DASH is fully controlled by the bears.
https://app.icex.ch/en/feed/technical-analysis/3307-dash-is-fully-controlled-by-the-bears (graph)
Since our last review on DASH, its price has passed half of the predicted path from $ 400 to $ 200. And it seems that the second half will also be passed. And apparently, already in the upcoming week.
The market is under the full control of bears:
- trend indicators in sale on both the daily and weekly scales;
- corrective movements upward are weak, they are also on falling volumes and are interrupted by new waves of sales, so the upward movement dont get a sustained development;
- instead of corrections, we see more consolidations: flat movements near the reached minimums.
The decline reached the prices of September-October 2017 period, the area of market concentration before the November take-off. By wave analysis, this may be the ultimate goal of the decline before a new big wave of growth. However, there are no technical signs of a reversal and even no signs of a stop of the fall
Perhaps these signs will appear when the rate reaches the support level above $ 200.
Time will show.
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