In the recent days, Dash failed to move above the multiple resistance levels, namely: horizontal resistance line near 0.4220, 100 DMA around 0.4660 as well as trend line resistance (previous support) that currently comes at 0.4800. The confluence of resistance levels keeps the price intact below the key trading block in the 0.42-0.48 range. Furthermore, a falling trend line is currently in the low 0.40s and creates additional headache for bulls.
Downside levels to be watched are 0.3660 - horizontal support, additional layer (previous low) around 0.3400 as well as recent multi-month low around 0.2245. As ti stands now, the price will continue to push lower as bulls fail to push the price higher. If you entertain the idea to go long Dash than our advise will be to start building your long position within the trading block connecting two support lines 0.34-0.36 with stops below.
Downside levels to be watched are 0.3660 - horizontal support, additional layer (previous low) around 0.3400 as well as recent multi-month low around 0.2245. As ti stands now, the price will continue to push lower as bulls fail to push the price higher. If you entertain the idea to go long Dash than our advise will be to start building your long position within the trading block connecting two support lines 0.34-0.36 with stops below.