- The trading volume in the last 24hr at the time of writing this article is -26%
- The price of DASH/BTC and DASH/ETH at the time of writing this article is 0.003780BTC and 0.05600ETH
- The price is near support and and below the 100MA
LONG TERM VIEW:-
When we look at the price in the Daily chart time interval we can see the price is near the support, with the bear winning is fighting right now. Let’s look at the technical indicator, we can see the MACD is showing red histograms, meaning the MACD line is below the Signal Line, and we can see both lines are parallel to each other meaning no there is no sign of the line to change its direction. In addition to that we can see RSI is a neutral zone near 36 and we can see that RSI is pointing towards the oversold zone (30). At the end we can have a look at the Moving average where we can see the 20MA has crossed the 50MA which is a very bearish sign and is now heading towards 100MA and the price has already broken the 100MA. Moreover we can see all the MA 20,50,100 is below the 200MA which is very bearish.
SHORT TERM VIEW:-
Let’s have a look at the 4hr time interval to see if there is a change in the sentiment of the people or not. We can see the MACD is showing a red histogram, meaning the MACD line is below the Signal line. Having said that we can see the RSI is in the neutral near the 37 and is pointing towards the overbought zone (70). Lastly we can see the Moving Average (4hr) 20MA is below the 50MA and 100MA and 200MA which is a bearish sign.
CONCLUSION:-
When looking at both daily and short term we can see a bearish trend in the daily charts and bearish in the 4hr too but when look at the volume in the 4hr time interval we can see that after a huge red volume we can see a green candle so we can see the bulls are not ready to give up the fight as the price is near the support and they will try to push it up but if failed to do the sellers will drive the price down.
RESISTANCE:-$188,$212
SUPPORT:- $145,$115