More

    Dash Price Analysis (February 16)

    • The overall outlook of the coin market is bullish in trend.
    • The bears may have a temporal control.

    DASH/USD Medium-term Trend: Bullish

    • Resistance levels : $140.00, $150.00, $160.00
    • Support levels: $30.00, $25.00, $15.00

    Dash is in a bullish trend market in its medium-term outlook. The bulls lost momentum at $134.45 in the resistance area; the large bearish candle at $115.57 returns the price to the support area before the end of the session yesterday.

    Today’s daily candle at $120.80 in the support area opens on a bearish note, as the bears dictate the market.

    The momentum in price continues down south as the bears drop the price to $99.79 in the support area as the bears are returning in a grand style to the market.

    Price is above the two EMAs with its wick touching the EMA 9, an indication of an uptrend in price of the crypto, thus, the stochastic signal pointing down at 50% suggests the Dash may likely encounter a change in trend in the future in the medium-term perspective.

    DASH/USD Short-term Trend: BearishThe cryptocurrency is in a downtrend in its short-term outlook. The bullish candle at $120.80 in the resistance area opens the 4-hourly candle today. Bulls further push the price up to $124.39 in the resistance area.

    Formation of a doji candle $120.40 signals the return of the bears. Price drops to $111.02 in the support area.

    Bears’ exercised pressure further drops price of the coin to $99.79 with its wick breaking the support line.

    Price is below the two EMAs, this implies downward momentum in price of Dash.

    However, the stochastic oscillator signal pointing downward at 21% in the oversold region suggests the price of the coin may likely experience a change in trend in the days ahead in the short-term.

    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,351FansLike
    2,770FollowersFollow
    4,133FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    IOHK Reboots Byron Codebase, A Big Step Towards Cardano's Shelley Blockchain Upgrade

    IOHK Team has released a statement that the Byron upgrade is now complete. As per a press release, the upgrade will allow a seamless...

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.