Crypto Screener Forums Dash (DASH) Forecast – Technical Analysis Dash (DASH) Technical Analysis – May 2018 Reply To: Dash (DASH) Technical Analysis – May 2018

#17721
margincall
margincall
Keymaster

The Dash price has not yet recovered like many of the other major alt coins, lets take a look at the 4 hour candle chart.

dashusd forecast 31 May 2018

Market is still in a clear bearish down trend from previous price of about $550. The indicators are showing that the momentum is starting to shift in favour of the bulls, but it is important to note that both still confirm the bearish trend. With all that said Dash found good buying support on the shorter term above $275, and with the hard work done, the bulls might have buildt the floor around $300.

Resistance is still pretty solid in the market, and the Darvas box is indicating daily resistance at around $324.  Higher risk traders might be picking bottoms here with some stop losses below the previous support zone. For those looking at a safer entry in the market, I would suggest being patient and waiting for the bulls to push the indicators into the positive and consolidation above $325. Safe trades.