The consolidation period on the Dash cryptocurrency, which lasts almost exactly two weeks, is prolonged. This type of situation can cause a sharp movement when price will breakout one of side trend limitations. Due to the prevailing bull market, the higher probability stands on the demand side. The first target for bulls seems to be the level of resistance located in the price region of 1330 USD.

Picture 1. Technical analysis, dash, H1,5.1.2018

A similar scenario is breaking the lower limit and continuing declines at least to the local, round support level of 800 USD. In this area there was a sudden increase in growth, what suggests that the buyers may still be here.

Picture 2. Technical analysis, dash, D1.5.1.2018

A larger perspective shows that consolidation is close to the last highs, therefore the creation of new high may take place in January.

Risk Warning: The contents of this analysis is for informational purposes only and does not constitute investment advice.

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