DASH/BTC is showing bullish divergence on the RSI and on the CMF on the 4-hour indicator. MACD is also showing bullish divergence, but I did not show it here. Alongside that, it is within a falling wedge pattern as it nears support on the .786 fib line. If you guys caught my LTC/BTC analysis from last night, this looks eerily similar. Only risk is if BTC decides to move down. I made another analysis where I outlined why I thought it would go down, but the bulls defended 6360-6370 with some force, so there is a chance we could see it move to the upside, it's honestly 50/50 right now for which direction BTC will take.
Higher risk entry: 23600-23800.
Best Entry: 23435-23550 (I'm guessing it will go down to these levels before moving up, but there is a chance it could break to the upside before then, so do your own diligence and risk-assessment.)
Target 1: 25450
Target 2: 27200
Target 3: 30000
SL: 22000-23000 depending on risk level.
Big thanks to cervantescerville for telling me to check out DASH, wouldn't have checked it out had he not sent me images of the fib lines and of the bullish divergence on the RSI and MACD.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Higher risk entry: 23600-23800.
Best Entry: 23435-23550 (I'm guessing it will go down to these levels before moving up, but there is a chance it could break to the upside before then, so do your own diligence and risk-assessment.)
Target 1: 25450
Target 2: 27200
Target 3: 30000
SL: 22000-23000 depending on risk level.
Big thanks to cervantescerville for telling me to check out DASH, wouldn't have checked it out had he not sent me images of the fib lines and of the bullish divergence on the RSI and MACD.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.