Dash Price Analysis (February 22)
• The overall outlook of the coin market is bullish in trend.
• The bears have a temporal control in the market.
DASH/USD Medium-term Trend: Bullish
• Resistance levels : $140.00, $150.00, $160.00
• Support levels: $30, $25, $15
DASHUSD is in a bullish trend zone market in its medium-term outlook. The bull's increased momentum pushed price up to $105.33 in the resistance area, above the EMA 50 as the market opens yesterday. The momentum was lost as exhaustion sets in as the bears return briefly.
Today’s daily inverted hammer opening candle at $107.81 is bearish as the bears return briefly to the market.
DASHUSD drops further to $105.15 in the support area. Price is above the EMA-50 an indication of an uptrend in the context of the strength.
The signal of the stochastic oscillator points down at around level 10% in the oversold region suggests a downward momentum in price of the coin also the crypto may likely encounter a change in trend in the days ahead in the medium-term perspective.
DASH/USD Short-term Trend: Bearish
The coin is in a bearish trend zone market in its short-term outlook. $108.96 in the resistance area is the high attain during yesterday's session.
The 4-hourly session today opens with a bullish doji candle at $107.81 in the resistance area signals a trend reversal, hence the bears' brief return.
Bears drop the coin to $105.15 in the support area with its wick touching the EMA-9 this implies the momentum in price is in a downtrend in the context of the strength.
The stochastic signal pointing up at around level 56% suggests the momentum in price may likely change in the future in the short-term outlook.
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.