It is no coincidence DASH has corrected with the rest of the market. But is it finished?
Here is a little closeup of DASH/USD 1 hour chart
The guppy show a tighter group in grey, meaning short term traders and long term investors are pretty agreed about the price, but traders turned it down again.
And even closer we can see a bear flag, alternatively a couple bull wedges. Need to confirm outside the flag to know, and it did while typing this.
The 4 hour chart is the only place giving support here
Here is the daily chart, and it does not look so good.
My primary is price will come closer to the apex and $200 if we break the red line.
Keep the first picture in mind and you know it will probably not stay down there for long.
If it bounces it will be from here and a definitive breakout from the wedge could initiate a new bullrun.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
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