Dash, slow but downward shaping trend forming a triangle

in busy •  7 years ago 

Dash has formed a triangle and we should be waiting for the nest direction to show up. (Upward or Downward with 50/50 probability)

As you can see on the chart below (daily chart), since the all time high at $1530, Dash has been in the correction phase and formed a downward trend, hardly noticeable but downward.
The last 9 days of Dash market formed a triangle which means, that we reached a critical point where bulls and bears should decide who will be ruling for the next term.
image.png

Let's take a look at 4H chart:

image.png

As you can see, we have a same picture here - with the lower highs and higher lows the forming of a triangle can be confirmed tomorrow. After that the price can go to the either direction from the beginning of the new year.
Let's wait and act accordingly

_________________________________________

Note that Dash has been one of the outstanding performers of the 2017, gaining 10 000%, and reaching market capitalization of almost 9 billion dollars. Currently Dash is the 9th largest cryptocurrency in terms of total market cap.

________________________________________________________

Good luck to all crypto enthusiasts. Keep your investments diversified and everything will just be all right.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

dash price going high some days later

Maybe. It's 50/50.

I am amazed to read this article because after reading this article my mind becomes open. I am aware, I have been too closed with new things and feel already know. It affected me that I became a Sok Tahu

This article reminds me to keep digging and keep searching for information and new things.
But I have not understood the substance of the positive thought itself as to what and how to make our minds become positive. Maybe in another article can explain a little bit the meaning of positive thoughts.

Thank for your interest and commenting but I don't really understand what do you mean.
Maybe you can express it in different words.

This post has received a 0.32 % upvote from @buildawhale thanks to: @anakur. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.

To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness

You got a 0.33% upvote from @upme requested by: @anakur.
Send at least 1.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness