Dash Price Weekly Analysis - Buyers in Action
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....
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Key Highlights. Dash recovered sharply after diving towards 0.0110BTC where buyers managed to protect further losses. There is a bearish trend line forming on the hourly chart of Dash, which may perhaps act as a hurdle for buyers. Dash is struggling around an important level at 0.0120BTC, which was a support earlier and now acting as a resistance for more gains. Can Buyers Clear 0.0120BTC? This past week we forecasted a downside reaction in Dash once the price went below 0.0120BTC. There was a sharp downside, which took it towards 0.0110BTC where somehow buyers managed to hold the....
Key Highlights. Dash price continued to surprise sellers as there was a major support area formed around 0.0110BTC. A bearish trend line is formed, which buyers need to clear if they have to take the price higher. A possible double bottom pattern is formed around 0.0110BTC, which might encourage buyers. Dash price found support near 0.0110BTC, but buyers need to gain pace if they have to take the price higher. What's next? There was no real action this past week in the Dash price, but there was a positive sign for bulls as a major support area was formed around0.0110BTC. Sellers made....
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....
Dash Price Key Highlights. Dash price continued to trade in a tiny range with a monster support around 0.0116BTC. Sellers are struggling to clear 0.0116BTC, which poses a threat of a bounce. As mentioned yesterday, buyers need to break the 100 simple moving average to take the price higher. There was an upside reaction in Dash price yesterday, but buyers failed to maintain gains as the price moved back lower. Consolidation Phase. Looking at the current price action, it looks like the price is under a major consolidation phase, as both buyers and sellers struggling to take the price in one....
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....