Amazing bullish moves by Dash recently. But is the bear market over yet?Looking at the DashBTC pair. Dash has tested the top of 'the' big bear channel and so far been rejected by that resistance. Seen here on 1hr chart
1hr chartDash almost had the momentum to break above it but ultimately ran out of steam (for now at least)
By zooming out to a wider timescale like on this daily chart. You can see where the channel originates.
1day chartNote on this chart RSI indicator showing overbought signal. Coupled with the resistance from the trendline at the top of the channel it looks like a correction is inevitable. I'd be expecting Dash to quite likely fall down just below 0.01 again. Which might be a good area to buy back in. If the bear market bites in deep, retest of lows is possible, but I don't think (or at least hope) that is not likely for that scenario and more likely Dash really has turned to a new bullish trend and now needs a period of consolidation before pushing on upwards above that bearish channel.
On the 1 month timescale chart below. I really like the look of the RSI and MACD which both look to be turning bullish.
1 month chartIn summary I think Dash has turned bullish, but it is not yet conclusive. A correction is here and may take some time yet to play out.. This is only my opinions for information purpose not investment advice.