Dash Price Weekly Analysis - Range Persists
Dash Price Key Highlights. Dash price continued to trade in a range as there was no break below 0.0110BTC. As highlighted this past week there is a bearish trend line formed on the hourly chart, which continued to act as a barrier. The price is struggling to settle above the 100 hourly simple moving average, which is a negative call for buyers. Dash price found support around 0.0110BTC one more time, which caused an upside reaction this past week. Trend Line Break. The Dash price struggled to clear the range formed, and traded between 0.0110BTC and 0.0120BTC. There was a lot of bearish....
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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....
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 is testing the patience of short-term market participants with its extremely thin consolidation range. In the past 6 hours, the cryptocurrency has barely moved with the price trapped inside 0.01400-0.01403BTC - this is in no way a tradeable range. However, prolonged consolidation may also mean that the cryptocurrency is forming a base and a recovery is in the offing. Each Dash can currently be bought for 0.014BTC. Analysis of the 360-minute DRK/BTC price chart indicates that the sideways price action cannot continue for long. Chart Structure - Even though Dash is comfortably....
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 -....
Dash is slipping again after briefly maintaining a thin trading range. The cryptocurrency has already retested the previous low of 0.0135BTC and looks all set to challenge the April-low of 0.0131BTC. The market has shown no interest in Dash and consequently, the upward momentum has faded leading to a drop in cryptocurrency value. Each Dash is now worth 0.01365BTC, which is 2.5% down from yesterday's level of 0.014BTC. Technical analysis implemented on the 360-minute DRK/BTC price chart brings forth some very interesting trading information. Chart Structure - In a major dent to the bullish....