DLavrov

Dash Bearish Divergence

POLONIEX:DASHUSDT   Dash / Tether USD
Dash, it's not Bitcoin and it can fall. The market gives several signals confirming downward movement. The price bounced from 650.00 level. RSI confirmed price reversal. MACD supports downward movement. We have a bearish divergence which is a trend reversal signal. DMI shows that buyers are not so strong now and we should not expect for strong upward movement. The market can drop and it will give us new trading opportunities. When to buy? If the price moves downward, a possible reversal zone will be between SMA50 and 500.00 support level. Long positions should be opened based on confirmed reversal signals. If the market breaks this zone, SMA100 will be another place for buying. Just don't forget to get reversal signals from the market.

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