Dash Price Weekly Analysis - Poised For Losses
Key Highlights. As mentioned in the previous week analysis the Dash price faced an important resistance area around 0.0118BTC. The price failed to break the mentioned area and traded lower to move towards the last swing low of 0.0111BTC. The 100 hourly simple moving average is above the current price and acting as a hurdle for buyers. Dash price every attempt to move higher was invalidated as sellers appeared every time to defend the upside. 100 hourly SMA Resistance. We highlighted in one of the previous week's analyses that there is a bearish trend line on the hourly chart, which acted....
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Key Highlights. Dash price after surging higher corrected lower as forecasted in the weekly analysis. There is a major support building around 0.0125BTC, which is likely to act as a pivot area. A bullish trend line is also formed, which is a crucial barrier for sellers. Dash price correction phase is likely to complete soon, which means buyers might take control in the near term. 0.0125BTC as a support. As highlighted in the weekly analysis, the Dash price surged higher after clearing a couple of major resistances like 0.0120BTC and 0.0125BTC. The upside after the break was stalled around....
Key Highlights. Dash continued to struggle, and it looks like it is set for more declines moving ahead. There is a critical support formed around 0.0120BTC, which if breached might call for a test of 0.0114BTC. Dash failed to clear 0.0125BTC resistance area, which has increased the possibility of a break lower in the short term. 0.0120BTC Hold the Key. We have been following a major support at 0.0120BTC, which acted as a barrier on numerous times and protected the downside. However, it is vulnerable moving ahead, as there are a lot of things aligning in favor of sellers. The most important....
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....
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....
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....