Dash VS Bitcoin Cycles
Updated
Since April 2017, Dash has been ranging between btc 0.04 and 0.08 areas. The consolidation continues to this day without any clarity on further direction.
According to cycles, the price should have produced a wave down since February, but it has stuck near the btc 0.06. DASH/BTC has attempted to break below the 200 Moving Average but yet, it only producing spikes lower. The btc 0.055 area remains the support and the next wave according to the cycles could be up.
If the support will not be broken, Dash should be moving upwards towards btc 0.08-0.1 area, and only btc 0.1 breakouts could confirm the long-term uptrend.
According to cycles, the price should have produced a wave down since February, but it has stuck near the btc 0.06. DASH/BTC has attempted to break below the 200 Moving Average but yet, it only producing spikes lower. The btc 0.055 area remains the support and the next wave according to the cycles could be up.
If the support will not be broken, Dash should be moving upwards towards btc 0.08-0.1 area, and only btc 0.1 breakouts could confirm the long-term uptrend.
Note
wave up?
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