DASH (DASH/USD) Is Under The Major Trendlines
The market has shown some up and down movements and so as DASH'.
Last week, DASH was technically a pretty good but it didn't catch that big momentum and currently, it is in a bearish area. It is below both major trendline, below the short-term down-trendline which is bulled from 20.07.2018 and below the major counter trendline which will indicate that the upwards momentum is over and we could see a pullback if the market doesn't make any fast recoveries. Also, DASH' trades below the EMA's which also is not a good sign.
However, alongside these bad signs, we also have a good sign. The current short-term bounce comes from the Fibonacci 62 percent retracement level which still printed a higher low (HL) into the chart. So, if we stay above this orange area then all is under control but if we can't hold the price above that mentioned level we might see a bigger correction downwards.
To be bullish we have to break above again those trendlines or at least above that trendline which is pulled from 20.07. 'The road' upwards is pretty hard but if the market starts a bull run then all the altcoins start a bull run but if the market stays stable then DASH is on the trouble and definitely, it needs a big volume to break above those trendlines and EMA's
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and crypto-news then please visit our site, the link is on the profile!
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Best regards!
Last week, DASH was technically a pretty good but it didn't catch that big momentum and currently, it is in a bearish area. It is below both major trendline, below the short-term down-trendline which is bulled from 20.07.2018 and below the major counter trendline which will indicate that the upwards momentum is over and we could see a pullback if the market doesn't make any fast recoveries. Also, DASH' trades below the EMA's which also is not a good sign.
However, alongside these bad signs, we also have a good sign. The current short-term bounce comes from the Fibonacci 62 percent retracement level which still printed a higher low (HL) into the chart. So, if we stay above this orange area then all is under control but if we can't hold the price above that mentioned level we might see a bigger correction downwards.
To be bullish we have to break above again those trendlines or at least above that trendline which is pulled from 20.07. 'The road' upwards is pretty hard but if the market starts a bull run then all the altcoins start a bull run but if the market stays stable then DASH is on the trouble and definitely, it needs a big volume to break above those trendlines and EMA's
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and crypto-news then please visit our site, the link is on the profile!
Please, don't forget to hit the LIKE button to support us!
Best regards!
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