Dash price analysis: The set up is clear - Upsides won't sustain
- Short term resistance won't allow upside.
- Long term barrier strong enough.
Dash bulls have no work in this battleground that is one sided in the favour of bears as the technical set-up clearly suggests any upside in the prices won't sustain in the short as well as long term.
DASH/USD is up more than 1 percent on day at $156.67 and in less than 2 percent range for the day. On the 180-minute chart, Dash hasn't managed to cross past this descending trendline since last one month convincingly.
Even on the daily chart, bulls haven't been able to cross past this descending trendline for past many months and it won't be surprising if the price falls to double digits in the weeks to come.
DASH/USD 180-minute chart:
DASH/USD daily chart:
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
Author
Manoj B Rawal
Independent Analyst
Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.
