Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
I have NO Tok abilities of TA but for me it looks like the end of correction and the completion of a diagonal triangle... Toknormal correct me if I`m wrong ....
FYI: I am a Monero proponent, so I will probably be seen as a troll, but I could still shine some light on your question.
The current pattern in the DASH chart is a descending triangle, which is a bearish pattern. See -> http://www.investopedia.com/terms/d/descendingtriangle.asp
This means it will most likely break to the downside, it already broke somewhat yesterday when it went below 0.0011.
The current situation:
We saw something similair on the XMR chart, the result:
The bigger picture:
To follow up on this, the chart currently looks a bit like a head & shoulders as well, which is also a bearish pattern -> http://www.investopedia.com/terms/h/head-shoulders.asp
I am curious as how this is going to play out, since support in the 0.01-0.011 area historically tends to be strong.