DASH Technical Analysis for 01/11/2016 – The Battle at 0.0073 Continues

The pivot zone at 0.0073 continues to assert itself on the DASH charts. In my previous DASH article, I speculated that if price were to drop under 0.0073, this area was very likely to turn into resistance. The market made its way under this pivot a few days ago, and 0.0073 has acted as resistance on two occasions since the break occurred. The big question now is: will price stay under 0.0073 and trade lower?

Dash-technical-analysis-Jan11

DASH entered a bear market on the the 31st of December and this bear trend line will most likely act as an additional barrier to any rallies. The big surprise here will be if price makes it back over 0.0073! If that occurs, then a rally towards 0.009 is very probable.

Dash-technical-analysis-Jan11-2

I also mentioned the importance of the 0.0068 pivot zone in my last article, and it seems that this zone is very much still in play. The market has used this area as support/resistance on several occasions in December and January.

Dash-technical-analysis-Jan11-3

 

 

Disclaimer:  This is not trading/investment advice!

Chart source: https://poloniex.com/exchange#btc_dash

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