DASHUSD

DASHUSD

On March 1 I wanted to buy dashbtc if it dropped another 10% from the level marked back then. Well my target level has not yet been reached, so I am waiting patiently. Meanwhile I am looking for other dash opportunities, this time versus the dollar. 

When evaluating the chart, the continuation of the downtrend seems to be a number one choice. But descending triangles can produce sharp and powerful bullish moves. One can find numerous examples of extreme upswings following this pattern. Breaking the resistance could result in a nice bullish rally here. Think also of the extra pressure on dashusd coming from the recent strong bearish move in the market. Waiting to see how this triangle will be resolved and ready to buy aggressively if the ceiling is broken.

 

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