Dash Price Technical Analysis - Downside Reaction
Dash Price Key Highlights. Dash price moved lower Intraday, and managed to test a major support area around 0.0125BTC. If there is a break and close below 0.0125BTC the price might fall in the near term. 100 simple moving average on the 4-hours chart is likely to act as a resistance. Dash price is showing signs of weakness, which might take it lower moving ahead if sellers gain pace. Can it trade lower? The Dash price moved a bit lower yesterday, and tested an important support area of 0.0125BTC which holds the key in the near term as highlighted in one of the recent analyses. There lies a....
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Dash Price Key Highlights. Dash price after completing our highlighted sell pattern moved lower and dived sharply to trade below 0.0120BTC. The recent slide is very surprising, as the price settled below a major support area. More losses are possible moving ahead, but a short-term correction is possible. Dash price was crushed and traded towards 0.0114 to register a monstrous decline this past week. Dash Price Crucial Decline. There was a major downside reaction noted, and we were anticipating a move lower. There were a few important bearish signals noted this past week, which helped us to....
Dash Price Key Highlights. Dash price finally moved lower and retested the last swing low of 0.0110BTC. The price is still below the 100 hourly simple moving average, which is concerning and might ignite more losses. It would be interesting to see how the price trades in the near term and whether it gain bids around 0.0110BTC or not. Dash price continued to move lower and finally tested 0.0110BTC as anticipated in one of the previous posts. Downside Break? We stated many times that 0.0120BTC is a major resistance, and recently it played well. There was a downside reaction around from the....
Key Highlights. Yesterday we highlighted that Dash price might decline further and test 0.01165BTC. Dash price crashed and traded as low as 0.01091BTC where it found bids. It remains prone to more losses, as sellers look like in control. Finally, there was a massive downside reaction, as we were predicting from the last couple of days. Looking ahead, more losses are possible as long as the price is below the 100 MA. Sell Rallies? There was a head and shoulders pattern, which we highlighted in on the previous analyses, and waited for a long time for it to take shape. Finally, there was a....
Key Highlights. Dash remained weak as highlighted in yesterday's analysis, and struggling to clear a major resistance around 0.0116BTC-0.0120BTC. Most technical indicators are signaling more losses in the near term. A bearish trend line is formed, i.e. acting as a minor hurdle for buyers. Dash price failing to trade higher is a worrying sign, which might ignite a downside reaction moving ahead. What's next? There was a downside move in the Dash price recently that found support around 0.0108BTC. The price managed to correct higher, but sellers were seen aggressive around 0.0116BTC.....
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....