Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: DASH/USD finds no respite from bears, set to hit fresh record lows

Thu, 12 Dec 2019, 10:49 am UTC

DASH/USD chart - Trading View

Exchange - Kraken

Support: 41.873 (Lower W BB); Resistance: 51.766 (20-DMA)

Technical Analysis: Bias Bearish

DASH has been on a downward spiral since May 24th, no relief from bears yet.

DASH/USD has tumbled from highs of 198.889 (May 24th high), losing over 75.96% to hit lows of 47.804.

Major trend remains bearish and minor recovery attempts capped below 50-DMA and daily cloud.

After consolidating the recent slump in early November, the pair is set to resume weakness.

Volatility is rising as shown by expanding Bollinger bands, momentum strongly bearish.

Minor support is seen at 47.804 (Nov 25 low). Break below eyes lower weekly BB at 41.873.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,877.90 (+0.29%)
  • Ethereum (ETH) $173.83 (+2.84%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $337.52 (-3.62%)
  • Bitcoin SV (BSV) $252.35 (-14.34%)
  • Bitcoin (BTC) $8,877.90 (+0.29%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft