Dash Price Technical Analysis - Buying Dips Paid Off
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....
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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 moved higher Intraday to touch a high of 0.0124BTC. It managed to clear a critical hurdle, opening the doors for more upsides in the near term. Recent surge in Dash above 0.0116BTC was encouraging, and might help in triggering another wave of buying. MACD Signaling a Correction. Dash managed to extend its recent rally to a fresh Intraday high of 0.0124BTC. It found resistance around the mentioned area, activating a downward corrective movement in the short term. The MACD is starting to bend, signaling the possibility of a minor pullback. There is a major bullish trend....
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 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 -....
Investors in Dash can breathe a sigh of relief as the cryptocurrency seems to be staging a comeback after dropping roughly 40% from the 1-month high of 0.02495BTC achieved in March. This is in stark contrast to the bearish undertone that I had been following in my earlier analyses however, this is not to say that Dash is completely out of the woods yet. Each Dash is currently valued at 0.01403BTC. An analysis of the 360-minute DRK/BTC price chart reflects that the bears have taken a breather and that bulls are trying to claw their way back into the game. Dash seems to have broken above the....