Dash Price Weekly Analysis - Downside Break
Dash Price Key Highlights. Dash price after a sharp spike higher failed to hold gains and traded lower. There is a major trend break noted, which is likely to ignite more declines in the short term. Dash price once again failed to continue trading higher and moved back lower to clear a major support area. Dash Price - Retest of 0.0125BTC. We highlighted this past week that the price could trade higher, and bounce sharply. There was an upside reaction, but buyers failed to outpace sellers after some time. There was a solid selling interest noted around the 50% Fib retracement level of the....
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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....
Dash Price Key Highlights. Dash price broke down Intraday and cleared a triangle pattern as highlighted in yesterday's analysis. There is a descending channel formed on the hourly chart, which can be seen as a bullish breakout pattern. Dash price has managed to settle above the 100 hourly MA, which is a bullish sign in the near term. Dash price looks like setting up for more upsides moving ahead, as there are many things favoring buyers as of writing. Channel Break? Yesterday, we highlighted a triangle pattern on the hourly chart, which was breached by sellers towards the downside.....
Dash Price Key Highlights. Dash price continued to follow a downward sloping channel and looks set for more declines. Price is trading around the 100 hourly simple moving average, i.e. acting as a pivot area. Dash sellers were seen in control and if they gain momentum, the price might break 0.0116BTC to trade lower. Channel Break. We highlighted a critical descending channel on the hourly chart, which is acting as a catalyst for sellers and buyers. There were times when the price settled below the 100 MA and closed above it on a few occasions. There is a support area building around....
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....
Key Highlights. Dash recovered sharply after diving towards 0.0110BTC where buyers managed to protect further losses. There is a bearish trend line forming on the hourly chart of Dash, which may perhaps act as a hurdle for buyers. Dash is struggling around an important level at 0.0120BTC, which was a support earlier and now acting as a resistance for more gains. Can Buyers Clear 0.0120BTC? This past week we forecasted a downside reaction in Dash once the price went below 0.0120BTC. There was a sharp downside, which took it towards 0.0110BTC where somehow buyers managed to hold the....