Seems like much of the crypto world is looking for a landing pad.
DASH has pierced the bottom Bollinger band with the moving average on 80 verses 20 which demonstrates extreme selling pressure. Price likes to stay inside the bands whether price breaks over the top band (orange arrows) or below the bottom band (blue arrow).
DASH recovered quickly today and price is now inside the bands again. However that long candle tail may give folks a hint where support is for this security.
Many wait for a horizontal consolidation zone to form so that support levels are evident, which they are not at this point.
No recommendation.
This one does not appear to have been parabolic like some others were.
DASH has pierced the bottom Bollinger band with the moving average on 80 verses 20 which demonstrates extreme selling pressure. Price likes to stay inside the bands whether price breaks over the top band (orange arrows) or below the bottom band (blue arrow).
DASH recovered quickly today and price is now inside the bands again. However that long candle tail may give folks a hint where support is for this security.
Many wait for a horizontal consolidation zone to form so that support levels are evident, which they are not at this point.
No recommendation.
This one does not appear to have been parabolic like some others were.
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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.