Coin of the day is Dash.
Dash (known earlier as Darkcoin and XCoin) is one of the biggest alternative cryptocurrencies with a focus on transaction speed and privacy. Due to the privacy of the transactions, Dashkovich managed to occupy one of the leading positions behind the bitcoin when it became clear that bitcoin could not offer the appropriate level of confidentiality to users. Dash company supports a close communication with its community. Decisions on changes in the Dash are made by a common vote.
Despite the negative attitude towards the coin from some countries, Dash is considered one of the most stable cryptocurrencies.
From the technical view DASHBTC once more reached a strong supportive zone 0.035 - 0.045, which was forming from the April 2017 and never been broken since then. This zone also coincides with the 61.8% retracement of the price peak that does not violate the picture of the global uptrend. The price drew a rebound from the 0.045 level ten days ago but did not manage to break above the 0.05 resistance. Nonetheless, as the downwards momentum started to decrease, DASHBTC began to pierce above the Bearish Trend Lines by what is translating the downward tendency into a lateral. From the below - Dash has a strong support zone 0.035 - 0.04. From the above - breakthrough of the 0.05 - 0.052 resistance could mean the beginning of the next growing cycle and set next target at the 100-days EMA.
Dash (known earlier as Darkcoin and XCoin) is one of the biggest alternative cryptocurrencies with a focus on transaction speed and privacy. Due to the privacy of the transactions, Dashkovich managed to occupy one of the leading positions behind the bitcoin when it became clear that bitcoin could not offer the appropriate level of confidentiality to users. Dash company supports a close communication with its community. Decisions on changes in the Dash are made by a common vote.
Despite the negative attitude towards the coin from some countries, Dash is considered one of the most stable cryptocurrencies.
From the technical view DASHBTC once more reached a strong supportive zone 0.035 - 0.045, which was forming from the April 2017 and never been broken since then. This zone also coincides with the 61.8% retracement of the price peak that does not violate the picture of the global uptrend. The price drew a rebound from the 0.045 level ten days ago but did not manage to break above the 0.05 resistance. Nonetheless, as the downwards momentum started to decrease, DASHBTC began to pierce above the Bearish Trend Lines by what is translating the downward tendency into a lateral. From the below - Dash has a strong support zone 0.035 - 0.04. From the above - breakthrough of the 0.05 - 0.052 resistance could mean the beginning of the next growing cycle and set next target at the 100-days EMA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.