Dash has been underperforming bitcoin ever since the 2017-18 bull run just like all legacy cryptos.
Right before the 2021 alt-season, it had a few weekly wicks down to the 0.0025-27 area and dropped 20% lower than where it had last visited briefly back in 2014.
While BTC was breaking ATH, DASH put in a local low (the green zone) and was supported exactly at the 2014 wick.
I believe the weekly candles are going to turn green in the next few weeks/months and the current zone is the lowest it could go this cycle.
That said, I converted some of my BITCOIN to DASH just to catch this possible bullish scenario.
Right before the 2021 alt-season, it had a few weekly wicks down to the 0.0025-27 area and dropped 20% lower than where it had last visited briefly back in 2014.
While BTC was breaking ATH, DASH put in a local low (the green zone) and was supported exactly at the 2014 wick.
I believe the weekly candles are going to turn green in the next few weeks/months and the current zone is the lowest it could go this cycle.
That said, I converted some of my BITCOIN to DASH just to catch this possible bullish scenario.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.