Some big whales dont want the price of DASH to breakout higher. Price keeps topping off and then sent back down, but were back to those levels and wanting to break out.
DASH has been on a steady upward beat. Its bumped into a MAJOR RESISTANCE LEVEL several times that has kept price from going higher. Theres has not been a single candle close above on a higher time frame. There has been candles close above but on the 1hr time frame, thats not good enough. There has to be a candle close on the 4hr and preferably on the 1DAY time frame in order for DASH price to go higher. The candle not only has to close above but it has to be a good signal candle, like the one drawn in the chart.
[DASH 4HR]
[DASH 1HR1]
On the smaller time frame there have been candles closing above the resistance zone, those can only be seen as weak attempts to go higher but thats not good enough to get more people interested in buying long. The last green candle that close above was a very strong candle and many traders will see that as a good sign that price wants to go higher. One can only assume that based off price action and the bullish sentiment of the wholy crypto that price will want to go higher. Its no guarantee, as in trading nothing is guaranteed, one can only make calculated guess and go with the trend.
[DASH 1HR2]
If price fails to breakout and stay above, then there might be a big pullback for DASH, poss to highlighted areas of support.
This not a signal service, nor is it financial advise. You buy and sell as you please.
Plese upvote if you like.
Happy trading folks.
I for one am glad the price stays down, it means I can keep stockpiling it.
absolutely, DASH is one of the cryptos for the long run. Buy the dip!