Dash is following other cryptocurrencies in the downturn this week. Since the RSI has observed “Oversold” territory which suggests that selling has been overdone and a pullback is likely. Amid this, both moving averages have turned down that signals a negative mark.
Keep in mind that the declining 20-day EMA and the RSI in the oversold territory representing the fact that the bears have the upper hand. With this, the DASH/USD pair expected to be in a bearish mood for quite some time. While the strong bearish pressure has successfully caused a drop in current value by almost 38.9% compared with October 10 and that of September 01, it dropped by 58%. The trend supposedly represents the lowest low of the day before exhaustion set in. Since no bullish patterns have been expected as of now which recommend a buy, therefore it is best to remain on the sidelines.
It should be pointed out that the current value offers the best opportunity to invest into DASH for the long-term perspective. The next support level can be $93.
Trade with caution and on your own risk.
Keep in mind that the declining 20-day EMA and the RSI in the oversold territory representing the fact that the bears have the upper hand. With this, the DASH/USD pair expected to be in a bearish mood for quite some time. While the strong bearish pressure has successfully caused a drop in current value by almost 38.9% compared with October 10 and that of September 01, it dropped by 58%. The trend supposedly represents the lowest low of the day before exhaustion set in. Since no bullish patterns have been expected as of now which recommend a buy, therefore it is best to remain on the sidelines.
It should be pointed out that the current value offers the best opportunity to invest into DASH for the long-term perspective. The next support level can be $93.
Trade with caution and on your own risk.