DASH - Signs of Reversal Showing?

DASH has seen a steep decline in value since it's high at almost $190. Feels like a lifetime ago...

It's been trading in a steady downchannel. Big picture, we can see signs of a consolidation triangle forming, with the tip being relatively soon.

INDICATORS:

• MACD divergence shrinking. could be a good cross coming.
  
• Stoch on the uptick but not overbought.
  
• Volume big spike on the recent resistance retest and bounce down. Since then, big drop.
  Also decreasing sell volume on red days. last 3 green candles in a row have all posted higher buy volume.
  
• EMA we're well below all major EMA's. This is often a sign of a reversal.
  
• Trading on a hard fib level right now.
  

Overall Thoughts:
We're seeing a trend across the markets right now of big price corrections across the board since BTC has been relatively stable the past few days: SXP, LINK, XMR, YFI, etc., etc. DASH tends to trade in that class of cryptocurrency. I sense there's a high probability this will take off soon.

Indicators are pointing towards shrinking downtrend, we had a bounce off some solid support, and overall trends are pointing towards long term price consolidation for DASH.

Look for a short term dip you might be able to buy, SL under previous low as long term triangle makes it unlikely we'll dip below there.

TP's on the chart.

Remember it's a 1D chart: It might not move all at once. Be patient.

--
"Perceive that which cannot be seen with the eye." - Miyomoto Musashi
--

I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.

If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)

Komen:

TP #1 Hit