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Tezos, Dash, Decred Price Analysis: 14 March



Source: Pixabay

Tezos bounced off the $3.8 support level but could be set to revisit it in the coming days. Dash showed weakening bullish momentum, while Decred climbed above a region of supply to flip it to one of demand.

Tezos [XTZ]

Tezos, Dash, Decred Price Analysis: 14 March

Source: XTZ/USD on TradingView

The past week has seen XTZ rejected at the $4.5 mark. since then, it has tested the $4.32 level to confirm it as resistance and dipped to $3.79, where it saw a bounce.

The $3.8 level is a strong level of support and the range plotted (cyan) indicates that XTZ was trading in the $3.2-$3.8 range for a few days in late February. The MACD was below the zero line but formed a bullish crossover. Yet, the MACD and signal lines were in close proximity and showed a lack of strong momentum.

It is likely that XTZ sees a bounce off $3.8 to retest the $4 mark, where sellers are likely to be strong again. The $3.8 region would be a good buying opportunity, with a stop-loss at $3.65 and expecting a breakout back to $4.5.

Dash [DASH]

Tezos, Dash, Decred Price Analysis: 14 March

Source: DASH/USDT on TradingView

Dash climbed past the descending trendline (orange) after finding support at the $205 level, which is the 38.2% retracement level for DASH based on its move up from $93.8 to $336.

The price of DASH formed equal highs even as the RSI formed lower highs, indicating weakening bullish momentum behind DASH. This could see the price revisit the $220 level as support if the demand at $230 dries up.

Decred [DCR]

Tezos, Dash, Decred Price Analysis: 14 March

Source: DCR/USDT on TradingView

The highlighted area at $164-$170 has been a region of supply for DCR. Coinciding with Bitcoin’s drop three weeks ago, DCR also faced rejection in this region and was driven to $125 to find support. Since then, the price has recovered, and climbed above the $146 Point of Control, according to Volume Profile Visible Range.

The $170 mark is also shown to be a place with strong trading volume on the VPVR, and DCR rose past it and was trading at $177 at the time of writing.

The next target for DCR bulls would be the $195-$200 area.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.