Dash Price Technical Analysis - Pattern Continuation
Dash Price Key Highlights. Dash price continued to move higher and looks set for more gains in the near term. As highlighted yesterday there is a flag pattern formed on the hourly chart, which is still in play and the price is moving inside it. A major hurdle around 0.0120BTC continue to stall the upside move, and must be cleared for more gains. Dash price continued to move inside the flag pattern as buyers remained in control in the short term. Pattern Continuation. We highlighted yesterday a flag pattern forming on the hourly chart, which continued to act as a catalyst for buyers. There....
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It seems there is no stopping Dash from digging deeper into the red. The cryptocurrency has sunk to a fresh 1-month low of 0.01163BTC as bulls refrain from entering the scene, extending the ruthless bear market that Dash has entered into. I advised in my yesterday's analysis that Dash is still not a good contrarian bet and long positions are best avoided. I maintain my bearish outlook. Trading under pressure, Dash has a value of 0.01175BTC. An analysis of the 360-minute DRK/BTC price chart reveals that the cryptocurrency may be oversold from a near-term perspective, however, the long-term....
Dash Price Key Highlights. Dash price looks like completed a 5-waves up pattern and might head lower in the near term. There is a Triple top pattern formed (as highlighted yesterday), which could push the price lower. Besides, there is a bullish trend line formed, which must be cleared for more losses in the near term. Dash price might have created a short-term top, as there is a wave sequence completed on the hourly chart. 5-Waves Pattern. As mentioned in yesterday's post, we are waiting for a break in the Dash price. There are a couple of important things formed on the hourly chart,....
In my previous analysis, I had discussed that a breakout from the long-held trading range would strike Dash; what followed is that the price crumbled to lower lows and is now retesting the previous support level. Since the resistance has converged with the (broken) support, the bears are increasing their pressure. With a loss of 2.95%, Dash is trading at 0.01363BTC. Technical analysis implemented on the 360-minute DRK/BTC price chart reveals that more losses may follow in the cryptocurrency and that buyers may get the opportunity to enter Dash at much lower levels. Chart Structure - The....
Key Highlights. Dash after trading lower found support around 0.0120BTC as forecasted in yesterday's post. It looks like it is forming a head and shoulders pattern, which might ignite a bearish wave in the short term. There are a few important things to note from the hourly chart of Dash, which points that if sellers gain control, more downsides are likely. Head and Shoulders Pattern. There is a monster support around 0.0120BTC, which acted as a barrier for sellers. Dash is currently moving back higher, but buyers need to be very careful as it looks like there is a chance of Head and....
Key Highlights. Dash continues to struggle, as the shoulder resistance (highlighted in yesterday's analysis) at 0.0125BTC stalled upsides on many occasions. As long as the prices are below 0.0125BTC, Dash might head lower. Our highlighted head and shoulders pattern is still valid, and if bears gain control, we might witness a pullback in Dash. 0.0125BTC as a Hurdle. Dash settled above the 100 hourly simple moving average, which took the price towards 0.0125BTC. The mentioned level represents a shoulder resistance area of the head and shoulders pattern as highlighted in the chart attached.....