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Dashprice

#DASH Recovers after Dropping 11%, Support Lies at $55Past Performance of DASH Like the rest of the markets, DASH prices are recovering, pushing higher at spot rates. This follows a cool-off from March highs that saw the coin drop 11%. Presently, the immediate support line lies at around $55. Since yesterday's bar is wide-ranging and bullish, traders may look to accumulate on every attempt. However, more opportunities could be above BMV:60 , opening the door for continuation above HKEX:65 in the days ahead. #DASH Price Analysis The retracement from HKEX:65 was with light volumes after a sharp leg up from mid-March. With DASH finding support at HKEX:55 and rebounding higher in a three-bar formation, traders can look for opportunities. Since yesterday's bar has high volumes, there are hints that price action is aligning with buyers from mid-March. Accordingly, traders can begin buying on dips, in line with buyers of March 12 and 13, with targets at the climactic bar of March 23. Any unexpected retracement below HKEX:55 cancels this preview, even forcing DASH toward $50. What to Expect from #DASH? DASH prices may be in the early stage of recovery after a cool-off from March peaks. Even though prices may push higher, it is ideal that the push is with expanding volumes to support optimistic buyers. A close above BMV:60 may be ideal, founding the base for HKEX:65 in short to medium term. Resistance level to watch out for: BMV:60 Support level to watch out for: HKEX:55 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#DASH Uptrend Valid Despite 30% Correction from February HighPast Performance of DASH Following steep losses on March 15, DASH remains under pressure. The short-term trend is bearish, and prices are inside a bull flag. For this to change, prices must break above the descending channel, piercing above $60 with increasing participation. #DASH Technical Analysis DASH is within a bear formation at spot rates. As it is, resistance remains at $60 while support lies at $45. Though the March 15 bar is engulfing and bearish, it is with light volumes. At the same time, the primary trend is bullish, defined by gains from November to February 2023. To illustrate, DASH support at $45 marks the 78.6% Fibonacci retracement level. For buyers to swing back to contention, there must be comprehensive gains above $60. Therefore, conservative traders can wait, aware that gains above $60 may lift DASH towards $75 in the near term. What to Expect from #DASH? DASH is technically bullish from a top-down preview despite the 30% drop to spot levels. This preview holds provided prices are above $45 and every correction from February highs is with decreasing volumes. Resistance level to watch out for: $60 Support level to watch out for: $45 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#DASH Remains Bullish, Support at August 2022 High At $58Past Performance of DASH DASH prices have more than doubled at spot rates. Changing hands at over $60, the coin is within a bullish breakout formation. The rejection of lower prices as bulls force prices higher above last week's highs point to demand and confidence on buyers' part. The uptrend is firm as long as DASH is trading above August 2022 highs. #DASH Technical Analysis Traders are confident. After yesterday's surge, and rewinding losses of the weekend, the uptrend formation has been confirmed. Subsequently, traders may find entries on every dip inside the February 6 trade range but above $58 to buy the dip. Based on this candlestick arrangement, the next target will be around $75 or May 11 high. Conversely, losses below August highs may force a sell-off toward $50. What to Expect from #DASH? DASH has been firm in the past three months, bottoming up from 2022 lows. In a bullish breakout formation, traders expect even more gains ahead. Nonetheless, this preview holds water only if $58 holds and DASH rejects any attempt of lower lows. Resistance level to watch out for: $75 Support level to watch out for: $58 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#DASH Surges 78% in 2 months, Resistance at $55Past Performance of DASH DASH has nearly doubled from November 2022 lows, looking at the performance in the daily chart. Buyers remain upbeat, but the sharp retracement on Jan. 16 could pause recent developments. Notably, the bearish engulfing bar on Monday and the failure of bulls to reverse gains question the strength of buyers. #DASH Technical Analysis The immediate resistance line and buy trigger lie at around $55. Since there is a three-bar formation signaling peaking prices and possibly bears, traders should be cautious. In that case, any confirmation pushing prices lower below December highs at around $50 towards $45 may allow aggressive traders to ride the bear wave, swinging the formation. If this happens, and DASH craters further below the middle BB, the coin may retrace to December lows at around $40. On the contrary, any move above $55 will confirm the current bull trend and buyers from mid-November. What to Expect from #DASH? Buyers are currently in control, but the uptrend is fizzling. It is after DASH roars above last week's highs at $55, confirming the bullish breakout above December highs. Only then can traders confidently double down, targeting August highs at around $60. Resistance level to watch out for: $55 Support level to watch out for: $45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#DASH Reverse November Losses, Surge 50% as Buyers Target $50Past Performance of DASH DASH is firm at spot rates. As an illustration, the coin is up five percent in the past 24 hours and 50 percent from November 2022 lows. In a breakout formation above the bear flag, there could be more upsides in the short term as buyers target $50. #DASH Technical Analysis Prices soared on January 4, looking at the daily chart. Because of this, DASH buyers added to their longs, reversing the losses of early November. Aggressive traders can look to double down, adding their longs as long as prices are held above the support trend line and $40. Their immediate target could be $50 and later $57, or August 2022 highs. Any contrarian formation will question the strength of the uptrend, drawing sellers from November 8 and 9, bars that continue to shape the present formation from an effort-versus-result perspective. What to Expect from #DASH? Bulls are upbeat and expect more. Following yesterday's gains, buyers may be in for more upsides as prices retest critical resistance lines in the short term. Resistance level to watch out for: $50 Support level to watch out for: $40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#DASH Buyers, Coin Surges 33% from November LowsPast Performance of DASH DASH prices are solid at spot rates, pressing higher to retest last week's highs. Despite the sell-off early this week, today’s bounce is an indicator that buyers are in control. As it is, DASH is up 33 percent from November lows. Because of the trend set last week and prices rejecting lower lows above $37, traders might find entries aiming to align with the trend of the November 23 bull bar. #DASH Technical Analysis DASH, in response to shifting sentiment, briefly fell on November 28. Nonetheless, buyers are presently in charge per the candlestick arrangement in the daily chart and the sharp expansion in prices points to general optimism. A notable formation is that the November 28 bullish engulfing bar defines the short term. The bar has high trading volumes, even higher than November 8 and 9. At the same time, prices are still within this bar, pointing to strength from an effort versus result perspective. Buyers can look to load the dips above $37, targeting $44 and November highs at $47. Any sell-off below $37 might attract sellers, forcing DASH even lower, invalidating the current bullish outlook. What to Expect from DASH? DASH bulls are confident, partly because of fundamental factors and solid candlestick arrangement. As long as prices are steady above $37, DASH may rally, building on last week’s gains, to new Q4 2022 highs in the medium term. Resistance level to watch out for: $44 Support level to watch out for: $37 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#DASH Pinned to an $8 Range as Bears Flow BackPast Performance of DASH Like other crypto assets, DASH failed to stand tall against a wave of sellers. As of writing, the coin is down five percent and bending back to follow strong bears. The dominant trend remains bearish in the short term, and this forecast will stand provided prices are below $50. #DASH Technical Analysis DASH is in accumulation in a bear flag when analyzed from a top-down preview. The immediate resistance is at $50, while the coin's support is at $42, marked by last week's lows. If bears press on and DASH cracks below $42, aggressive traders can unload on every attempt higher, targeting June 2022 lows of $38 and later $30 in a bear continuation formation. Already, the drop of the past two days is within increasing volumes hinting at bears. This move will confirm losses of Q2, signaling another wave of lower lows that could push DASH to the brink. What to Expect from #DASH? DASH is on a weak footing, and buyers should keep prices above $42 if the uptrend is to be sustained. A close above $50 and last week's highs will draw strength and attract buyers as the coin recovers. Resistance level to watch out for: $50 Support level to watch out for: $42 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#DASH in a Bear Breakout with Resistance at $52Past Performance of DASH DASH prices are stable at press time, following encouraging gains on August 23. The primary trend remains positive, and the pullback may represent further selling opportunities for opportunistic bear traders. This preview, gauging from how candlesticks are arranged in the daily chart, is valid, provided prices are within the August 19 bear bar. #DASH Technical Analysis DASH is up four percent in the past 24 hours at press time versus the USDT. Still, the coin is broadly within a bear breakout formation below the long-term support trend line and the middle BB. Furthermore, since prices are floating higher with relatively low trading volumes, the immediate trend swings to favor sellers. From the daily chart, the first level of support is at $44, marking last week's lows. A close below this mark may see DASH retrace to 2022 lows at $40 in continuation of selling pressure set in motion at the tail end of last week. This preview will, however, be null should DASH bulls force prices above $52, reversing the losses of August 19. What to Expect from #DASH? The primary trend is bearish, and the coin is within a bear breakout formation. The relief rally of August 23 may be short-lived if there are no sharp gains above $52. Any reversal below last week's low may see even more liquidation in the short term. Resistance level to watch out for: $52 Support level to watch out for: $44 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer