Dash Price Analysis (April 19)
• The overall outlook of the coin market is bullish in trend.
• The bears have a temporal control in the market.
DASH/USD Medium-term Trend: Bullish
• Resistance levels : $120, $130, $140
• Support levels: $30, $25, $15
DASHUSD is in a bullish market zone in its medium-term outlook. The bulls increase momentum pushes the price of the cryptocurrency up at $80.70 above the two EMAs in the resistance area during yesterday’s session and sustain it.
Today’s daily session at $80.21 opens with a bullish candle. The bulls’ pressure on the coin pushes the price further up at $82.50 in the resistance area.
Price is above the two EMAs’ which indicates an uptrend in the context of the market. The bulls are in control at the moment.
With the stochastic signal pointing up at around level 72% in the overbought region implies that the momentum in the price of the coin is in an uptrend in the medium-term.
DASH/USD Short-term Trend: Bullish
The crypto is in a bullish trend zone in its short-term perspective. The bullish candle at $79.00 in the resistance area during yesterday’s session sustains the bullish momentum up.
Today’s 4-hourly session opens on a bullish note at $80.21 in the resistance area.
Price further rises to $82.50 as it journeys up north. With the crypto’s price above the two EMAs, this is an indication that the market is in an uptrend and the bulls are in control of the market at the present.
However, the stochastic oscillator signal pointing downwards at around level 86% in the overbought region suggests that the price of DASH may likely encounter a change in trend in the nearby days in the short-term.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.
Published at Sun, 19 Apr 2020 04:20:24 +0000 Dash Price Analysis (April 19)