DASH

Finding a Bottom

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Seems like much of the crypto world is looking for a landing pad.

DASH has pierced the bottom Bollinger band with the moving average on 80 verses 20 which demonstrates extreme selling pressure. Price likes to stay inside the bands whether price breaks over the top band (orange arrows) or below the bottom band (blue arrow).

DASH recovered quickly today and price is now inside the bands again. However that long candle tail may give folks a hint where support is for this security.

Many wait for a horizontal consolidation zone to form so that support levels are evident, which they are not at this point.

No recommendation.

This one does not appear to have been parabolic like some others were.

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.