Crypto Screener Forums Dash (DASH) Forecast – Technical Analysis Dash (DASH) Technical Analysis – January 2018

This topic contains 3 replies, has 2 voices, and was last updated by CheesePuff CheesePuff 1 year, 2 months ago.

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  • #1302
    CheesePuff
    CheesePuff
    Moderator

    This is the thread for analysis on the dash markets in the month of January 2018.
     

     

     

     

     

     

     



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  • #1446
    CheesePuff
    CheesePuff
    Moderator

    Very unusual candlestick formations on DASH vs Bitcoin, indicative of the volatile market that we have been seeing.

    DASH 21 Jan 2018

    To make more sense of the market, we will take a look at the flag forming and wait for a break to the top or bottom to see which direction the market will take.

    Breakout to the bottom will most likely see us at the previous low of 0.04. In other words, we could face a violent drop.

    That said, a breakout would be expected should prices continue to the topside. If we have to go by the PPO there will probably be a bit more sideways movement until the market makes up its mind, and decides between one of these two courses.

    At the moment we are sitting in No Man’s Land. As always, good to take profit if you have bought in lower.

    #1364
    margincall
    margincall
    Keymaster

    Taking a quick look at the Dash markets vs Bitcoin and the US Dollar.

    Dash Forecast 16 Jan 2018
    The market has been nothing short of a roller coaster for anybody new in the crypto game.

    The DASH market is building up momentum against BTC but it is still very much a 50/50 battle at this point.

    Support on the medium term for DASH is around 0.042 in my opinion, and 0.063 on the short term.

    We can see the market is making higher lows and there are a few more bullish signs hidden in the candlestick formations.

    Resistance is at 0.075 and until that breaks we will be watching the epic battle between the bulls and the bears.

    For those wishing to buy Dash for the longer term, it could pay to place some buy orders in this zone above 0.063 and stack some orders down to 0.042. Safe trades.

    Feel free to discuss this forecast with us on Discord.

    #1303
    CheesePuff
    CheesePuff
    Moderator

    We are taking a look at the one day candles to get a better idea of what the Dash market is doing at the moment.

     

    Dash 9 Jan 2018

    The chart shows clearly the bull run experienced in the market over the last few weeks.

    The prices are coiling tighter and creating the classic triangle that we see so often in crypto markets.

    Resistance for the short term lies at 1300, and support at 1000. I would definitely wait for one of these levels to break, to indicate a direction in the market, before making any decisions.

    Should we see the commercials selling off some Dash you can expect 900 levels to get tested.

    On the other hand, if we see buying pressure from them, the breakout will happen above 1300.

    In our opinion the crypto markets are still bullish on the long term, however are busy correcting on the short term. Be patient and wait for the market to show you the next move.

     

     

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