Dash Down 3%, Ether Still in Range

Dash is down by 3 percent since last Thursday. Ether on the other hand is up but by only 1%, from 0.07772 to 0.07854 BTC.

Ether Still in Range

The low volatility across the crypto markets continues. Ether is up by only 1 percent compared to one week ago. Consequently no trends have been established on the daily chart. For that to happen price has to breakout outside of the rectangle on the chart below.

ethbtcdaily-june21-copy

A move above the 0.08061 BTC swing high could start a new rally. Higher up there’s resistance at 0.08542 BTC followed by the 0.08829 swing high. Higher still we have the 0.09 and 0.1 BTC round figures as potential resistance levels. A decisive breakout above here may open to door to this year’s high at 0.121 BTC.

On the lower end we need a breakdown below 0.07 BTC to start a new bearish trend on the daily charts. Support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC. On the weekly charts ETH/BTC is also range-bound. The monthly charts are still keeping the bullish bias.

Dash Down 3 Percent

Unlike ETH/BTC, Dash is trading lower this week. Yesterday we hit a new 2018 low at 0.03782 BTC but prices quickly bounced back. We are quoted at 0.03897 BTC at the moment, down from 0.04039 BTC last Thursday or – 3.6% in percentage terms.

dshbtcdaily-june21-copy

The downtrend for DSH/BTC is still in play. A breakout above 0.04169 BTC is needed to end it. A move beyond 0.04325 BTC could start a new rally. On the lower end there’s weak support at 0.03782 BTC followed by 0.03557 BTC and 0.03452 BTC. The latter level is also a 14-month low for Dash. A breakdown below it could exacerbate the losses. On the longer-term charts Dash is bearish on the weeklies but bullish on the monthly charts.

Bitcoin Little Changed

Similarly to the two altcoins above, BTC/USD is trading little changed since our last update on Tuesday. We are quoted at $6,729 dollars right now, up by $29 or 0.4 percent.

A decisive breakout above $7,046 dollars could end the current downtrend. A move beyond $7,775 dollars is needed to restart the rally in prices.

Petar Kotevski

Petar is a forex trader and writer with 9 years of experience in financial markets. He has been following bitcoin since 2010. A year ago, as the BTC market matured, he started getting more involved by writing articles on bitcoin and other alternative currencies.

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