Dash Price Technical Analysis - 0.0115BTC as Key Support
Dash Price Key Highlights. Dash price traded higher and managed to clear a major bearish trend line as highlighted in yesterday's analysis. However, buyers failed to hold gains, as there was a failure around 0.0119BTC. 0115BTC holds the key in the near term, as it acted as a support on many occasions. Dash price is testing a major support area, which must hold if buyers want to prevent downsides. Where is the price heading next? We highlighted a bearish trend line on the hourly chart yesterday, and were anticipating a break Intraday. There was a break higher noted, as the price breached....
Related News
Key Highlights. Dash price continued to slide, and even broke an important support at 0.0116BTC. The downside was not sharp after the break, as the price recovered after trading as low as 0.0115BTC. A couple of bearish trend lines on the hourly chart might play a critical role in the near term. Dash price failed to move below 0.0115BTC and recovered a bit, signaling that it won't be easy for sellers to take it lower. False Break? We were anticipating a break lower below 0.0116BTC, which did happen, but the downside move post break was limited. The price moved close to 0.0115BTC, stopped....
Dash Price Key Highlights. Dash price is struggling to gain pace after it managed to clear a major bearish trend line as highlighted previously. There is an important support area at 0.0115BTC, which must hold in the near term to avoid losses. The hourly RSI is below the 50 level, signaling the price could move lower. Dash price attempted to clear 0.0115BTC many times and failed, but buyers also struggled to take the price higher. Break Lower? We highlighted yesterday that the Dash price is struggling to gain pace and failed on many occasions to trade higher. The price moved lower once....
Key Highlights. Dash price is under pressure as sellers managed to clear an important support at 0.01195BTC. A bullish trend line on the hourly chart was breached to take the price lower. Buyers might struggle moving ahead if sellers manage to gain momentum. Dash price is vulnerable to more losses, and if it breaks below the 100 hourly simple moving average, a test of 0.0115BTC is likely. Trend Line break and Reversal. There was an anticipation of an upside move as long as the bullish trend line as highlighted in the yesterday's analysis holds. However, Dash price moved lower recently and....
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....
Dash is slipping again after briefly maintaining a thin trading range. The cryptocurrency has already retested the previous low of 0.0135BTC and looks all set to challenge the April-low of 0.0131BTC. The market has shown no interest in Dash and consequently, the upward momentum has faded leading to a drop in cryptocurrency value. Each Dash is now worth 0.01365BTC, which is 2.5% down from yesterday's level of 0.014BTC. Technical analysis implemented on the 360-minute DRK/BTC price chart brings forth some very interesting trading information. Chart Structure - In a major dent to the bullish....