Dash Price Technical Analysis - Downside Thrust Underway
Key Highlights. Dash price failed once again to trade higher, and moved a bit lower intraday. A major support area of 0.0125BTC is tested, which must hold if buyers want to prevent any further losses. 100 hourly simple moving average is still on the downside waiting to provide support if the price moves lower from the current levels. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. More Losses Likely. We highlighted previously that the Dash price failed to maintain gains after trading as high as 0.0156BTC. The....
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Key Highlights. Dash price consolidating after losses it suffered recently. On the downside, 0.0109BTC remains a key support which must hold if the price has to correct higher. Selling rallies is still a preferred option for Dash. After a monstrous decline in the Dash price, it looks like it might continue to consolidate in the short term. Price to Decline? After recent losses in Dash, it looks like price stabilized around 0.0109BTC, and there is a chance that it might correct higher moving ahead. The Bollinger Bands are contracting and forming a narrow range pattern, suggesting that a....
Key Highlights. Dash price is resuming its downside bias and is making another attempt to breach the descending triangle support. RSI is on middle ground but is pointing down, indicating that there is downside potential. Stochastic just reached the oversold zone and is moving up, suggesting a return in buying momentum later on. A break below the triangle support could mean a selloff until the next floor at 0.0110 BTC. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. There could still be a chance for support to....
Key Highlights. Dash price traded lower but found support around an important area of 0.0125BTC where buyers defended the downside successfully. There is a bullish trend line formed on the hourly chart, which might provide support moving ahead. A break above 0.0130BTC might ignite more gains in the near term. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. 0.0125BTC as a barrier. We highlighted time and again that there is a major support around 0.0125BTC, which acted as a hurdle for both buyers and sellers on....
Dash Price Key Highlights. Dash price spiked higher sharply to register a new weekly high of 0.0147BTC where it found sellers. There was a flag pattern formed on the hourly chart, as highlighted yesterday which was breached to set the tone for an upside move. The price failed completely around 0.0147BTC, reversed more than 75% of gains. Dash price climbed higher sharply Intraday, but failed to hold gains and traded back lower. Failed attempt? We highlighted in yesterday's post that the Dash price could surge higher, as there was a flag pattern formed on the hourly chart. There was a break....
Key Highlights. Dash price fell sharply as forecasted in Yesterday's technical analysis, as there was a crucial break noted. The downside stalled around 0.0116BTC, representing an important support area. Buyers are in control, which is why selling rallies might not be a bad idea in the short term. Dash price moved lower sharply once sellers managed to gain pace. Looking ahead, the broken support at 0.0120BTC could act as a hurdle. 0.0120BTC as a Resistance. Dash price Intraday breached an important support area at 0.0120BTC, which represents a major pivot area for both buyers and sellers.....