DASH - Level Hit - Where do We Go From Here
Dash was one of the few cryptos that actually recovered quite quickly forming a nice bottom "V" pattern. So does this continue higher like bitcoin' did or do we get an ABC' correction pattern? Well it's not so clear but we are forming in the target area we had previously posted on. So if you were trading you could close out the trade here and either look for a correction back into the $550-$650 area and reversal or just hold for the next target level.
I personally am choosing to hold and will add to the trade and core position on a pullback. The reason is pretty straight forward. I'm in this at a much lower level. We were adding at the $300 and then again at the $605 level and have had a nice return so far, and not only do I like the coin, I like the way this has moved and it was one of only 6 coins yesterday to be in the green over a 24 hour period, and that's vs the top 100 coins. To me this screams the market likes the coin as well. So why bet against the market?
In addition I will add on a breakout of $850 if we do not get a correction as our cost average (even though up) provides us some cushion from a huge pullback.
Bottom line we have been touting this coin for over a month, and the market agrees. It is already trading near yesterdays top and unlike other coins surged after the correction to a new high. In my opinion this coin is headed higher from here.
I personally am choosing to hold and will add to the trade and core position on a pullback. The reason is pretty straight forward. I'm in this at a much lower level. We were adding at the $300 and then again at the $605 level and have had a nice return so far, and not only do I like the coin, I like the way this has moved and it was one of only 6 coins yesterday to be in the green over a 24 hour period, and that's vs the top 100 coins. To me this screams the market likes the coin as well. So why bet against the market?
In addition I will add on a breakout of $850 if we do not get a correction as our cost average (even though up) provides us some cushion from a huge pullback.
Bottom line we have been touting this coin for over a month, and the market agrees. It is already trading near yesterdays top and unlike other coins surged after the correction to a new high. In my opinion this coin is headed higher from here.
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