Dash Price Technical Analysis – Monstrous Decline

Dash Price Key Highlights

  • Dash price after completing our highlighted sell pattern moved lower and dived sharply to trade below 0.0120BTC.
  • The recent slide is very surprising, as the price settled below a major support area.
  • More losses are possible moving ahead, but a short-term correction is possible.

Dash price was crushed and traded towards 0.0114 to register a monstrous decline this past week.

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Dash Price Crucial Decline

There was a major downside reaction noted, and we were anticipating a move lower. There were a few important bearish signals noted this past week, which helped us to understand that the Dash price might break lower. The most important one that there was a triple top pattern formed around the 0.0130BTC. Moreover, a 5-waves pattern was also formed, which helped sellers to gain control and ignited downside reaction. The price fell sharply, and it is now well below the 100 simple moving average.


One important point to note that the price cleared a critical support area of 0.0120BTC. Now if the price attempts to

Read more ... source: TheBitcoinNews