Dash, like most coins, is in a descending trading pattern. This is not as wedge-ish as BTC.
Dash/BTC - If you look at DASH/BTC we can see that Dash broke out of a descending wedge.
Volume - Because of the low volume, I anticipate a new low to be created. HOWEVER, I am looking to see if it will find support on the previous descending wedge resistance.
short term, I am bearish on BTC/USD and DASH/USD. As we see if BTC finds a 7k-6k, and if Dash come down to $420-$380 it will be interesting to see if we can stay on the bull side of the wedge.
DASH PAY will be launching by the end of this month which would be a great catalyst to see Dash take off to the .618 and .786
Dash/BTC - If you look at DASH/BTC we can see that Dash broke out of a descending wedge.
Volume - Because of the low volume, I anticipate a new low to be created. HOWEVER, I am looking to see if it will find support on the previous descending wedge resistance.
short term, I am bearish on BTC/USD and DASH/USD. As we see if BTC finds a 7k-6k, and if Dash come down to $420-$380 it will be interesting to see if we can stay on the bull side of the wedge.
DASH PAY will be launching by the end of this month which would be a great catalyst to see Dash take off to the .618 and .786