Morning! Hope everyone has had a good weekend.
I was asked about Dash, so I'll write my thoughts here.
DASHUSD fell roughly 60% from the 200 high and managed to find support on 80.
It is currently trading around $92.
The VMA ( volatility moving average) is resting above it near 180, suggesting the long term volatility is in the bears' favor.
For a short term reversal, the bulls will need to claim 100 resistance for a 140 test.
Until they do, I believe there is more downside.
I was asked about Dash, so I'll write my thoughts here.
DASHUSD fell roughly 60% from the 200 high and managed to find support on 80.
It is currently trading around $92.
The VMA ( volatility moving average) is resting above it near 180, suggesting the long term volatility is in the bears' favor.
For a short term reversal, the bulls will need to claim 100 resistance for a 140 test.
Until they do, I believe there is more downside.