Altcoins is on the positive run for the last few trading days. Most of the major cryptocurrencies had moved up according to the data from coindesk and Poloneix market. DASH hiked by +8%.
DASH/BTC in a year trading witnessing two-tiered rangebound channels.
Buoyant by latest news of DASH traded on BitMex Futures exchange, DASH is on the positive notes all round with its market capitalization reaching all time high. With the latest data from coinmarketcap.com, DASH market cap at USD$138 million making it the sixth largest cap cryptocoin. It is also now the 6th most traded digital currency according coinmarketcap.com, Bter, Livecoin and 4th in Poloniex market.
Daily Volume Of DASH/BTC on major Exchanges for the past one month
Dash’s recent price and volume growth is driven in part by its recent software launch of Sentinel, which sets the foundation for the highly anticipated decentralized payments system Evolution. In parallel, DASH just opened its new headquarters at Arizona State University’s SkySong Innovation Center, the first cryptocurrency in the world with dedicated offices. Dash leapfrogs Maidsafe Coin (MAID) and Ethereum Classic (ETC) as the 6th most valuable cryptocurrency in the world.
DASH/BTC latest bump easily broke the previous year high of 0.0174176 set on January 30 2017 and recorded a new year high of 0.0199000 on February 15. The volume traded on the day was the highest since January 24 with the total more than 162,790DASH changes hands.
Important DASH/BTC price levels to watch,
Year High – 0.0199000 February 15 2017
Year Low – 0.01106602 January 01 2017
All Time High – 0.02668645 August 14 2016
The DASH price last traded at 0.01931950BTC on the time of writing. It is riding on the top palate of a symmetric flag pattern. The price was swing back from the triple bottom(tested for the pass two days) support zone of 0.01834800. This level should hold subject to the market sentiment shift. However, another bearish rush toward this level would indicate a high possible break. Meanwhile, DASH/BTC will have to swing and brace above resistance level of sub-0.01958360 to in sync the uptrend channel. However, it might need few tries to crack this level on potential selling pressure.
Some Critical DASH/BTC Price Levels for the Immediate Term
Important Resistance Levels
R1 – 0.01908330
R2 – 0.01958360
R3 – 0.01990000 (Year High)
Crucial Support Levels
S1 – 0.01834799
S2 – 0.01781270
S3 – 0.01729740
Trading Idea : Short on surge near to resistance level of 0.01958360 level (a double top formation). But the excess selling pressure might forced the price on further southward before reverse to track higher.
But remember set take profit and cut lose ratio to 3:1.
DASH/BTC market on Yobit
DASH/BTC is the second most traded cryptocoin in the Yobit exchange for the three consecutive days with average daily volume in excess of 606BTC. This volume size is very close to Ploniex(the largest cryptocurrency exchange for altcoins) DASH total traded. Yobit is notoriously fame for listing of micro-sized altcoins. And the trading are stipulated with higher speculative in nature. Please check Yobit if you are in for latest emerging cryptocurrencies.
Trade The New DASH/Bitcoin Futures on BitMex
DASH/Bitcoin (DASH/XBT) is tracking closely with DASH price in other exchanges defying the BTC momentum.
The DASH derivative is in the form of a Futures Contract and allows traders to speculate on the future value of the DASH/Bitcoin (DASH/XBT) exchange rate. Traders need not have DASH to trade the futures contract as it only requires Bitcoin as margin.
Trade DASH on BitMex Futures
** check below for other BTC/cryptocoin exchange options
BTC Exchanges With DASH Trading,
✘ Hit BTC
The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.