DASH continues to be very volatile, initially tried to rally on Monday, but ended up forming a negative looking candle. I think at the end of the day, we will find ourselves reaching back towards the $350 level, where we should see some buying pressure. Being patient and waiting for a bounce or a supportive camera such as a hammer should be the best way to play this market.
Litecoin rallied a bit during the day, testing the $62 level but rolled over. I believe that this market is trying to find reason to go higher, and currently it looks as if a “sell the rallies” type of attitude continues to be the case, as the market has found significant support at the $56 level. I believe that we will continue to be very choppy, but short-term traders will continue to apply pressure.
Thanks for watching, I’ll be back tomorrow.