DASH. Resumption of the fall. The first target is $ 375, then $ 275.

[ICEXch]

DASH. Resumption of the fall. The first target is $ 375, then $ 275.

After our previous review, DASH remained in the flat trend around the slow moving average of the daily chart.
However, recently the fall resumed and the rate fell down off the average. On the following days the rate hasn’t returned so it does not seem like a false ejection.
Trend indicator "Crossing of moving averages" is on sale.
In addition, we see the "Head and shoulders" figure on the charts, lasting almost a month and having a height of $ 200.
After a break down off a “neckline” on Wednesday, the first goal of the decline is $ 375. There is also the minimum of February and the level of support.
If this level is passed, the next and historically more reliable support is $ 275.
So, short is the position, it is desirable to open when returning to the neck line at $ 570
Target: $ 375 and then $ 275.
Stop at $ 650

All Technical Analyses from the ICEX team are on our website - https://app.icex.ch/en/feed/technical-analysis

#icex #bitcoin #Cryptocurrency #investment #exchange #analysis #technicalanalysis #DASH

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[swissgang]

I agree, by looking at the chart, it is very clear that it will crash to $200-$300. It has touched $1600  I even didn't realized that when it happened what a hype...

[tdrinker]

For Dash to fall so far the whole market will need to continue to slide and I don't see that happening. There's no use in having TA for just one coin because they all move depending on the overall market.

Anyone following the advice should be sure to have the stop loss as you have, there seems to be a much bigger downside to this one than an upside given the previous ATH.