Dash Price Technical Analysis - Break Eyed
Key Highlights. Dash price continued to stay above 0.0125BTC, and looking for a break in the near term. There are chances that the price might break down, as many negative signals aligned favoring sellers moving ahead. The price is below the 100 4H SMA, which could encourage sellers. Dash price is trading in a range and is looking for a break either lower or higher looking ahead. Break Lower? The Dash price struggled to keep pace as there was a downside reaction after trading as high as 0.0157BTC. However, as we all know there is a major support around 0.0125BTC, which acted as a barrier....
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Dash has rebounded strongly after hitting a fresh 1-month low of 0.01163BTC yesterday; the price has jumped more than 6% from the previous observation of 0.01175BTC to the current 0.01267BTC. It was earlier discussed that the cryptocurrency was highly oversold and may stage a rebound and now with that accomplished, it will be interesting to see if Dash is able to break the lower-top, lower-bottom structure. Technical analysis of the 360-minute DRK/BTC price chart implies that there is steam left in Dash, but even that may not be enough to script a trend reversal. DashCoin Chart Structure -....
Key Highlights. Dash price managed to clear an important bearish trend line as highlighted in yesterday's analysis. The price remains below a major barrier of 0.0116BTC, which might ignite a move lower. More losses are favored as long as sellers defend the mentioned barrier. Recent break in the Dash price is a positive sign, but buyers need to be careful as the job is only half done. 0.0116BTC as a Hurdle. There was a break noted for the Dash price, as a bearish trend line as highlighted in yesterday's analysis was pierced by buyers. The price climbed higher after the break, but the upside....
Key Highlights. Dash continues to struggle, as the shoulder resistance (highlighted in yesterday's analysis) at 0.0125BTC stalled upsides on many occasions. As long as the prices are below 0.0125BTC, Dash might head lower. Our highlighted head and shoulders pattern is still valid, and if bears gain control, we might witness a pullback in Dash. 0.0125BTC as a Hurdle. Dash settled above the 100 hourly simple moving average, which took the price towards 0.0125BTC. The mentioned level represents a shoulder resistance area of the head and shoulders pattern as highlighted in the chart attached.....
Dash Price : Key Highlights. Dash price surged higher as forecasted in one of the previous week's technical analyses. 0120BTC remains a major hurdle for buyers as it is a pivot zone. Dash price moved higher and breached a few important resistances, which suggest that more upsides are possible. Trend Line Break. We were anticipating a break higher this past week for the Dash price. There was a break towards the upside, as the price traded above a major bearish trend line on the hourly chart. The break was convincing, as the price settled above a major resistance level of 0.0116BTC. The....
Dash Price Key Highlights. We highlighted yesterday that the Dash price might have completed a 5-waves up pattern and could move lower in the near term. There was a break lower, as the price moved below a major trend line support area to test 0.0124BTC. The Triple top pattern formed was valid and helped sellers to gain control. Dash price finally moved lower and cleared a critical support area to open the doors for more losses. Downside Break. As mentioned in yesterday's post, we highlighted a couple of important patterns and were waiting for a break in the Dash price. There was a break....