dominance is falling and billions of dollars are moving into the Alt coins (see Alt coin analysis below). - ultra bullish
Most Alts have seen strong positive price actions, however, Dash still maintained a relatively low mkt cap. Very high upside potential compared to the other alt coins.
Dash has massive utility in South America and is used as a type of currency in Venezuela and other countries that are suffering from hyper inflation .
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
Comment:
*Not financial advice and is for educational purposes only. Always DYOR.
