This website uses cookies to ensure you get the best experience on our website

Technical Analysis for DSHBTC for 6th October 2021

DASH Under Pressure Near Multi-Month Lows as Bitcoin Runs Riot

Dash continues to build and strike partnerships, onboarding more clients on their InstantSend feature.

Past Performance of DASH/BTC

Dash fundamentals could be positive movers but aren't enough to stem advancing Bitcoin bulls. 

At the time of writing, DASH is dangling at the edge but stable on the last trading day. If BTC bulls are steady, DASH might fall below a critical multi-month support level at 0.0035 BTC.

What to Expect of DASH/BTC

DASH/BTC is 'bearish' as BTC bulls double down, pressing higher. 

This is at the expense of DASH, whose prices are now tracking lower below the middle BB, bearish with relatively low trading volumes. 

If DASH unwinds losses at 0.0035 BTC, the double bar bullish pattern (or any other reversal pattern) must have considerably high trading volumes, ideally above 0.0040 BTC. 

This might be the building base for 0.0040—or better in the medium term.

DASH/BTC Technical Analysis

DASH holders bear the brunt of resurgent BTC bulls reading from the performance in the daily chart. 

Losses below 0.0035—the primary support line—might see DASH dip to 0.0025 BTC—February 2021 lows. 

Conversely, gains above 0.0038 BTC may build the momentum for a moon swing towards 0.0040 and the middle BB in the medium term.

Resistance level to watch out: 0.0040 BTC

Support level to watch out: 0.0035 BTC

Disclaimer: Opinions expressed are not investment advice. Do your research.

For more interesting tips and facts visit our Education Centre.

Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020