Dash Technical Analysis December 28th!

dash price

Dash Technical Analysis December 28th! Above is the 4 hour chart showing consolidation for Dash looking for a move higher or lower my prediction is it will move higher over the weekend breaking the $1185 resistance. I think Ripple has stolen some of Dashs thunder. Parabolic Sar is in a downtrend look for this to be broken before any upswing occurs. Stochastic RSI has crossed in the lower range and is rising a very bullish indicator. CME futures will end Friday nothing is holding back Bitcoin or ALTS at that point. Limit ups might push it higher on Sunday when CME futures open. Buying dips should be profitable till Sunday.

candle patterns

Previous Dash Price Prediction December 26th!

dash price

Dash Price Prediction December 26th! Above is the 4 hour chart showing a 4 hour uptrend getting major resistance at $1165. On a time scale Dash is on an 1 for the 4 hour usually a reversal indicator for Dash. Parabolic Sar is in a uptrend look for this to be broken before any major downswing occurs. Stochastic RSI has crossed a move into the lower range is expected. CME futures are back this might be the biggest problem for the Bitcoin price and the market as a whole. Since they started Bitcoin hasn’t seen a green day.

Now there are 4,767 masternodes https://www.dash.org/network/#section-network
Masternode owners did not sell off their 1000 Dash collateral (required to run a masternode) during the price crash. There are 4659 masternodes currently, so 4.65 million Dash are held by masternode owners. It means that the network continued to run at full capacity and proves that incentivisng people to run nodes ensure that they continue to do so. This is in contrast to other networks where there is no incentive to run a node and the numbers fall, reducing the effectiveness of the network.

I think the fact that this seems like a reasonable question demonstrates how strongly human instinct leans toward fallacious reasoning. If it’s obvious that they should hold their masternodes, perhaps it also ought to be obvious that people with >$1.2m to invest ought to set up a masternode (since both Dash and fiat currency are liquid). Somehow, that seems less obvious – although it does seem like a potentially very lucrative investment appropriate for someone who has enough money that they wouldn’t be devastated by losing most of it if the (yet unknown) future takes an unfortunate turn.
There are a few different angles on that one.

Some say Dash only gets such big rises because a large amount of Dash is ‘locked’ away in masternodes. This is untrue, it is not locked, a masternode owner can spend it anytime and there is no proof that price is affected in this way.

Others say that it lessens the impact of market crashes, that Dash isn’t as affected as other coins. We obviously saw today that this is not true either.

What it does do and what it is intended to do, is to ensure the network is kept secure by giving an incentive to keep a masternodes running. Without this Dash wouldn’t even be able to envision building a platform like Evolution.