NEWSBTC: Dash Tests Ichimoku Cloud's Upper Band in Apparent New Uptrend
It’s Invest Diva's Kiana Danial https://www.investdiva.com/ with News BTC and here is your cryptocurrency update. Today I wanted to take a look at Dash the cryptocurrency, not to be confused with the Kardashian’s clothing store, and see how it’s been doing. While the Kardashian Dash stores are preparing to close shop, Dash coin continued its bullish momentum on Monday, gaining 7.55% according to coinmarketcap. Dash focuses on being the digital cash, the most user-friendly and scalable payments system in the world. In the past week, it’s been up almost 40%, bottoming out at $289 and is testing the upper band of the daily Ichimoku cloud at the time of filming. On Ichimoku Kinko Hyo’s standard daily setup the Tenkan line has crossed above the Kijun line, while the Chiko span has yet to break above the cloud. With this, we could still see a temporary pullback but the new uptrend appears to be strong enough to turn into a medium-term bullish sentiment. Dash was originally released as XCoin on January 18, 2014. Being once incredibly underrated, Dash was able to make its way into the top 10 cryptocurrencies back in 2017 but has since dropped to number 12th on the list based on market capitalization. However, Dash is aiming to make up for the losses by continuously improving its main features such as transparency, convenience, and speed. Dash has a monthly budget of 2.5 million USD for technical developments. This has made many Dash holders believe that the company’s development team is dedicated to making this coin more advantageous.Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
Additional Info
- Read full article on: NEWSBTC
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.