DASH Technical Analysis for 11/26/2015 – Bear Market Continues??

DASH was trading above 0.0065 for most of November, but price has now slipped underneath this very important pivot level. This area provided support on three separate occasions this month. When price closed under 0.0065 on the 22nd of November, this area subsequently turned into resistance. The market traded around 0.0065 for about three days, and finally broke lower today.

DASH-technical-analysis-Nov26

DASH put in a low of 0.00525 on the 4th of November. The market has not traded near this level since that time, so this area is very likely to act as support now. Unless price manages to climb above 0.0065, and also break above the current trend line over the next few days, the most likely future direction is south, towards the low at 0.00525.

DASH-technical-analysis-Nov26-2

 

Disclaimer:  This is not trading/investment advice!

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

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