Dash Price Technical Analysis - Topside Bias Vulnerable
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.....
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Bears hold complete control over Dash as the cryptocurrency continues with its spree of hitting fresh lows. In my earlier analysis on Dash, I had mentioned that the cryptocurrency is steadily losing and that it is best to stay on the short side of the trade; those who had followed this advice would have made good money (or avoided huge losses) as the cryptocurrency has plummeted to a 1-month low of 0.01231BTC. Dash is still under extreme selling pressure, languishing near the lows at 0.01254BTC. Although it is incredibly difficult to comment now as to when the ignored cryptocurrency will....