{"id":222357,"date":"2019-04-23T01:39:56","date_gmt":"2019-04-23T05:39:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=222357"},"modified":"2020-06-17T11:06:20","modified_gmt":"2020-06-17T15:06:20","slug":"dash-trading-the-bears-head-towards-a-critical-support-a-break-or-reversal","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dash-trading-the-bears-head-towards-a-critical-support-a-break-or-reversal","title":{"rendered":"DASH trading: The Bears Head Towards a Critical Support, a Break or Reversal?"},"content":{"rendered":"

DASH Price Analysis \u2013 April 23<\/h3>\n

After April short position, DASH market had been following a bearish sentiment. Crossing down the 200-day MA, DASH\/BTC nears a key support level of 0.022 BTC. Despite the fall, the 200-day MA still acts as a defensive line for DASH\/USD pair. However, both markets respect a falling channel.<\/p>\n

DASH\/USD Market<\/h2>\n

Key Levels:<\/strong>
\nResistance levels: $135, $145
\nSupport levels: $115, $100<\/p>\n

The price of DASH had been falling for the past weeks due to the selling pressure in the market. As a result of this, the market has been down by roughly 18% as price currently trades at $123 level. The volatility of the cryptocurrency appeared low with choppy price action.<\/p>\n

\"\"<\/a>
DASHUSD-4H-Chart-April-23<\/figcaption><\/figure>\n

Following the medium-term bearish correction, DASH is still respecting the bulls\u2019 defensive line; the 200-day moving average line (yellow). Meanwhile, the $125 price level has been holding the bulls for the past twelve days. A successful breach might take price to $130.<\/p>\n

As shown on the RSI, the trend is positioned at 56.8 level. The next major resistance is at $135 level which is outside the channel. A bearish move could slump price to $115support.<\/p>\n

DASH\/BTC Market<\/h2>\n

While staying above the important 200-day moving average line (yellow) in late March, DASH price rose to the peak of 0.029 BTC high before plunging in a channel. Testing the yellow line on April 12, a significant break has further led the bears far below the yellow line.<\/p>\n

\"\"<\/a>
DASHBTC-4H-Chart-April-23<\/figcaption><\/figure>\n

Currently, the cryptocurrency exchanges<\/a> are heading towards the March support at a 0.022 BTC level. At the test of the mentioned support, a possible bounce up may occur for a bullish reversal. If a bounce up fails, a break down could further the trend in a more bearish condition.<\/p>\n

The medium-term RSI is now trending below the 50 level after the price drop on April 1. A successful break up could kick-start a bull-run at 0.024 BTC resistance level, testing the important yellow line.<\/p>\n

Please note:<\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

DASH Price Analysis \u2013 April 23 After April short position, DASH market had been following a bearish sentiment. Crossing down the 200-day MA, DASH\/BTC nears […]<\/a><\/div>","protected":false},"author":1742,"featured_media":222379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8175,8174,8009,7992],"class_list":["post-222357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-dashbtc","tag-dashusd","tag-price-prediction","tag-technical-analysis"],"acf":[],"yoast_head":"\nDASH trading: The Bears Head Towards a Critical Support, a Break or Reversal? -<\/title>\n<meta name=\"description\" content=\"Following the medium-term bearish correction, DASH is still respecting the falling channel formation. 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