TheDAO Market Report: DAO/BTC Down -3.05% on the Day

Brief:


TheDAO is down -3.05% on the day and up 4.23% on the week on a last price of 0.00022050. DAO/BTC is trading between a 24hr high of 0.00023308 and a 24hr low of 0.00021700, in a weekly down trend.

Last price

0.00022050 DAO/BTC

$USD

last price $ 00.12801583
one week ago $ 00.12282553
percentage 4.23%

Remarks

TheDAO tokens began trading eight days ago on May 28, 2016. Today prices were back to the 2200 level we saw as mostly a sideways price on May 30. The one week, 30 minute candlestick chart (illustrated) clearly shows a down trend which has persisted most of the week.

The lower last price does hold more potential for upside long trades. There is no margin trading on TheDAO tokens on Poloniex, making long positions arguably more readable as prices reflect what traders are willing to pay, rather than what traders are willing to short.

Launch Day TheDAO Market Report
Browse the first TheDAO Market Report published during token trading launch day:

TheDAO Market Report: Launch Day Tokens Up 36% Drift Lower

URL
http://allcoinsnews.com/2016/05/28/thedao-market-report-launch-day-tokens-up-36-drift-lower/

Price change

Price change is the percentage change within the period:

period change
day -3.05%
week 4.23%
month 0.00%

Chart

Tap or click chart to enlarge:

chart-thedao-2016-06-05

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the TheDAO market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 150,133,785 1172775159 $ 00.12801583

Indicators

Daily High Low

daily high 0.00023308
daily low 0.00021700

Trend

The weekly trend is down.

trend is DOWN

Support

Support is the lowest price within the period:

period support
day 0.00021700
week 0.00019991
month launched May 28, 2016

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00023308
week 0.00026079

Range

Range is the difference in price within the period:

period range
day 0.00001608
week 0.00000894

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

TheDAO is down -3.05% on the day and up 4.23% on the week. The weekly trend is down. DAO/BTC saw weekly support at 0.00019991 and weekly resistance at 0.00026079. Market sentiment is bearish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Sunday June 05 2016 18:21 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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Tags

TheDAO, Poloniex, DAO/BTC, Brief, Last price, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags