DASH (DASH/BTC)

DASH (DASH/BTC) is on the bullish run again after recent dump from the year high around 0.017464. Yesterday it reclaimed much of the losses on 6% spike. The u-turn rebound could see the price ticking up forming a double or triple top. The price had fallen at this region twice in this year alone. This indicates a firm resistance is in place. Furthermore, the DASH/BTC price is in the mid of range bound market. The falling ADX is pinpoint the fading of the up trend. Therefore there still a big possibility, profit taking will spoilt the DASH bull yet again on this level. Otherwise, please do set a tp and cl level wisely if you looking to take the trade.

DASH (DASH/BTC)

Important LTC/BTC price levels to watch,
Year High – 0.017464 January 30 2017
Year Low – 0.011129 January 01 2017

## Double Top/Bottom and Engulfing Candles Strategy

Some Critical Price Levels for the Immediate Term


Important Resistance Levels


0.017464 (Year High traded omJanuary 30 2017)
0.1812928 (1.414 Fibonacci Retracement)

Crucial Support Levels


0.01686905 (0.618 Fibonacci Retracement)
0.01649500 (0.382 Fibonacci Retracement)
0.01589 (double bottom)

Trading Idea : Short on upswing to sub-0.0175 band (a double top formation


But remember set take profit and cut lose ratio to 1:2.

or

Trading Idea : Long on falling near 0.0159


But remember set take profit and cut lose ratio to 1:2.

BTC Exchanges With DASH Trading
Livecoin
Hit BTC
BitMex
Poloniex
Kraken

Remember: The author is a trader who is subject to all manner of error in judgement. Do your own research, and be prepared to take full responsibility for your own trades.

chart via tradingview



Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.