Dash Price Technical Analysis - More Downsides
Dash Price Key Highlights. As highlighted in the weekly analysis, the Dash price completed a sell pattern and moved lower. More losses are likely, as sellers remain in control and look to take the price lower. A bearish trend line is formed, which if broken might call for a change in the trend. Dash price continued to weaken and might move further lower as long as sellers remain in control. Trend Line Resistance. As anticipated earlier there was a major downside reaction in the Dash price, as it fell below a major support area of 0.0120BTC which ignited a sell rally. The price traded as....
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Key Highlights. Dash after trading as high as 0.0130BTC failed to maintain momentum and fell back sharply. It formed a short-term reversal pattern, which is likely to ignite more losses moving ahead. Downsides in Dash are likely if sellers manage to clear the 100 hourly simple moving average, as there are a lot of bearish signs emerging. 100 MA as Support. Dash traded lower recently after forming a toppish pattern on the hourly chart around 0.0130BTC, but sellers are facing a major resistance in the form of 100 hourly MA. Moreover, the 50% Fib retracement level of the last wave from the....
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....
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 traded higher and managed to clear a major bearish trend line as highlighted in yesterday's analysis. However, buyers failed to hold gains, as there was a failure around 0.0119BTC. 0115BTC holds the key in the near term, as it acted as a support on many occasions. Dash price is testing a major support area, which must hold if buyers want to prevent downsides. Where is the price heading next? We highlighted a bearish trend line on the hourly chart yesterday, and were anticipating a break Intraday. There was a break higher noted, as the price breached....
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 -....