Dash Price Technical Analysis - Targets Hit, More Losses Likely
Key Highlights. Yesterday we highlighted that Dash price might decline further and test 0.01165BTC. Dash price crashed and traded as low as 0.01091BTC where it found bids. It remains prone to more losses, as sellers look like in control. Finally, there was a massive downside reaction, as we were predicting from the last couple of days. Looking ahead, more losses are possible as long as the price is below the 100 MA. Sell Rallies? There was a head and shoulders pattern, which we highlighted in on the previous analyses, and waited for a long time for it to take shape. Finally, there was a....
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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....
In my previous analysis, I had discussed that a breakout from the long-held trading range would strike Dash; what followed is that the price crumbled to lower lows and is now retesting the previous support level. Since the resistance has converged with the (broken) support, the bears are increasing their pressure. With a loss of 2.95%, Dash is trading at 0.01363BTC. Technical analysis implemented on the 360-minute DRK/BTC price chart reveals that more losses may follow in the cryptocurrency and that buyers may get the opportunity to enter Dash at much lower levels. Chart Structure - The....
Key Highlights. Dash price consolidating after losses it suffered recently. On the downside, 0.0109BTC remains a key support which must hold if the price has to correct higher. Selling rallies is still a preferred option for Dash. After a monstrous decline in the Dash price, it looks like it might continue to consolidate in the short term. Price to Decline? After recent losses in Dash, it looks like price stabilized around 0.0109BTC, and there is a chance that it might correct higher moving ahead. The Bollinger Bands are contracting and forming a narrow range pattern, suggesting that a....
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....
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....