„Current situation looks really bad. Some traders maybe do not agree and they see a bullish wedge but in my opinion this wedge is more a channel down formation. What is the difference? Well, wedge is a trend continuation pattern and suggests us a further upswing and channel down, no surprise here, promotes a further drop. „
That was written on the 26th of May, when the price was on the 337 USD. Since that, the price was going mostly lower and reached lows on the 200 USD. Currently, Dash is having a triple bottom formation and today, the price broke the resistance of this pattern (black). Price closing a day above this area will be a strong buy signal. On the other hand, rejection should drive the price much lower.