Huobi Group
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Huobi Group

What is DASH?

Dash (DASH) is a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two-tier network that improves it. Dash allows you to remain anonymous while you make transactions, similar to cash.

Upcoming Special Event:

Dash Investment Foundation’s Q1 2020 Report Call is this Tuesday at 4:45pm UTC.

👉No Account On Huobi? Register

DASH/BTC 1 Day Chart

📈Analysis

Christmas was a rough season for DASH bulls as the price reached its lowest point since 2015. To compensate, the price immediately exploded upward over 200% by mid-January.

Since then, the price dropped nearly to the .236 Fibonacci retracement and 2016 yearly open before pumping back to the 2017 yearly open, which is currently providing resistance.

If the current trendline holds, the price is likely to break through this resistance level by the end of April — especially if the Q1 report call this Tuesday reveals bullish information.

If so, the price might find the next resistance at a pivot level around 0.0167, or possibly higher at the 2019 yearly open.

🔥 Trade Dash |🚀 Register On Huobi

👀Follow Us On Twitter @HuobiGlobal + @CoinMarketCal

👀www.huobi.com; coinmarketcal.com

Risk Reminder:

1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

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