CoinDash VS Bitcoin Getting The Momentum

CoinDash has found th bottom at 400 satoshis and since then has established a clear uptrend while producing higher highs and higher lows. Price broke above the descending channel as well as 50 Moving Average. The 50 Moving Average now is acting as a support which has been rejected multiple times.

It seems CDT/BTC is getting enough momentum to continue going higher, where the strong resistance is seen at 1770 satoshis. The resistance is confirmed by two Fibonacci retracement levels, 88.6% and 527.2% Fibs applied to the corrective wave after the break above the Moving Average.

On a downside, price could correct down to the uptrend trendline or even 460 satoshis support before moving higher. Although the uptrend contamination at this stage is much move favorable.

Source: http://cryptopost.com/coindash-vs-bitcoin-getting-the-momentum/
Telegram channel: https://t.me/cryptopost