DASH / USD has sustainably broken the long-term uptrend (black line) on a daily basis, giving a dangerous bearish signal. A last typical pullback movement at the beginning of June 2018 from below to the trend line before the downward movement continued.
However, like many other crypto-currencies, I note that the great downward momentum seems to be over. On the volume side, too, there is no new confirmation of this downward trend.
At the moment, however, it is far too early to speak of a trend reversal. The picture of DASH has deteriorated too much and I expect that the price will still test the $200.00 range.
According to the chart technique, there is a possibility of a bottom formation. Should this occur, greater resistance in the range of $335.00 and $418.00 can be expected.
Only with a daily closing price above $495.00 does the picture brighten and a further recovery can be expected.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
