DASHUSD closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, DASHUSD finished Saturday at 163.48 losing $5.35 (-3.17%). Today's closing price of 163.48 marks the lowest close since July 19, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 167.04, the cryptocurrency confirms its breakout through the previous session's low having traded $3.57 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 $5.54 (3.29%), that's far below last trading month's daily average range of $16.49. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 170.31.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.
Market Conditions for Dash/USD Index
|Bullish Engulfing Candle||TQ Pro Members Only|
|Strong Up Move||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Bearish Bounce off SMA 20||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Related Crypto Currencies