oliviermo75

DASH / USD Shoot the moon !

KRAKEN:DASHUSD   DASH / USD
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Here we have DASH/USD on the 4H chart.

DASH/USD appears to be in a corrective move. Price has recently been trading within a rangebound structure, between a horizontal support zone at $591 and a horizontal resistance zone at $688.

Price is picking up momentum to the downside. Price had an initial low of $409 on 6th             February, and since then there has been higher lows in the pair. It looks like the bullish momentum across the Cryptocurrency board might legitimately be back.

I am expecting DASH 10.36% (24h)to continue with it's current momentum, and hit the horizontal resistance level which is our target, at $688.

This trade could play out in 2 ways :

-Price continues it's strong momentum to the upside, and hits the upside target at $760 in one strong swing move. Bare in mind if this does happen it is extremely likely that price will once again be going back into higher levels, and would show a significant change of investors sentiment in Cryptocurrency as a whole, and prices returning to their higher levels would be likely.

-Price retests the horizontal support zone at around $591 before the new move comes in.


The last 24-hour trading volume is currently about $100,996,000 with a circulating supply of 7,883,738 DASH out of a max of 18,900,000 DASH.
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