- Dash price forming an interesting pattern, which is a contradicting and divergence signal.
- There is a Triple top pattern is formed, which is a bearish sign.
- At the same time, there is a bullish trend line formed (as highlighted in yesterday’s post), which is acting as a major barrier for sellers.
Dash price is heading towards a major break, as there are several breakout patterns forming on the hourly chart.
Triple Top Pattern
A few days ago, we highlighted a double top pattern on the hourly, which stands valid till date. Now, there is a triple top pattern forming, as there was one more rejection around the 0.0130BTC resistance area. However, as the same time there is a bullish trend line formed (as highlighted in yesterday’s post), i.e. preventing the downside every time sellers make an attempt to take the price lower.
There were several attempts to take the price below the highlighted trend line, but buyers succeeded in holding the downside. The Lower Bollinger Band along with the 61.8% Fib retracement level of the last wave from 0.0124BTC to 0.0131BTC