CryptoBriefingTA

Dash Price Analysis DASH / USD: Pausing For Breath

KRAKEN:DASHUSD   DASH / USD
Dash / USD Short-term price analysis
DASH has a bearish short-term outlook, with the cryptocurrency trading under its key 200-period moving average on the four-hour time frame.

The four-hour time frame is showing that the DASH / USD is under selling pressure, with bears attempting to invalidate a large inverted head and shoulders pattern.

Technical indicators are bearish on the four-hour time frame and continue to generate a sell signal.

Pattern Watch

Traders should expect heavy technical selling will take place if the large inverted head and shoulders pattern on the four-hour time frame is invalidated.

Relative Strength Index

The RSI indicator has turned bearish on the four-hour time frame and shows scope to turn lower.

MACD Indicator

The MACD indicator is bearish on the four-hour time frame and continues to issue a sell signal.

Dash / USD Medium-term price analysis
DASH has a bullish medium-term outlook, with the cryptocurrency trading well above its trend defining 200-day moving average.

The daily time frame shows that a large inverted head and shoulders pattern remains valid, with the DASH / USD pair reversing sharply from the neckline of the bullish pattern .

Technical indicators across the daily time frame have turned heavily bearish and are issuing strong sell signals.



DASH / USD Daily Chart by TradingView

Pattern Watch

Traders should note that the DASH / USD pair could test towards its 200-day moving average if key upcoming support is broken.

Relative Strength Index

The RSI indicator has turned bearish on the daily time frame and highlights the growing medium-term selling pressure.

MACD Indicator

The MACD indicator on the daily time has turned bearish , with both the MACD signal line and histogram issuing strong sell signals.

Conclusion
DASH is starting to appear increasingly bearish in the short-term, with sellers increasingly close to invalidating the bullish pattern seen across the four-hour time frame.

With bearish sentiment spreading, the DASH / USD pair may now be headed for a crucial technical test of its trend defining 200-day moving average.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out