When global support breaks through in a triangle, go to 5000 sat. Stoop-loss at 8000 - 8200 sat. Volumes are large, but can be seen in the shadow of the candle that buy at this level, while good support.
After a prolonged fall, OMG reached the global support zone on which it resisted and formed a double bottom. Now we see the movement up the ascending channel, as well as the figure of the wedge. At the moment we can expect a correction to the movement to 0.786 Fibo level with the subsequent increase to the upper border of the wedge 0.618 level of Fibo. When it...
Now we see the falling wedge formed. 0.5 level of Fibo is a support zone, from which we bounce for the third time. In this situation, we can touch the support zone at the blue point for the fourth time, and go to the upper border of the wedge when we break through it boarder, we go higher to 0.618 Fibo level. If we break through the 0.5 Fibo level for now it's...
At the moment we have formed a double bottom and the trading volumes in these points are significant, this tells us that this zone is a good support zone. This can be a signal for good growth opportunity to the upper boundary of a large triangle, which coincides with the 0.618 Fibonacci level. But on this path there are still other local resistance at 0.236 and...
Now we see how hell broke the 0.78 Fibo level, but could not resist and punched it down, thus forming a figure of head and shoulders, as well as the right shoulder coincides with the line of global resistance, which was not punched twice the previous time. If the demand for the asset exceeds the supply and we see a repetition of the level of 0.76 Fibo and the...
We can go to 0.5 Fibonacci level and make a pattern head and shoulders after this go down to retest 0.786 Fibonacci level or go to touch of 0.38 point at if we break it, go higher to the next resistance and have sign to new wave of growth, if not broke - go retest 0.786 Fibonacci level - long support zone.
After such rapid growth and large volumes, correction to 0.618 Fibonacci should be followed and continue to the upper limit of the triangle, which is resistance. If buyers will prevail in the market, then soon we can see the asset at 0.382 Fibo level and when breaking through the resistance line of the big triangle go higher to the past ATH levels.
Recently, DASH has been growing steadily, but against the backdrop of a growing dominance of the BTC, we can see the asset correction at 0.382 and 0.618 Fibonacci levels. If we break through the current level of resistance, it's the channel of the downtrend, there will be the possibility of movement for further upward movement to the next resistance #2
What will we see next with all this? What is the current phase in your opinion? What will happen next, your Ideas?
Today fall give to us sign for continue bearish trend and we can retest one more time 6000 price