Dash DSH/USD completes the trading week near area 297. The cryptocurrency is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Dash. The test area of Ichimoku Kinko Hyo signal lines near level 370 is expected, from which it is expected to rebound and continue the development of the bearish trend with a target near level 70.
Dash (DSH/USD) forecast April 2 — 6, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the bearish trend line test. Earlier, a strong signal was received for sell of Dash cryptocurrency, due to the crossing of signal lines at 585 level.
Cancellation of the variant of falling quotations Dash will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 510, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations DSH/USD is worth a breakdown of the support area and closing below the level of 250.
However, we should not exclude the attempt to create an bullish model of the «Wolfe Wave». The target of working out this model is an area above the level of 900. In this case, after the test of area 70, quotes of Dash can show the growth and completion of the bearish trend.
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