Dash Price Key Highlights
- Dash price looks like completed a 5-waves up pattern and might head lower in the near term.
- There is a Triple top pattern formed (as highlighted yesterday), which could push the price lower.
- Besides, there is a bullish trend line formed, which must be cleared for more losses in the near term.
Dash price might have created a short-term top, as there is a wave sequence completed on the hourly chart.
As mentioned in yesterday’s post, we are waiting for a break in the Dash price. There are a couple of important things formed on the hourly chart, which might act as a catalyst for the next move. The first one is a triple top pattern formed around the 0.0130BTC resistance area, which was also the double top resistance earlier. Moreover, the price is also below the 100 hourly simple moving average, which is a negative sign for sellers. However, the most important point is the fact that the Dash price might have completed a 5-waves pattern at 0.0130BTC, and it could be heading lower in the near term.
Read more ... source: TheBitcoinNews