Supposedly the pump occurred after the testate release news, which so far on any other alt always followed a dump.
Anyways, DASH had an explosive run this January, with more than 100% gains.
Look to have reached a top for the following reasons:
- Declining volume;
- Bearish RSI divergence indicating that price may soon reverse;
- Bearish CMF divergence indicating smart money has been distributing and exiting;
- Bearish TSI divergence indicating that strength is fading and price may soon reverse;
If we look at the Elliott wave theory we can clearly identify a classic impulsive wave, which normally is followed by an ABC correction.
Anyways, DASH had an explosive run this January, with more than 100% gains.
Look to have reached a top for the following reasons:
- Declining volume;
- Bearish RSI divergence indicating that price may soon reverse;
- Bearish CMF divergence indicating smart money has been distributing and exiting;
- Bearish TSI divergence indicating that strength is fading and price may soon reverse;
If we look at the Elliott wave theory we can clearly identify a classic impulsive wave, which normally is followed by an ABC correction.
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*auto corrector messed up, news is after testnet release
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Side note: I have seen pumps like this before, these are usually met with strong corrections. Good target is the red line in the chart.
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Wow, that was pretty impressive!
