DashCoin price loses momentum – Analysis - 30-10-2019

DashCoin price couldn’t surpass the EMA50, noticing that stochastic lose its positive momentum and begins to provide negative overlapping signals now, which signals that the price is in its way to resume the bearish trend in the upcoming sessions, moving within the bearish channel that appears in the image.

Therefore, the bearish bias will be expected for today, and the targets begin at 64.30 and extend to 53.30 after surpassing the previous level, being aware that breaching 80.80 will stop the negative scenario and leads the price to begin a bullish correctional wave.

The expected trading range for today is between 64.30 support and 76.00 resistance

The expected trend for today: Bearish