THIS IS ONLY MY SPECULATION YOUR THE ONE WHO DECIDE IF YOU WANT TO FOLLOW IT OR GIVE SOME ADVICE FOR THE OTHER PEOPLE WHO ALSO READ THIS THREAD.
from time to time i will try to make an update post here when i have a free time to give some speculation and advice to others interested in DASH/BTC
so lets start.
This is the Daily Support and Resistance price chart (BLUE)
As you can see. the latest price chart
*Near at the support (there is a chance of reversal)
*5 consecutive days of red candle (price fell down chance of reversal )
*Due to normal volatility the price wont exceed at the S/R , price follow where is S/R
This is the Daily chart having a indicator of Bolinger Band
Bollinger band indicator measure the volatility of current asset and also give a little confirmation where the price go.
* as of now even there has a 5 consecutive red candle and at the support zone of daily chart, for me bollinger band tells just wait a little more cause this not yet the right timing to enter the market. WHY?.
Because the current price located at the down part of the bollinger band. if the price pass through the middle line (brown) wait for the pullback of the price the enter the market. (second confirmation)
This is the Support and Resistance price chart (green)
*Currently making a retest but im not sure yet cause its ongoing. maybe it will pass through or it will consolidate the price.
*If the price consolidate there's a hint that it will bounce. but for me its not the time to enter the market. wait for it to make a rally then wait for a pull back at the daily chart at that time the price already pass through the bb and your criteria already met to enter at the market..
NOTE: Invest what can you afford to lose so that it will not affect whats yours insights. there are no 100% in trading im just giving my Speculation. Hope this thread help you.