Dash Price Technical Analysis - Monstrous Decline
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....
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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 rocketed higher and moved above a major hurdle of 0.0120BTC. There was more than 10% gain and there was a major bull trend noted as anticipated in one of the previous week's analyses. Dash price blasted higher and traded above several key resistance levels that ignited a monstrous ride this past week. Clear Uptrend. We were forecasting a major break for Dash price towards the upside, as most technical indicators were aligning in favor of bulls. There was a bearish trend line formed on the hourly chart, which was breached this past week. It ignited an upside move,....
Dash Price Key Highlights. Dash price after the monstrous decline started a consolidation phase and trading in a range. A bearish trend line is formed, which if broken might call for an upside move in the near term. The chance of a move higher is increasing as sellers look exhausted. Dash price might spike higher once the consolidation period is over, but buyers need to get aggressive for the same. Break Higher? As highlighted in one of the recent posts, there was a major decline in the Dash price. However, the downside was stalled around 0.0111BTC after which the price started to trade in....
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....
Dash has slumped roughly 5% from yesterday and registered a fresh April low of 0.0127BTC before paring the losses to be trading at 0.01298BTC. With this decline, the cryptocurrency has cracked the higher support line and the fate of Dash is now hinged on the lower support line. If the cryptocurrency is unable to establish the lower support line as a ground, we may witness a panic fall in price. An analysis of the 360-minute DRK/BTC price chart reveals that Dash is on its last legs and future sessions may bring in more sorrow for the investors. Chart Structure - The cryptocurrency remains....