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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.

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