DASHBTC falls to lowest close since February 27, 2017
Moving lower for the 2nd day in a row, DASHBTC ended Saturday at 0.02684 losing BTC0.00067 (-2.44%) on low volume. Today's closing price of 0.02684 marks the lowest close since February 27, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 0.02735, the cryptocurrency confirms its breakout through the previous session's low having traded BTC0.00052 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Saturday's trading range was BTC0.00062 (2.26%), that's far below last trading month's daily average range of BTC0.00145. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 0.02766.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Selling might accelerate should prices move below the nearby swing low at 0.02644 where further sell stops could get triggered.
Even though both sentiments are bearish for the next trading day, the classical technical analysis metrics are only slightly bearish while our quantitative statistics show a bearish sentiment.
Market Conditions for Dash/BTC Index
|Down Close Near Low of Period||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
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