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DASH/USDT Fast Movements And A Possible Return To The Monthly PG

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DASH/USDT that was a fast breakout

Some time ago I posted a PG in Dash and now we saw a powerful breakout. You see such a breakout more often in the less capitalized cryptocurrencies. But Dash is already a bigger fish in the pond and that leaves questions.Such a wick on a monthly basis is already a statement

The PG on the monthly chart and the quick end

A classic breakout looks in a higher price range certainly different but the crypto markets are just often very volatile. On the 12 hour chart you can see the breakout and if you were in time, then returns of over 100% could be realized.

Now, however, it looks more like a correction or even a retracement to the PG triggermake at $158. The experience is still missing in the Dash but we now have a confirmed breakout on a monthly basis. If the buyers now strike again and take the 250$ mark, then much higher prices are of course also possible.

With a retracement to the trigger mark at $157, an ABC correction will also end. Dash is in an upward trend and this could be a good opportunity for a cheaper entry. So let the market decide, because he is always right.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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I am not a financial advisor nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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