DASH Price Analysis – November 19
Dash has continued to draw a bearish trend line, after having slid from the trading price of $67 to $63.
Resistance levels: $68, $70, $72
Support levels: $58, $56, $54
Since November 7, DASH/USD has continued to drop further lower currently finding support at the level of $63.95. Looking at the daily chart, yesterday’s trading revealed to us that DASH/USD spiked lower into the support at $62.74 before retracing back to $64.01. Today, if the sellers continue to push the market further lower once again, bears can expect immediate support below to be located at $60 level.
Moreover, further support is then found at $58, $56 and $54. Alternatively, if the buyers can hold the support at $63 and begin to push it to climb higher, as expected by the bulls, the immediate resistance may be located at $66 level which is still moving below the 9-day and 21-day MA. Above the mentioned-level, higher resistance lies at $68, $70 and $72. Meanwhile, the stochastic RSI has already entered into the oversold zone, which shows that sellers are still in control.
Comparing DASH with BTC, the support level of this range is built around 7887 SAT, while the resistance level is set at 8000 SAT as the market price moves below the 9-day and 21-day moving averages. Looking at the chart technically, the price started moving up slowly within the ascending wedge early today and the RSI (14) indicator is moving above the 40-level hoping to give some bullish signals.
However, should in case the market price continues to move in an uptrend as it is currently, it may likely touch the potential resistance levels at 8100 SAT, 8200 SAT and 8300 SAT respectively. Conversely, the market may find the critical supports at 7600 SAT, 7500 SAT and 7400 SAT if the bears step back into the market.
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