Dash Price Technical Analysis – DASH/USD Extends Decline

Key Highlights

  • Dash price moved further lower and broke the $90 support against the US Dollar.
  • Yesterday’s highlighted descending channel pattern with support at $90 on the hourly chart of DASH/USD (data feed from Poloniex) was broken.
  • The broken support at $90 might now act as a resistance if the price moves higher.

Dash price (DigitalCash) is under bearish pressure against the US Dollar, and it looks like DASH/USD might now extend declines towards $70.

Dash Price Bearish

It was a bad day for Dash price, as it moved down further below the $90 level against the US Dollar. The lower low pattern mentioned yesterday played well, and as a result, there was a move below $88. The price broke the last swing low to ignite more downside. There was even a break below the $80 level, and a new low was formed at $75.45 for the current week. The price is clearly under pressure, and current correction above $80 could face sellers in the near term.

The most important break was below yesterday’s highlighted descending channel pattern with support at $90 on the hourly chart of DASH/USD (data feed from Poloniex). It prompted a decline towards $80. Later, sellers gained momentum, and pushed the

Read more ... source: NewsBTC USA

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