Home / Dash Coin Price Predictions / DASH (DASH/USD) Analysis November 9, 2017
DASH (DASH/USD) Analysis November 9, 2017

DASH (DASH/USD) Analysis November 9, 2017

Before concluding the general DASH improvement, now now we have to take a look at historic worth movement correction for validation. It is obvious that the 20 interval MA or the middle BB is a robust assist line throughout the weekly chart. Over a 10 month interval, DASH prices has on no account closed beneath it.

DASH (DASH/USD) Analysis November 9, 2017

Now, so far two quarters, there have been two quick corrections. The first one handed off between March and April 2017 following that worth movement overextension and shut above the upper BB. The second one occurred between June and July the place as soon as extra worth corrected after an in depth above the upper BB. Now, the newest correction on this steep improvement continues to be in course of and begun on August when DASH touched report highs of $411.

 In all these corrections two points are clear for all chartist.

First, The 20 interval MA is a rock robust assist line. Secondly, every correction wipes better than 50% of DASH value. Check out $122 to $42, $238 to $117 after which the latest $411 to $234. You moreover phrase that every leg up is accompanied by a stochastics buy signal as marked throughout the chart. Overly, by shut of ultimate week’s candlestick, DASH had misplaced 30% of its value after August retracement. It’s clear once you paste Fibonacci retracement devices from $411-$5 Hi-Los.

DASH (DASH/USD) Analysis November 9, 2017

In the 4HR chart, DASH has been oscillating inside a descending channel throughout the remaining 30 days. Well, there was a break above resistance improvement line at $280 on November 6 when worth surged $12. Since this was above the traditional 4HR candlestick range, a correction once more in route of the precept resistance line at $280 was swift.

This switch concluded a escape method and since the plan dictates, the following improvement course is about by the course of the distinctive escape which on this case was bullish. This means, we solely take prolonged positions on this timeframe every time there is a stochastic buy signal on the overbought territory. That means, we will probably be shopping for and promoting as per DASH earlier worth movement conduct following a 50% or additional devaluation. Long retailers will even be in sync with the present escape method plan throughout the 4HR chart. All these mixtures make prolonged entries low hazard and extreme reward set ups.

Trading method

Therefore, the current DASH worth prepare throughout the 4HR chart provides a great various to commerce in two strategies. One of them is to coach persistence and await a purchase order signal and the second is to place a pending buy stop order above the newest highs at $310.


DASH (DASH/USD) Analysis November 9, 2017

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