Topic: Technical Analysis Of DASH Cryptocurrency (Read 692 times)
You can't apply technical analysis to cryptocurrency because crypto doesn't trade using the classic supply/demand models that the entire art is based upon. Most crypto trading is fake, especially if its Maneuro.
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http://themerkle.com/speculation/technical-analysis-of-dash-cryptocurrency/
Dash, formerly known as DarkCoin, has been in fairly consistent downtrend since hitting a high of 0.025 on the 25th of March. When looking at the 2-hour chart, one price pivot stands out like a sore thumb, the 0.01835 area. This area has been used twice as resistance between 21st-22nd of March, twice as support between the 27th-28th of March, two more times as resistance between the 30th of March and the 1st of April. This price pivot has been respect on six separate occasions, and will most likely act as resistance in the event of a bull market.
Dash, formerly known as DarkCoin, has been in fairly consistent downtrend since hitting a high of 0.025 on the 25th of March. When looking at the 2-hour chart, one price pivot stands out like a sore thumb, the 0.01835 area. This area has been used twice as resistance between 21st-22nd of March, twice as support between the 27th-28th of March, two more times as resistance between the 30th of March and the 1st of April. This price pivot has been respect on six separate occasions, and will most likely act as resistance in the event of a bull market.
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