Dash News

DASH Drools from an Intraday High of $82 & Draws a Bearish Wedge

Dash draws an intraday bearish wedge as it falls from an intraday high of $82.1 to currently trading below $80, losing steady support from 50-day daily MA. The next immediate support is at $78, i.e., 200-day daily MA after raising above $78, in yesterday’s trading session. Apparently, the previous day’s session had been quite a gainer as DASH drew a subtle yet noticeable uptrend until volatility broke in.

Dash Price Analysis

DASH/USD Chart By TradingView

The half-hourly chart on Coinbase shows an intraday pullback as the candlesticks reverse after breaching the intraday resistance at $82. Otherwise, the 3-day resistance lies at $82.5, after which DASH immediately lost the intraday traction to plummet below $74, twice over the past two days. However, important to note that when there happened to be a “golden crossover” just at the onset of the day, today, on the half-hourly chart, we saw a green candlestick and an, unfortunately, a bullish trend aversion.

On the other hand, Dash has been giving a mix of trends supported by a price accumulation in less than three days. On the half-hourly chart, the price trend of DASH is going to be an intraday looser if it slides below $78 at any hour of the day.

The MACD of the coin holds a bearish divergence, and the signal line crosses above the MACD line due to loss of traction, and the RSI exhibits no extremities at 44.81.

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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Jason Palmer