Dash price analysis: Bulls start strong but will DASH/USD re-enter $90-zone?
- DASH/USD has gone up from $87 to $87.45 so far today.
- The MACD indicator shows us that market momentum is about to reverse from bullish to bearish.
Dash has had a bullish start to Tuesday as the price has gone up from $87 to $87.45 following four straight bearish days. DASH/USD ran out of steam at the $100-level and has been on a downtrend ever since. The hourly breakdown shows us that DASH/USD fell from $91.15 to $88.50 this Monday before it found support and spiked up to $90.70. The bears soon stepped back in and corrected the price around $87.45.
DASH/USD daily chart
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DASH/USD had peaked above the 20-day Bollinger Band but it has since re-entered the Band. The price is trending below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Moving Average Convergence/Divergence (MACD) indicator shows us that market momentum is about to reverse from bullish to bearish. The Elliott Oscillator has had three straight bearish sessions.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
