DASHUSD closes lower for the 2nd day in a row


Dash/USD Index (DASHUSD) Technical Analysis Report for Aug 11, 2018 [< 1 min read]
Highlights
DASHUSD dominated by bears dragging the market lower throughout the day
DASHUSD closes lower for the 2nd day in a row
DASHUSD ends the day on a bearish note closing near the low of the day
DASHUSD breaks below previous session low
DASHUSD falls to lowest close since July 19, 2017
TQ Sentiment
Report Sentiment: 66% Bearish
Technical Forecast:
Overview

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.

Daily chart for DASHUSD
Volatility

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.

Support/Resistance

Prices are trading close to the key resistance level at 170.31.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
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...
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Latest Report:

DASHUSD rockets 9.83% on high volume

Aug 15, 2018
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