Dash DSH/USD is traded at the level of 309. The cryptocurrency is trading below the lower Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Dash. The Ichimoku Kinko Hyo lower bound is expected near the level of 315, from which we expect a rebound and an attempt to continue falling Dash with a target at 240.
Dash forecast & analysis DSH/USD April 9, 2018
An additional signal in favor of the fall is the test of the upper bound of the «Bearish Triangle» model. The target of the model’s development is the area at level 220. Earlier, a weak signal was received for buy of Dash cryptocurrency, due to the crossing of signal lines at level 300.
Cancellation of the Dash fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 330, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes DSH/USD stands with the breakdown of the lower boundary of the model and the closing below the level of 270.