Dash Price Technical Analysis - Target Hit, What's next?
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....
Related News
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....
Bears hold complete control over Dash as the cryptocurrency continues with its spree of hitting fresh lows. In my earlier analysis on Dash, I had mentioned that the cryptocurrency is steadily losing and that it is best to stay on the short side of the trade; those who had followed this advice would have made good money (or avoided huge losses) as the cryptocurrency has plummeted to a 1-month low of 0.01231BTC. Dash is still under extreme selling pressure, languishing near the lows at 0.01254BTC. Although it is incredibly difficult to comment now as to when the ignored cryptocurrency will....
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....
Dash Price Key Highlights. Dash price succeeded in trading higher as it spiked above a major resistance area. Our buying dips view paid off, and initial target was achieved which was 0.0130BTC. 100 hourly simple moving average was breached, which might now act as a support if the price corrects lower from the current levels. Dash price finally moved higher, as buyers managed to clear an important channel resistance area recently. Channel Break. We highlighted in yesterday's analysis a descending channel, which was supposed to act as a catalyst in the near term. There was a break noted, as....
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 -....