Dash Price Technical Analysis - More Gains Ahead?
Dash Price Key Highlights. Dash price failed to move lower, and found support around a critical trend line as highlighted in yesterday's analysis. The Double top pattern is still valid, as the price is below the resistance area. If there is a break above 0.0130BTC, then more gains are possible in the near term. Dash price acquiring bids around the bullish trend line is a positive sign for buyers looking ahead. Trend Line Proved Worth. Yesterday, we highlighted that there is a possibility of a double top pattern forming on the hourly chart which could result in a move lower. There was a....
Related News
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 found support near a major support area of 0.0110BTC and traded higher. There was a bearish trend line as highlighted yesterday, and was breached by buyers. The price is struggling to clear the 100 hourly simple moving average just below 0.0120BTC. Dash price broke a major hurdle for gains, and it looks like there are chances of more upsides moving ahead. Upside Move? We stated recently that the price settled below the 100 hourly simple moving average, which is a bearish sign. However, buyers managed to clear a major bearish trend line on the hourly....
Key Highlights. Dash price continued to find support around 0.0116BTC where sellers struggled time and again. There is an RSI divergence formed on the hourly chart, which is signaling more gains in the near term. A break above 100 MA may push the price higher moving ahead. Dash price nonstop consolidation might be setting up for a nasty move having the potential to test 0.0124BTC. Break Possible? We have been following a bearish trend line on the hourly chart, which continues to stall gains and pushed the price back lower. There is a monster support building around 0.0116BTC that can be....
Dash Price Key Highlights. Dash price after trading lower managed to find buyers around 0.0111BTC and currently moving higher. There is yet another flag pattern formed on the hourly chart, which might act as a catalyst for the next break in the near term. There lies a major resistance around 0.0120BTC, which must be cleared for more gains moving ahead. Dash price is forming a breakout structure on the hourly chart, which might set the path for the next move. Flag Pattern. Our previously highlighted flag pattern formed on the hourly chart was successful and opened the doors for more gains.....
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....