Dash Price Technical Analysis - False Break
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....
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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 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....
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....
Key Highlights. Dash price continued to stay above 0.0125BTC, and looking for a break in the near term. There are chances that the price might break down, as many negative signals aligned favoring sellers moving ahead. The price is below the 100 4H SMA, which could encourage sellers. Dash price is trading in a range and is looking for a break either lower or higher looking ahead. Break Lower? The Dash price struggled to keep pace as there was a downside reaction after trading as high as 0.0157BTC. However, as we all know there is a major support around 0.0125BTC, which acted as a barrier....
Key Highlights. Dash price managed to clear an important bearish trend line as highlighted in yesterday's analysis. The price remains below a major barrier of 0.0116BTC, which might ignite a move lower. More losses are favored as long as sellers defend the mentioned barrier. Recent break in the Dash price is a positive sign, but buyers need to be careful as the job is only half done. 0.0116BTC as a Hurdle. There was a break noted for the Dash price, as a bearish trend line as highlighted in yesterday's analysis was pierced by buyers. The price climbed higher after the break, but the upside....