• On the downside, if the price continues its fall, the market will revisit the previous lows of $90 or $100 price level.
• On the other hand, the Coin will continue its range bound move below the EMAs, if the bulls fail to break above the EMAs.

DASH/USD Medium-term Trend: Ranging

• Resistance Levels: $160, $170, $180
• Support levels: $110, $100, $ 120

Yesterday, July 29, the price of DASH continues its range bound move below the 12-day EMA the 26-day EMA. The bulls were resisted on two occasions by the 12-day EMA as the price fell. On the downside, if the price continues its fall, the market will revisit the previous lows of $90 or $100 price level.

On the other hand, the Coin will continue its range bound move or retest the EMAs. Meanwhile, the DASH market is at the oversold territory of the daily stochastic but below the 40% range. This means that price is in a bearish momentum and a sell signal.

DASH/USD Short-term Trend: Ranging

On the 1-hour chart, the DASH price is in a sideways trend. The 12-day EMA and the 26-day EMA were trending southward but now in a sideways trend. The crypto’s price was below the EMAs indicating a downward fall. But the price is now fluctuating below and above the EMAs indicating that price is in a sideways trend.

The price of Dash is characterized by small body candlesticks which describe the indecision between the buyers and the sellers at the current market price. Nevertheless, the DASH market has reached the oversold region but above the 20% range of the daily stochastic indicator. This indicates that the DASH price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.