Dash lost more than 28% of its value since the beginning of August. Current technical levels suggest that sideways trading will dominate the incoming sessions. For two days in row, Dash has posted losses. The downtrend occurred following a failed attempt to clear the trendline resistance. Also limiting the upward movements was the 50 Simple Moving Average (SMA) 4-hour. Looking back at the performance of the cryptocurrency in August, we can say Dash has lost a great deal of its value in just a month; roughly 28.5%. However, the bearish momentum in the last week of August found balance $78. This level is functioning as a short-term bottom which is also forming the foundation of the ongoing recovery. The extended bear action on Thursday breached the bearish flag pattern but bulls did their best to push the price above the 50 SMA. The Moving Average Convergence Divergence (MACD) ranging trend at the mean line (0.000) hints sideways trading in the near-term. The Strength Index (RSI) doubles down on the sideways trend by leveling at the average (50). DASH/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY consolidates in a range near 107.00 handle, NFP/Powell’s speech awaited FX Street 4 years Dash lost more than 28% of its value since the beginning of August. Current technical levels suggest that sideways trading will dominate the incoming sessions. For two days in row, Dash has posted losses. The downtrend occurred following a failed attempt to clear the trendline resistance. Also limiting the upward movements was the 50 Simple Moving Average (SMA) 4-hour. Looking back at the performance of the cryptocurrency in August, we can say Dash has lost a great deal of its value in just a month; roughly 28.5%. However, the bearish momentum in the last week of August found balance $78.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
