Dash Bucks Crypto Downtrend

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• Блог им. FXOpen  

Dash is bucking the general downtrend in altcoin prices. While ETH made new yearly lows, Dash is now in rally mode vs BTC.

Ether Hits New 2018 Lows

On Wednesday ETH/BTC hit a new 2018 low at 0.02620 BTC. The represents a loss of 48% from the 0.05052 BTC price recorded only one month ago. In USD terms ETH hit a low of $167 dollars on September 12th before bouncing. We are currently quoted at 0.03138 BTC, around 20 percent off the lows.



While the downtrend is still in play on the daily charts, we already had some severe losses. Add to that the fact that the trend is now over 2 months old, it’s probably too late to jump in at this stage. Shorts should pay attention to the area around 0.03873 BTC. A breakout above here could finally end the bear. A new rally however requires a breakout above the 0.04171 BTC swing high. More resistance higher up can be found at the 0.04843 BTC swing high and the 0.05 round figure.

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• ether
• dash
• altcoin
• downtrend
• forex
• analytics
• cryptocurrency

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• 14 сентября 2018, 15:03
• FXOpen