Dash Price Weekly Analysis - False Break
Key Highlights. Dash this past week settled above an important resistance area, but it looks like a false break. Buyers failed to gain momentum, as the price settled back below 0.0120BTC. Dash buyers failed to take prices above 0.0125 twice, which means there are chances of it trading lower in the near term. Important of 0.0125BTC. We highlighted an important resistance area this past week around 0.0125BTC, which acted as a barrier for buyers on more than two occasions. There is also a bearish trend line formed on the hourly chart of Dash, which added to the value of the highlighted....
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Key Highlights. Dash price jumped higher before ending the past week, but it looks like it was a false break. The price was completely rejected around 0.0120BTC, which is a warning sign in the short term. 0116BTC is again a minor resistance area for more upsides. Dash price completely failing to trade higher is a worrying sign, as sellers look like controlling the current situation. More declines? The price moved higher recently, and even managed to clear a couple of important hurdles on the way up like a bearish trend line on the hourly chart and 0.0116BTC. However, it turned out to be a....
Dash Price : Key Highlights. Dash price surged higher as forecasted in one of the previous week's technical analyses. 0120BTC remains a major hurdle for buyers as it is a pivot zone. Dash price moved higher and breached a few important resistances, which suggest that more upsides are possible. Trend Line Break. We were anticipating a break higher this past week for the Dash price. There was a break towards the upside, as the price traded above a major bearish trend line on the hourly chart. The break was convincing, as the price settled above a major resistance level of 0.0116BTC. The....
Key Highlights. Dash price after surging higher corrected lower as forecasted in the weekly analysis. There is a major support building around 0.0125BTC, which is likely to act as a pivot area. A bullish trend line is also formed, which is a crucial barrier for sellers. Dash price correction phase is likely to complete soon, which means buyers might take control in the near term. 0.0125BTC as a support. As highlighted in the weekly analysis, the Dash price surged higher after clearing a couple of major resistances like 0.0120BTC and 0.0125BTC. The upside after the break was stalled around....
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 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 -....