DASHUSD - 1D Chart Analysis

Updated

Like for the rest of the coins, the bearish trend is applied also for Dashl. Based as well on a decreasing market capitalization, it seems that the price is also searching for a bottom.

Technically speaking, the trend channel seems to be created by the peaks of 292$ and 231$ reached on the 20th of July and the 2nd of September, while the bottoms are 164$ and 127$, values which were reached on the 11th of July, respectively on the 14th of August.

If the price will finish the day below 187$ (the opening price of the candlestick) it means that we will see a red candlestick created below the 20 days Moving Average which can be a nice confirmation of the downtrend.

Both RSI and Stochastic have neutral positions while the MACD Line seems to try crossing the Signal one which can lead us to another bearish signal.

If this scenario gets caught up, the target prices which can be considered are :

* 171$ - Support Level 1
* 159$ - Support Level 2
* 141$ - Support Level 3 (in extension)

Note

DASHUSD broke Resistance 1- if bulls brake 2nd Resistance we might see the trend broken.

Note

Market continue following the trend - stick to the plan.

Trade active

Resistance 2 broken - next target $225.

Enjoy the ride :)

ReadBTC

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