Dash Price Shows Signs of Important Reversal
Key Highlights. Dash price surged higher and avoided a break below 0.0115BTC once buyers jumped into action. Yesterday's highlighted bullish outside bar pattern paid off and took the price higher. Prices traded close to 0.0121BTC where it found resistance before moving lower once again. Dash price showing signs of a reversal, as buyers successfully defended the downside and pushed the price higher. What does the recent break mean? Yesterday, we highlighted an important bullish pattern on the hourly chart, i.e. a bullish outside bar, which turned out to be valid and took the price higher....
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Key Highlights. Dash after trading as high as 0.0130BTC failed to maintain momentum and fell back sharply. It formed a short-term reversal pattern, which is likely to ignite more losses moving ahead. Downsides in Dash are likely if sellers manage to clear the 100 hourly simple moving average, as there are a lot of bearish signs emerging. 100 MA as Support. Dash traded lower recently after forming a toppish pattern on the hourly chart around 0.0130BTC, but sellers are facing a major resistance in the form of 100 hourly MA. Moreover, the 50% Fib retracement level of the last wave from 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 under pressure as sellers managed to clear an important support at 0.01195BTC. A bullish trend line on the hourly chart was breached to take the price lower. Buyers might struggle moving ahead if sellers manage to gain momentum. Dash price is vulnerable to more losses, and if it breaks below the 100 hourly simple moving average, a test of 0.0115BTC is likely. Trend Line break and Reversal. There was an anticipation of an upside move as long as the bullish trend line as highlighted in the yesterday's analysis holds. However, Dash price moved lower recently and....
Dash Price Key Highlights. Dash price finally surged higher and broke several hurdles on the way up. The recent upside move in the Dash price is encouraging and a sign of things to follow. A break above 0.0118BTC might set the price for more gains in the near term. Dash price showing signs of more upsides as there was a sharp move higher Intraday taking the price towards a major bearish trend line. Break Possible? The price after a failure to move lower spiked and traded above a bearish trend line on the hourly chart, which acted as a pivot for more gains. The price surged higher and even....
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....