Analysis of the price of Dash (DASH) 02/12/2019

Ledger Nano S - The secure hardware wallet

- Publicidad -

This post is also available in: ruРусский (Russian)

The price of Dash recovered recently and broke resistance levels of $ 73.00 and $ 80.00 against the US dollar. DASH / USD is very well placed in an uptrend and could go back to try $ 90.00 or even $ 95.00.

Key points of conversation

  • The price of Dash (DASH) started an upward movement after it broke the $ 74.00 resistance against the US dollar (Kraken data feed).
  • There was a break above a consolidation pattern with resistance at $ 74.00 on the 4-hour DASH / USD chart.
  • The price now stands well above the $ 80.00 level, with the possibility of earning more profits from $ 88.00 to 90.00.

Dash price analysis (DASH)

Recently, a solid support base was formed near the $ 65.00 level in the DASH price against the US dollar. Buyers gained control and were able to raise the price above resistance levels of $ 70.00 and $ 75.00.

Looking at the graph, the DASH price started a convincing uptrend above the resistance of $ 75.00 and the simple moving average of 100 (4 hours). During the promotion, there was a break above an important bearish trend line at $ 67.80 and the pivotal level at $ 74.00.

More importantly, there was a break above 61.8% of the Fibonacci retracement level of the last decline from the high of $ 87.45 to the low of $ 64.34. In addition, there was a break above a consolidation pattern with resistance at $ 74.00 on the 4-hour chart.

The price gained traction and moved above the resistance of $ 80.00. At this time, the price is trading near the Fibonacci retracement level of 76.4% from the last fall from the high of $ 87.45 to the low of $ 64.34.

Should buyers press the price above the resistance of $ 82.00, there could be more gains towards resistance levels of $ 86.00, $ 88.00 and $ 90.00. Any additional gain could raise the price towards resistance levels of $ 95.00 in the short term.

On the other hand, if there is a downward correction in the DASH price, buyers are likely to protect losses close to support levels of $ 80.00 and $ 78.00. The main support is close to the $ 74.00 level, which was a previous resistance. In general, the current price action is positive, and the recent bullish movements in Litecoin, Bitcoin, XRP, Ethereum, Binance Coin could help other altcoins as well.


Be sure not to miss any important news related to Cryptocurrencies! Follow our news feed in the way you prefer; through Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). Bitcoin never sleeps. Neither do we .


Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .


Síguenos en Telegram

This post is also available in: ruРусский (Russian)

Ledger Nano S - The secure hardware wallet

- Publicidad -

Deja una respuesta

Su dirección de correo electrónico no será publicada.

eighteen + twenty =

Suscríbete a nuestro Boletín de Noticias
Regístrese aquí para recibir las últimas noticias y actualizaciones directamente en su bandeja de entrada.
Puedes darte de baja en cualquier momento