~snip~
A rebound for Dash in this area will complete a large inverse head and shoulders pattern. Marked in light blue. If this plays out Dash will turn very bullish
I agreed that DASH has to rebounce but the given chart above is too complicated, messy I meant. There are so many unnecessary lines, parabolic curves and so on. Even without that chart, let's keep it simple in way of thinking, if Bitcoin can return to $7000 price range from its bottom, so why DASh can not return to the range from 0.04 to 0.05
BTC?
By the way, the coming EST Consensus 2019 and presentation of DASH team there are very promising and highly expected by DASH community. I am waiting for official reports from DASH team on this.
Blimey I was only drawing attention to a chart pattern! That was it. I take your point about the chart being a bit messy, there are other lines on it as you correctly observed which were not relevant to my post. However they are useful for me in my own personal chart analysis on bigger timeframes. Perhaps next time I'll spend more time to clean it up.. or not.
The point about the inverse head and shoulders pattern is that it is a good one to look for bearish trend reversal back to bullish, which was the point I was trying to make. It is almost complete. A return to levels of 0.04 is not unreasonable for target
