DASH Technical Analysis : Price Predictions

Long & Short Term Bets

Published in

The Crypto

3 min readOct 28, 2019

Note: Never risk more than 2% of your total capital in a single trade and always trade with proper money management plan. This analysis is purely educational, and not provided as financial advice— do your own research before making any bets, in crypto or beyond.

Current Supports

Support 1 : 103.00

Support 2 : 102.70

Current Market Price : 103.20

Resistance 1 : 106.70

Resistance 2 : 108.00

The dash is trading in a small triangle formation in daily and hourly charts. The main trend is bearish from a couple of months and it could remain in a consolidation phase from the current price.

The coin is trading in a range of triangle and currently, price is moving near to its support level and we are expecting it could bounce for the nearest resistance of the triangle.

Dash Longer Term Price Predictions

The price is moving lower low since MAY 2019 and currently in a consolidation phase from a couple of days. This consolidation phase could be the signal for reversal or it may be the signal for the continuing pattern. We have to figure it out, how the price will lead once this phase is completed.

If price breaks and close below the support level of the triangle then it is most probably the final wave towards the next support level which is at 93.50.

If price break above the resistance of the triangle, then it could be the start of trend reversal and could take price towards next resistance level forming at 120.00

We will look for the hourly time frame to get the closest overview for the next movement.

Please have a look at Daily Technical Chart below to get the longer term overview.

Daily Technical Chart

DASH Medium Term Technical Analysis

A small descending triangle pattern informing in 4-Hour chart and we always care to share hourly charts when it comes to analysis medium-term prices.

The beauty of the descending triangle is, it bounces from the support and make higher low after every bounce.

We just need to look the break of the triangle either from down or upside.

The watching area for the breakout is around 102.90 and 110.00

If price breaks the support 102.90 then most probably it will hit the next support level around 94.00

If price bounces from the support then we will look for the break of resistance which could be around 110.00

The break of resistance will the confirmation of uptrend and the minimum target after the break of resistance is 120.00 ( as we discussed in the above daily chart )Please have a look at 4-Hour Technical chart below , I have drawn the possible price movement predictions.