Dash Price Technical Analysis - Upside Reaction
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....
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Dash Price Key Highlights. Dash price moved lower Intraday, and managed to test a major support area around 0.0125BTC. If there is a break and close below 0.0125BTC the price might fall in the near term. 100 simple moving average on the 4-hours chart is likely to act as a resistance. Dash price is showing signs of weakness, which might take it lower moving ahead if sellers gain pace. Can it trade lower? The Dash price moved a bit lower yesterday, and tested an important support area of 0.0125BTC which holds the key in the near term as highlighted in one of the recent analyses. There lies a....
Dash Price Key Highlights. Dash price moved back lower once again and looks set for a retest of the last low of 0.0111BTC. There is a flag pattern formed on the hourly chart, which might cause a break in the near term. The price is below the 100 hourly moving average, signaling more losses ahead. Dash price after spiking higher found resistance around 0.0121BTC and traded lower one more time. Retest of lows? We highlighted in yesterday's post that the Dash price moved above the 100 hourly simple moving average, but the move was not convincing. As a result, there was a downside reaction....
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....
Dash Price Key Highlights. Dash price made another attempt to trade above 0.0130BTC, but failed. It looks like there is a double top pattern forming, which if turns out to be true might push the price lower. The price has settled below the 100 hourly simple moving average, which is a bearish sign in the short term. Dash price failing around 0.0130BTC is a warning sign and might take it lower moving ahead. Channel Break. We were anticipating a break in the Dash price this past week, and that did happen. The price moved higher, but found resistance around 0.0130BTC which ignited a downside....
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....