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Sellers’ momentum is high in the Dash market
DASH Price Analysis – 28 November
More pressure from the sellers will decrease the DASH to the $37 level and may penetrate the level, moving the coin toward the $35 level. In case the bulls defend the support level of $39, the price may incline and face the resistance level of $42, which may increase to $45 and $48 levels.
DASH/USD Market
Key Levels:
Resistance levels: $42, $45, $48
Support levels: $39, $37, $35
DASH/USD Long-term Trend: Bullish
DASH is on the bearish movement in the long-term outlook. Last two weeks, Bulls dominated the DASH market with strong momentum. The price increased above the resistance level of $42. Last week, there was an interruption from the bears as they gained more momentum than the bulls. The price started declining and retest the support level of $39. More pressure from the sellers on the DASH market is envisaged.
The 9-periods EMA has crossed the 21-period EMA upside while the coin is trading above the two EMAs at close contact which indicates a low bullish movement in the DASH market. More pressure from the sellers will decrease the price to the $37 level and may penetrate the level, moving the coin toward the $35 level. In case the bulls defend the support level of $39, the price may incline and face the resistance level of $42, which may increase to $45 and $48 levels.
DASH/USD Medium-term Trend: Bearish
DASH/USD is bearish on the 4-hour chart. The bulls could not acquire enough pressure to break up the resistance level of $42. Bears prevailed over the bulls and the price is decreasing currently, trying to break down $39 support level.
DASH is trading below the 9 periods EMA and 21 periods EMA which indicates a bearish market. However, the Relative Strength Index period 14 with its signal line pointing down at 42 connotes a sell signal. DASH is decreasing while Dash 2 Trade and IMPT are increasing.
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