DASH Technical Analysis: The Last Fall Wave Is Possible
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At the moment, there is only one question - whether the DASH price reversal will start from this range, or whether sellers will be able to organize a financial fall wave to $70. To implement a positive scenario and reverse the price without updating the mark of $90, buyers need to test the mark of $120 during the trading week on 14 March. This action of buyers organizes a consolidation corridor in the range of $90-$120, in which buyers will have a chance to gain a position to start growing with the first target of $140. This increase in the DASH price will not mean a change in the global trend. The $140 mark is the global trend line of sellers, which they have been keeping since May 2021. So we do not expect the $140 mark to break for the first time.
Technical Analysis Of DASH On The Daily Timeframe.
Analyzing the movement of the DASH price on the daily timeframe, we see that the price is moving down the stairs. It became difficult for sellers to gain impulse to conquer new price zone. Now, after long consolidations, sellers are taking a step lower and a new consolidation is beginning. This fall of the DASH price indicates a significant weakening of sellers and driving them into a trap at local lows.
However, there are still many sellers in the DASH market. This is evidenced by the daily candle from 10 March. On the chart, we see that on this day there were high trading volumes, but the buyers could not achieve a corresponding result. To start a new attack of buyers, they should confidently keep the $85 range. If sellers are unable to push the price below this mark during the current local attack, we will expect a sharp DASH cryptocurrency growth from the second half of March.
DASHBTC Price Is In The Final Stages Of The Wedge
On the weekly price chart of DASHBTC special changes for the trading month are not noticeable. Tensions between market participants have increased even more. Buyers do not let the price out of the red falling wedge, and sellers do not allow to organize a rebound. Given the scale and duration of the DASHBTC price in this formation, we expect a rapid change in the trend with the first growth target of 0.0035. The final target remains the same - it is in the range of 0.0058. An alternative scenario in the DASHBTC market will come after a breakdown and retest of 0.002. In this case, the prospect of the price fall will be 40% down.