Dash Price Technical Analysis - Downside Continuation
Key Highlights. Dash price continued to decline and traded lower to create a new low below yesterday's low of 0.0107BTC. There is a lot of bearish pressure, which means the chances of more losses are increasing. If the price moves above 0.0109BTC, then there is a possibility of a short-term recovery. Dash price continuous decline is a warning sign, which means buyers have to be careful moving ahead. Importance of 0.0109BTC. There was a downside reaction Intraday, which took the price to a new low of 0.0104BTC. Now, there is a possibility that buyers might attempt to take the price higher,....
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In my previous analysis, I had discussed that a breakout from the long-held trading range would strike Dash; what followed is that the price crumbled to lower lows and is now retesting the previous support level. Since the resistance has converged with the (broken) support, the bears are increasing their pressure. With a loss of 2.95%, Dash is trading at 0.01363BTC. Technical analysis implemented on the 360-minute DRK/BTC price chart reveals that more losses may follow in the cryptocurrency and that buyers may get the opportunity to enter Dash at much lower levels. Chart Structure - The....
It seems there is no stopping Dash from digging deeper into the red. The cryptocurrency has sunk to a fresh 1-month low of 0.01163BTC as bulls refrain from entering the scene, extending the ruthless bear market that Dash has entered into. I advised in my yesterday's analysis that Dash is still not a good contrarian bet and long positions are best avoided. I maintain my bearish outlook. Trading under pressure, Dash has a value of 0.01175BTC. An analysis of the 360-minute DRK/BTC price chart reveals that the cryptocurrency may be oversold from a near-term perspective, however, the long-term....
Key Highlights. Dash price fell sharply as forecasted in Yesterday's technical analysis, as there was a crucial break noted. The downside stalled around 0.0116BTC, representing an important support area. Buyers are in control, which is why selling rallies might not be a bad idea in the short term. Dash price moved lower sharply once sellers managed to gain pace. Looking ahead, the broken support at 0.0120BTC could act as a hurdle. 0.0120BTC as a Resistance. Dash price Intraday breached an important support area at 0.0120BTC, which represents a major pivot area for both buyers and sellers.....
Key Highlights. Dash remained weak as highlighted in yesterday's analysis, and struggling to clear a major resistance around 0.0116BTC-0.0120BTC. Most technical indicators are signaling more losses in the near term. A bearish trend line is formed, i.e. acting as a minor hurdle for buyers. Dash price failing to trade higher is a worrying sign, which might ignite a downside reaction moving ahead. What's next? There was a downside move in the Dash price recently that found support around 0.0108BTC. The price managed to correct higher, but sellers were seen aggressive around 0.0116BTC.....
Key Highlights. Yesterday we highlighted that Dash price might decline further and test 0.01165BTC. Dash price crashed and traded as low as 0.01091BTC where it found bids. It remains prone to more losses, as sellers look like in control. Finally, there was a massive downside reaction, as we were predicting from the last couple of days. Looking ahead, more losses are possible as long as the price is below the 100 MA. Sell Rallies? There was a head and shoulders pattern, which we highlighted in on the previous analyses, and waited for a long time for it to take shape. Finally, there was a....