Take a closer look, what happen of Dash & ETH after sags situation and forecast medium long period of time. First of all, nothing is good at present because of slumping abruptly with high trading volume that would kill confident of investors.
Let talking about Dash first, when the price dropped below $200, it’s a sign runs away possible as soon as you can. From the chart shows inside the green box is a follow through process from now on is still not sure about isn’t completely yet. Normally, rebound a little bit is no surprise of that. All about of emptiness and powerless emotions surround the market dominant investors feel and decision.
Irrational behaviors would be causing investors done something unwise such as dump all of it and suddenly flip side as a seller.
Chart shows a pairs of horizontal lines as a channel that region could be trading range for a while. It let time go by, head & shoulder pattern would be confirmed when the other side of shoulder shape complete; if the price rapidly up & break the top of channel but the downtrend resistance line have to stop or kills that pulse madness force. Another downtrend resistance line probably is the halt of this big correction wave. However, price climbing back to the channel then the market sentiment clam down and let volatility rest it. I bet at least of two weeks or more than a month to healing losing and hurting feel of investors will do by time! The fluctuate turn out subtle probably before next week let see what’s going on during the weekend is a struggle phase depended on that 178–182 region. Time will tell no rush at all. Rationally, predication of rebound first then back to the downtrend again until finish it whole cycle. But that rebound suddenly lose their fuel then ended up pretty ugly situation falling dramatically and completely out of control called free fall. Okay then!
ETH doesn’t look good even worst then than Dash pretty clear having twice free fall with highly trading volume so author don’t embrace too much hope for rebound probably in between of downtrend resistance line. The 250–265 is key resistance zone right now; take a break for short while.
One more thing I would like to share you guys, local news we should pay attention of ETH/HK. Due to huge supply of ETH, It’s probably escaping from CHINA evading CCP surveillance and scrutiny that situation over six month in Hong Kong appearance.
