Dash Price Technical Analysis - More Gains Likely
Key Highlights. Dash price moved higher, but failed to clear a couple of major resistance levels. It looks like buyers might be able to push the price higher, as there is a critical support trend line positioned on the downside. 100 hourly simple moving average is aligned with 0.0125BTC, which represents a major support area. Dash price is showing signs of more gains, but buyers need to gain momentum before they can push prices higher. Push Higher? The price managed to climb higher recently to trade near 0.0144BTC where it found sellers. The stated level was coinciding with the 61.8% Fib....
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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 Technical Analysis - Key Highlights. Dash price managed to stay above 0.0116BTC, but remains at risk of more losses. There are a couple of bearish trend lines formed, which are protecting gains in Dash. As long as the price is below 0.0120BTC it might continue to move lower. Dash price corrected a bit higher after settling around 0.0116BTC, but the upside was limited due to the number of hurdles on the upside. Can sellers break 0.0116BTC? As we highlighted yesterday that the Dash price found support around an important area of 0.0116BTC. The mentioned support was protected....
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....
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....
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 -....