Dash Price Technical Analysis - Upside Thrust and Reversal
Dash Price Key Highlights. Dash price spiked higher sharply to register a new weekly high of 0.0147BTC where it found sellers. There was a flag pattern formed on the hourly chart, as highlighted yesterday which was breached to set the tone for an upside move. The price failed completely around 0.0147BTC, reversed more than 75% of gains. Dash price climbed higher sharply Intraday, but failed to hold gains and traded back lower. Failed attempt? We highlighted in yesterday's post that the Dash price could surge higher, as there was a flag pattern formed on the hourly chart. There was a break....
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Key Highlights. Dash price failed once again to trade higher, and moved a bit lower intraday. A major support area of 0.0125BTC is tested, which must hold if buyers want to prevent any further losses. 100 hourly simple moving average is still on the downside waiting to provide support if the price moves lower from the current levels. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. More Losses Likely. We highlighted previously that the Dash price failed to maintain gains after trading as high as 0.0156BTC. The....
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 is resuming its downside bias and is making another attempt to breach the descending triangle support. RSI is on middle ground but is pointing down, indicating that there is downside potential. Stochastic just reached the oversold zone and is moving up, suggesting a return in buying momentum later on. A break below the triangle support could mean a selloff until the next floor at 0.0110 BTC. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. There could still be a chance for support to....
Dash Price Technical Analysis - Key Highlights. Dash price managed to stay above 0.0116BTC, but remains at risk of more losses. There are a couple of bearish trend lines formed, which are protecting gains in Dash. As long as the price is below 0.0120BTC it might continue to move lower. Dash price corrected a bit higher after settling around 0.0116BTC, but the upside was limited due to the number of hurdles on the upside. Can sellers break 0.0116BTC? As we highlighted yesterday that the Dash price found support around an important area of 0.0116BTC. The mentioned support was protected....
Investors in Dash can breathe a sigh of relief as the cryptocurrency seems to be staging a comeback after dropping roughly 40% from the 1-month high of 0.02495BTC achieved in March. This is in stark contrast to the bearish undertone that I had been following in my earlier analyses however, this is not to say that Dash is completely out of the woods yet. Each Dash is currently valued at 0.01403BTC. An analysis of the 360-minute DRK/BTC price chart reflects that the bears have taken a breather and that bulls are trying to claw their way back into the game. Dash seems to have broken above the....