DASH/USDT found support from it's bearish movement at its broader trend line around $925. It has since broken out from $1000 creating a higher low confirming a bullish reversal and continuation of its previous trend line. RSI showing bullish movement. Resistance is located at $1200, target ATH at $1500. Breakout over $1500 possible with volume.
We've seen how sentiment can run the market, you don't have to look to far to find examples of this XRP, XLM(STR), etc. speculation for additions to Coinbase, large companies getting involved and banks teaming up and adopting the technology in the case of Ripple creates FOMO and drives price action hard. I think privacy coins will become a major topic going forward and have the potential to be great play heading into 2018. Dash is a leader in the space and has followed strong bullish trend I'll be looking for it to continue into 2018
We've seen how sentiment can run the market, you don't have to look to far to find examples of this XRP, XLM(STR), etc. speculation for additions to Coinbase, large companies getting involved and banks teaming up and adopting the technology in the case of Ripple creates FOMO and drives price action hard. I think privacy coins will become a major topic going forward and have the potential to be great play heading into 2018. Dash is a leader in the space and has followed strong bullish trend I'll be looking for it to continue into 2018