Dash Price Technical Analysis – Another Breakout?

Key Highlights

  • Dash price after trading lower managed to find buyers around 0.0111BTC and currently moving higher.
  • There is yet another flag pattern formed on the hourly chart, which might act as a catalyst for the next break in the near term.
  • There lies a major resistance around 0.0120BTC, which must be cleared for more gains moving ahead.

Dash price is forming a breakout structure on the hourly chart, which might set the path for the next move.

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Flag Pattern

Our previously highlighted flag pattern formed on the hourly chart was successful and opened the doors for more gains. Now, there is another flag pattern forming on the hourly chart after the recent decline in the price. The best part is the fact that the price is above the 100 hourly simple moving average, which is a positive sign. Currently, the price is moving higher and heading towards the 23.6% Fib retracement level of the last drop from 0.0147BTC to 0.0111BTC. It is perfectly moving inside the highlighted flag pattern.


There is a chance that buyers might struggle to clear the 0.0120BTC resistance

Read more ... source: TheBitcoinNews