Quant and Dash look stable

Overview

  • Quant is world’s first DLT gateway for enterprise that delivers interoperability across different systems, networks, and DLTs.
  • DASH is the native cryptocurrency for Dash (Digital Cash), an open source blockchain project.

The market analysis of Quant and Dash for 22nd November, 2021 is here. Quant and Dash both most likely are going to breakout.

Quant

It started the day at $224.2 levels, was at its intraday high, before making a reversal. The early intraday low stands at $213.7 levels. On the daily chart, Quant was seen consolidating between $218.3 and $220.8 levels. The daily chart showed, Quant tested first resistance level at $219.5, while leaving the support level at $214.8 level untested today, thereby having late intraday low at $211.9 level. On the hourly chart, Quant is consolidating in a bullish flag pattern and is likely to breakout at $218.4 levels.

https://in.tradingview.com/

Market Indicators:

Relative strength Index: The RSI is currently moving down towards 40 levels and perhaps has the potential of moving further down showing price weakness.

Fibonacci Retracement levels: 23.6%: $221.6, 38.2%: $227.4, 61.08%: $236.8

Major support level: $212.2

Major resistance level: $223.9

https://in.tradingview.com/

Conclusion:

The strong buy region ranges somewhere between $213.4 and $219.4. Contrary to it the major sell region ranges between $220.8 and $223.1.

DASH

DASH is currently trading at $198.1 level, down by 4.44%. The market structure of DASH has been discussed further.

DASH, started off the day at $202.3 levels, reached early intraday high at $203.6 levels, before sliding to an intraday low at $188.6 levels. Testing the first major resistance level at $199.9 level, DASH lost its momentum late. On the daily chart, DASH tested the first major support level at $194.6 to a late intraday low at $191.1 levels. On the hourly chart, the coin has been consolidating between $195.2 and $198.9 levels.

Looking at the current momentum, DASH is most likely to breakout on the upside.

https://in.tradingview.com/

Market Indicators:

Relative strength Index: The RSI is currently moving down towards 44 levels, showing mild price weakness.

Fibonacci Retracement levels: 23.6%: 193.2, 38.2%: $196.2, 61.08%: $200.9

Major support level: $188.5

Major resistance level: $198.5

https://in.tradingview.com/

Conclusion:

DASH’s strong buy region extends from $188.6 and $195.2 levels. The major support level sits at $191.8 levels, falling below which will bring the second major support level at $190.5. The sell region is between $196.7 and $199.9 levels. DASH has the potential to very soon touch $208 level.

Please follow and like us:

Related Articles

Facebook
Twitter
Telegram