Very unusual candlestick formations on DASH vs Bitcoin, indicative of the volatile market that we have been seeing.
To make more sense of the market, we will take a look at the flag forming and wait for a break to the top or bottom to see which direction the market will take.
Breakout to the bottom will most likely see us at the previous low of 0.04. In other words, we could face a violent drop.
That said, a breakout would be expected should prices continue to the topside. If we have to go by the PPO there will probably be a bit more sideways movement until the market makes up its mind, and decides between one of these two courses.
At the moment we are sitting in No Man’s Land. As always, good to take profit if you have bought in lower.