Dash Price Technical Analysis - Bullish Reversal
Key Highlights. Dash price failed to break a critical support area at 0.0116BTC and traded back higher. There was no way for sellers to take the price lower, and as a result there was an upside reaction. A solid bullish bar is formed on the hourly chart, which has the potential to take the price higher. Dash price was rejected around 0.0116BTC on a number of occasions, which resulted in a spike higher. Consolidation Phase. We highlighted the importance of 0.0116BTC support area that helped buyers time and again. There was a rejection noted Intraday around the mentioned support area, and....
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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....
On the back of strong bullish pressure, Dash continued with its upward march before peaking out at 0.01610BTC. Dash then fell roughly 10% from the high to touch a low of 0.0145BTC. I had advised in my earlier analysis that the cryptocurrency was highly overbought and that it may be time to take some money off the table. Since the cryptocurrency is currently trading close to its strong resistance level, booking partial profits is the wise thing to do. Each Dash is now worth 0.01505BTC. A technical check of the 360-minute DRK/BTC price chart indicates that the virtual currency may witness....
Key Highlights. Dash price failed to move lower and continued to trade higher. Our anticipated Double Top pattern resistance was broken, cancelling the view of a downside reaction. More gains are likely as long as the price stays above a crucial bullish trend line formed on the hourly chart. Dash price moved above 0.0127BTC, and continued to follow a nice bullish trend with sellers failing time and again to defend the upside. 0.0124BTC as a Buying Area. Dash price silently moved above a critical resistance of 0.0127BTC with the opening bell and cancelled the probability of a downside....
Dash continues with its strong rebound from the oversold levels, decisively breaching the target of 0.01330BTC. On the back of strong momentum and supported by heavy volume, Dash has soared more than 18% in the past 24 hours. With bulls continuously pushing for higher highs, Dash is now worth 0.01500BTC. As the cryptocurrency successively crosses previous peaks, it becomes imperative from a trading viewpoint to examine whether it has become overbought in the near term. Technical indicators overlaid on the 360-minute DRK/BTC price chart reveal that it may be time to take some money off the....