Taking into account the Stoch RSI and the previous cycles in this bear market, Dash will most likely begin to establish a new support in the range of $75 to $80 and could potentially make a move up to the descending resistance in the neighborhood of $115.
In the event that there is enough power to break out of the trend, the next move up could see the price returning to the $150 support. Traders looking to accumulate for the long-term or make a short-term swing trade should set limits in the $70 to $80 range.
Continuing dumps in Bitcoin (BTC) could potentially have a negative effect on Dash, however. Considering the two previous 50 percent step-downs, it would not be surprising to see Dash fall to the $35 to $50 range in the event of a further prolonged bear market.
Read the full analysis @ BeInCrypto: beincrypto.com/will-...-snow-this-december/
In the event that there is enough power to break out of the trend, the next move up could see the price returning to the $150 support. Traders looking to accumulate for the long-term or make a short-term swing trade should set limits in the $70 to $80 range.
Continuing dumps in Bitcoin (BTC) could potentially have a negative effect on Dash, however. Considering the two previous 50 percent step-downs, it would not be surprising to see Dash fall to the $35 to $50 range in the event of a further prolonged bear market.
Read the full analysis @ BeInCrypto: beincrypto.com/will-...-snow-this-december/
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