Dash Price Technical Analysis - 0.0120BTC is a Reaction Level
Key Highlights. Dash prices declined, as there was no major catalyst to take it higher. An ascending channel, which was highlighted in yesterday's post was breached to open the doors for more losses. 0120BTC is a major support, which holds a lot of importance and if sellers succeed in breaking it, prices might move lower. Dash prices continued to stay above 0.0120BTC, but it remains at risk of a major decline if the buyers fail to push prices higher. 100 MA as Resistance. As mentioned, sellers managed to take the price below a critical channel support area, triggering a downside reaction.....
Related News
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....
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.....
Key Highlights. Dash price rebounded sharply after sellers failed to clear 0.0109BTC on a couple of occasions. It settled above the 100 hourly simple moving average, which can be considered as a worrying sign for sellers. Dash buyers are facing an uphill task, as there is a monster resistance around 0.0120BTC. A solid reaction was noted around the recent lows in Dash at 0.0109BTC where buyers successfully defended the downside. 0.0120BTC as a Major Hurdle. The Dash price managed to pop higher after failing around 0.0109BTC. Buyers successfully pierced the 50% Fib retracement level of the....
Dash Price Key Highlights. Dash price looks like consolidating in a range with resistance around 0.0120BTC. There is a bearish trend line formed on the hourly chart, acting as a resistance for buyers. The price trading near the 100 hourly simple moving average, and struggling to trade positively. Dash price struggling to trade higher as 0.0120BTC continued to act as a barrier and stalling gains in the near term. Downside Reaction. The Dash price remained under a bearish pressure, as buyers failed time and again to take the price above the 100 hourly simple moving average. There was no....
Key Highlights. Dash price continued to find support around 0.0121BTC, which is acting as a monster support for buyers. There was an upside reaction Intraday as anticipated in the Yesterday's post. A retest of the last swing high at 0.0127BTC is feasible in the near term. A major trend line formed on the hourly chart of Dash price, which is likely to act as a catalyst for buyers for an upside reaction. Retest of 0.0127BTC. Dash sellers failed miserably to break an important support at 0.0120BTC, which was stated as a major barrier in one of the previous analyses. Moreover, the 100 hourly....