Following rapid growth, DASH has corrected by more than 50%. The price found support near the $212 level. Dynamic support is provided by MA100 on the H4 timeframe.
Currently, the asset is consolidating. We can consider this action as a form of building up energy with an upward target of $332 or perhaps the renewal of the ATH.
Entry can be considered in the range of $230 – $240.
Stop loss should be placed under $212.
Targets for the upward movement would be:
- $270
- $290
- $315
- $332
