After the failed attempt to shoot up above 21 Daily , Dash has joined the market trend and lost 7.40% over the last 24 hours.
* Dash has made a tremendous attempt to move beyond 21 on the , jumping from $68 to $93 with a blink of an eye.
* Unfortunately, this attempt went down the drain and Dash has simply left the lengthy wick on a Daily candle, duplicating the similar candle of 26Sep'19 - of a month ago.
* In its subsequent free-fall, Dash has touched 62 USD, while its market cap was bouncing around significantly during the single day.
* From now on, we expect the price to prolong its down motion to the lower band of the descending trend channel.
* The recovery might not be as fast as one would wish it to be, but the will eventually force the price up off the lower band: sooner or later.
* For the time being, we are waiting for a further decline to $55 - $57 level, where we would consider buying again.
Mid-term trade signal
Buy @ $55 - $57.
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