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Dashusd

#DASH Pinned to an $8 Range as Bears Flow BackPast Performance of DASH Like other crypto assets, DASH failed to stand tall against a wave of sellers. As of writing, the coin is down five percent and bending back to follow strong bears. The dominant trend remains bearish in the short term, and this forecast will stand provided prices are below $50. #DASH Technical Analysis DASH is in accumulation in a bear flag when analyzed from a top-down preview. The immediate resistance is at $50, while the coin's support is at $42, marked by last week's lows. If bears press on and DASH cracks below $42, aggressive traders can unload on every attempt higher, targeting June 2022 lows of $38 and later $30 in a bear continuation formation. Already, the drop of the past two days is within increasing volumes hinting at bears. This move will confirm losses of Q2, signaling another wave of lower lows that could push DASH to the brink. What to Expect from #DASH? DASH is on a weak footing, and buyers should keep prices above $42 if the uptrend is to be sustained. A close above $50 and last week's highs will draw strength and attract buyers as the coin recovers. Resistance level to watch out for: $50 Support level to watch out for: $42 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
#DASH in a Bear Breakout with Resistance at $52Past Performance of DASH DASH prices are stable at press time, following encouraging gains on August 23. The primary trend remains positive, and the pullback may represent further selling opportunities for opportunistic bear traders. This preview, gauging from how candlesticks are arranged in the daily chart, is valid, provided prices are within the August 19 bear bar. #DASH Technical Analysis DASH is up four percent in the past 24 hours at press time versus the USDT. Still, the coin is broadly within a bear breakout formation below the long-term support trend line and the middle BB. Furthermore, since prices are floating higher with relatively low trading volumes, the immediate trend swings to favor sellers. From the daily chart, the first level of support is at $44, marking last week's lows. A close below this mark may see DASH retrace to 2022 lows at $40 in continuation of selling pressure set in motion at the tail end of last week. This preview will, however, be null should DASH bulls force prices above $52, reversing the losses of August 19. What to Expect from #DASH? The primary trend is bearish, and the coin is within a bear breakout formation. The relief rally of August 23 may be short-lived if there are no sharp gains above $52. Any reversal below last week's low may see even more liquidation in the short term. Resistance level to watch out for: $52 Support level to watch out for: $44 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
Quickpost: Comparing W patterns on Dash and EthereumI am taking this almost purely as a pure chart formation play. The Fib draw is from the bridge of the W and that was very effective in target setting ethusd last uptrend. The blue dotted trendline is where I would suspect price would stall and create some uncertainty in Dash just like it did with Eth. Of course, that may be aggressive and a look the W on btc with the same draw show price only reached the 2 fib level before coming back down. Partial profits will be taken, of course, as we move up. As I look at the DashBTC chart this gray area looks concerning as if the pair could stall and that would mark highs on Dashusd. I will be looking for confuence with Dashusd at a major fib level while dashbtc approaches the gray area.
COINBASE:ETHUSDLong
by This_Guhy
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