DASH Trades Second Highest Ever Today
Hi Friends,
Today the DASH price broke through key overhead resistance in the form of the .786 Fibonacci retracement level. As of this writing it briefly entered the next to highest level in the DASH/BTC pair. If the signal is confirmed the next target is the all time high and then 1.272 extension, or 127% of the all time high.
It'll be curious to see how much of the increase is due to the pre jaxx/mycelium hype. I'll be following DASH closely in the coming weeks.
Yeah, that's probably most of it but with the technicals looking so bullish I wouldn't be surprised to see momo traders entering the market too. Either way the liquidity is a good thing.
Thanks for the charting interpretation
Thanks for watching Kevin!
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