Dash, as a blockchain company, which seems insusceptible for the pandemic in this year. No big difference, no crazy things like crude oil, just some gaps there and which is normal for Dash. I think everyone should get used to it. Volatility is part of dash anyway. So some traders avoid things like this.
Great traders can make money in any situation!
Now let’s look at signals.
I know that gap catches a lot of eyeballs, but that is not the only signal for us. MACD and candles are divergent to each other in a short period of time, which is a bullish divergent. RSI supports the MACD bullish divergent signal, however, the signal is not very strong. As can be seen, the RSI line is just below the 50 levels but not too much.
After considering all the signals, I would conclude that the price of Dash is going to reverse. The Dash is always unstable, so do not expect too much on that and no one can guarantee the trend for the long term.
Anyway, We already have one green candle now.
Let’s expect to rise in Dash.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.