The downtrend shown in many cryptocurrencies (used Dash here as in example, as it is a popular altcoin) appears to be a LOGARITHMIC one rather than linear. Drawing a triangle over this downtrend does not apply.
As you can see, the logarithmic curve is flattening indicating a possible bottom process. In addition, this is how the 2014-2015 bear market treated this coin, ending when the logarithmic trend was broken.
As you can see, the logarithmic curve is flattening indicating a possible bottom process. In addition, this is how the 2014-2015 bear market treated this coin, ending when the logarithmic trend was broken.
Kommentar:
Still holding the trend even with bitcoin breaking 5.8k support