Quickpost: DashBtc looks great on the monthly chart

Dash continues to show strength against the dollar and against bitcoin and so it becomes just a matter of time before lift off.

• The bollinger bands show where we may get some stalling as Dash moves up. Resistance at the baseline is to be expected, and likewise it will take a long term continuation pattern to get us through the bollinger band and to the blow off top that will signal the end of Dash's season.
  
• The RSI has shown a technical double bottom. In our current instance with a lower low on the price action could be considered some subtle bullish divergence. If we do assume a double bottom then we are looking for the RSI to move upward, and that means Dash has to go upward.
  
• The price action has given us a lower low since December 2019 but both the Stochastic and the Stocastic RSI are showing higher lows. This suggest Dash will get some movement to the upside against bitcoin in the next couple of months. Things should really get moving when the K and the D get above 20 on the stochastic.
  

On the weekly chart we can see downward sloping resistance has turned to support and this is where we see dash consolidation. Very pleasing to the patient.

If I had to pick where we would expect DashBtc to have a major stall against BTC it would be at the 2 level of this fib channel. Maybe the 1.786. Sets up a massive inverse head and shoulders on DashBtc like the one we have been dealing with on ETHBTC.

评论:

Was doing some charting on a smaller time frame and noticed that DASHBTC has found support on the EMA ribbon for the 3Day setting. Bully.

Now we just need to thrash around a bit for the EMA ribbon to unfurl bullish and we are off to the races.