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Dash

Dash price analysis: Is long term bottom formation in the process?

  • Dash prices low formation has been shallower over time.
  • Signs of long term bottom formation.

Dash, which made a new low of the year couple weeks ago is in the process of making long term rounding bottom formation, which is bullish and could reasult in prices rallying up and away in the coming weeks/months.

DASH/USD is trading flat on day at $240.43 and in a less than 2 percent range for the day – typical of low volume weekend trading. On the 480-minute chart of the crypto, the lows formed by the Dash on the charts have been getting shallower over the past few weeks, a sign that it is slowly and surely in the process of bottoming out,

First sign of a breakout would be visible once the prices cross past the descending trendline which has a resistance around $275-$280 levels, which may take about few weeks more.

DASH/USD 480-minute chart:

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