ZEC ran first: $1,126 to $1,388 in four days. Is DASH the catch-up leg of the privacy trade, or the trap? I'm watching $48.72 for the answer.
DASH is up 5.8% at $47.36, $BTC just 0.8% — same sector bid, one coin late. The Nov 6 noon candle did it: $45.60 to $47.97 in four hours on the day's biggest volume bar, and $46.76 held since. No Dash-specific news — no upgrade, listing, or partnership today. Rotation, not a re-rating: the same tape flushed to $43.28 on Nov 5, and DASH is still down 2% on the week.
My lines: support $44.41, the Nov 6 low, with $43.28 behind it. Resistance $48.72, then $50.00, the Nov 4 high.
Three ways: A) Rotation extends — a close above $48.72 puts $50.00 in play. B) Giveback — the breakout candle was the move, and price drifts back to $44.41. C) Chop — the sector waits on ZEC. Wrong on a close below $44.41.
A, B, or C — which are you watching, and what moves you off it?
NFA, DYOR.
$DASH $ZEC #PrivacyCoins #Dash #Altcoins
DASH is up 5.8% at $47.36, $BTC just 0.8% — same sector bid, one coin late. The Nov 6 noon candle did it: $45.60 to $47.97 in four hours on the day's biggest volume bar, and $46.76 held since. No Dash-specific news — no upgrade, listing, or partnership today. Rotation, not a re-rating: the same tape flushed to $43.28 on Nov 5, and DASH is still down 2% on the week.
My lines: support $44.41, the Nov 6 low, with $43.28 behind it. Resistance $48.72, then $50.00, the Nov 4 high.
Three ways: A) Rotation extends — a close above $48.72 puts $50.00 in play. B) Giveback — the breakout candle was the move, and price drifts back to $44.41. C) Chop — the sector waits on ZEC. Wrong on a close below $44.41.
A, B, or C — which are you watching, and what moves you off it?
NFA, DYOR.
$DASH $ZEC #PrivacyCoins #Dash #Altcoins
